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It goes without saying that cash flow plays a huge role for an automaker. This is because the amount of money needs to be a substantial amount to get a car manufactured. Because of that, it is crucial to have a vehicle that will produce sales so that a profit can be obtained. However, sometimes...  read more

Going through a financial change can happen to anybody, and as a debtor going through bankruptcy, it can be even more stressful. With Chapter 13, it´s important to have a payment plan that provides flexibility. Flexibility is what you get when you file a Chapter 13 bankruptcy so that you can pay everything as agreed....  read more

Many times in life, when we forget the small details in an estate plan, it can cause huge losses for others. These losses can then turn into last-minute stress as changes and fixes need to be completed. Plus, if changes or corrections don´t happen, then your family may be out of more money than they...  read more

Filing for bankruptcy may be caused by many different reasons regardless of you living within the United States or out of the country. However, you may see a more complicated process when it comes to living abroad. Several rules have been established regarding chapter 7 and 13 bankruptcy for those who reside outside of the...  read more

When it comes to estate tax, it is good to mention that an estate tax almost no longer exists in the US. This is due to the fact that the amount of the estate will need to be a certain amount before it will be required to pay any tax. In 2021, the amount that...  read more

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