As a testament, the will is a legal document stating a person´s final wishes following their death. With that, it is considered to be a major part of the individual´s estate. Although the will can be created by the individual, it can also be produced with the help of an attorney specializing in estate planning.... read more
When you decide that bankruptcy is the only option to get out of debt, it can provide you with a great sense of financial freedom. When you feel overwhelmed by the sheer amount of debt, bankruptcy may be the answer you are looking for. Today, bankruptcy is not seen as a bad thing as it... read more
Bankruptcy might not be your preferred solution, but it can be the saving grace you need to have a fresh start. Here's why? Bankruptcy offers you the ability to discharge your debt. This means that your debtor will no longer be able to take action against you if you file for bankruptcy. Think about it,... read more
What is irrevocable life insurance trust (ILIT)? ILIT is a tool in estate planning that protects your life insurance benefits from being subject to estate tax. Usually, the life proceeds of your life insurance policy are included as part of your gross estate. But with an ILIT that is adequately drafted, these proceeds can be... read more
What is chapter 7 bankruptcy? Chapter 7 is the bankruptcy which is different from 11 and 13, and people prefer filing it because it is much quicker, and no filer is required to pay any of their debt back. So who can file, then? What forms will you need? And what is the overall process... read more
We all know the importance of a will. This applies primarily to senior citizens, but we should all have a choice written in advance as life is unpredictable. You may not be familiar with this, but most of a person’s typical household assets, like retirement accounts, qualify to be transferred outside of a will unless... read more
A personal injury can disrupt your life in various ways. As a result of a personal injury, you may have to go through physical pain and accept significant life changes, such as getting used to being in a wheelchair. We understand what you go through at every stage of your life after a personal injury... read more
Every couple faces challenges during their marriage. In certain circumstances, these challenges can make it extremely difficult for people to hold on their status of being happily married. You must know that there is nothing wrong with filing for divorce if you have carefully evaluated all the other options. Cooperative Divorce Vs. Collaborative Divorce: Most... read more
Power of Attorney is a legal document that essentially states that the person you name (also often referred to as a Power of Attorney but legally often called the Principal or Attorney-in-Fact) has your full authority to make decisions on your behalf. The Principal can sign contracts, sell your possessions, make financial transactions, and even... read more
Business bankruptcy, just like personal bankruptcy, is a tool that can help you get a handle on your business expenses and debt. It can save your business if you use it correctly. However, many business owners are hesitant to do so because they are concerned that it will affect their personal finances. Does it? That... read more