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
Losing a loved one can be very hard, but the situation can be made even worse if their estate doesn’t pass through probate quickly and easily. Many people find that they can’t really get a sense of closure until probate is over. However, if the estate’s executor doesn’t seem to be doing their job, probate... read more
The COVID-19 global pandemic has affected many areas of life, including bankruptcies. If you’re considering bankruptcy, understanding how the pandemic has affected the process may help you determine if it’s the right move for you. Because most of these changes are temporary, you may decide you need to file now in order to take advantage... read more
One of the most common questions people ask is if they can file for bankruptcy if they have lost their jobs. Without a steady income, it’s easy to quickly fall behind on financial obligations and find bankruptcy as your only choice. Fortunately, yes, many people do declare bankruptcy while they are unemployed. There are a... read more
While it doesn’t often happen, there is a legal process in place for the executor of an estate to resign from that position. When this occurs, it does often mean that the probate process comes to a temporary halt, but this delay may not be very long. If you are an executor who is considering... read more
If you’ve written a will, you may feel like your estate is now protected. However, while that is true for your current situation, it’s not necessarily the case for the future. Your will needs to be updated regularly because your life, and your estate, is likely to change. Here are a few reasons why it’s... read more
Being self-employed has many benefits. You get to set your own hours, decide what clients you take on, and much more. You’re the boss, and at the end of the day, all decisions are yours. However, there are some downsides to self-employment. If you’ve ever tried to apply for a mortgage, for example, you know... read more
For many people, the cost of unexpected medical procedures can quickly wipe out any savings and leave them facing an unsurmountable mountain of debt. Medical debt is one of the reasons why people often consider bankruptcy, especially when hospitals and other medical facilities are threatening to send them to collections. How useful is bankruptcy for... read more
One of the most difficult parts of estate planning, for some people, is determining how to divide their assets. If you have very few assets or know that your heirs will be in agreement over how you divide things up, you may not worry too much about it. However, if you have a large number... read more