The public has a general understanding of both wills and trusts, but it is mostly gathered from the way that films and television shows talk about them, not from any personal experience with these legal tools. While both wills and trusts are an essential part of most...
Year: 2018
Is every type of debt dischargeable under Chapter 7 bankruptcy?
As you begin to consider the pros and cons of Chapter 7 bankruptcy, you'll likely enjoy the fact that you can discharge some of your debts. Discharging a debt means that it is wiped clean, and you don't have to pay back those creditors in the future. While this is the...
Is bankruptcy the answer to your financial problems?
There may come a point when you realize that your financial problems are too advanced to solve on your own. If this happens, it may be time to learn more about Chapter 7 and Chapter 13 bankruptcy. Both of these can go a long way in improving your finances, thus...
Important questions to address when creating a will
Creating a will is one of the best things you can do from an estate planning perspective. Even if you do nothing else, this legal document will ensure that your property ends up with the right person or people upon your death. There are several important questions to...
Potential pitfalls of Chapter 13 bankruptcy
If you find yourself swimming in debt and unable to make any progress, Chapter 13 bankruptcy may be one of the best ways to escape trouble and get your finances back on track. Before you pull the trigger, you'll want to better understand the potential pitfalls of...
5 nursing home red flags
It is very important to you to find the best possible nursing home for your aging parents. You know that they need care and assistance. You know that living on their own is dangerous; one fall could lead to some serious medical bills or, tragically, could even turn...
Should you create a durable financial power of attorney?
There are many ways to create an estate plan that gives you the peace of mind you're seeking. In addition to a will or trust, which is designed to ensure that the right people receive your assets upon your death, there are other estate planning documents you can use...
What are the drawbacks of Chapter 7 bankruptcy?
With a variety of benefits, it's easy to assume that Chapter 7 bankruptcy is exactly what you need to put your financial mistakes in the past and live a better life in the future. While some consumers find that the benefits of Chapter 7 bankruptcy outweigh the...
Do these things to discuss estate planning with your parents
As your parents age, you may come to find that they don't have the best (or any) estate plan in place. This is where you come into play. You want to jump in and discuss estate planning with them. At the same time, you don't want to come across as greedy. Here are some...
Overlooked benefits of Chapter 13 bankruptcy
If you have reason to believe that Chapter 13 bankruptcy could improve your financial situation, you need to learn more about the many pros and cons. Neglecting to do so could lead you down the wrong path, and a mistake isn't something you need at this point in your...