An important part of estate planning is choosing an executor to oversee everything in the event of death. The role is nothing to take lightly, so it is a good idea to consider different factors before naming one. Because the role of executor is demanding, it is also...
Year: 2020
It is possible to bounce back from bankruptcy?
Making the decision to file for bankruptcy takes a lot of consideration. Although it gives people a fresh start, it also negatively affects one’s credit and ability to borrow money. The good news is it does not take long to bounce back if one is responsible and takes...
Medical expenses: A major cause of bankruptcy in the U.S.
Although the Affordable Care Act was designed to help minimize medical costs and ensure all Americans have access to affordable insurance options, millions of Americans suffer from medical debt. Whether they have recently been diagnosed with a chronic medical...
How do work credits and monthly income affect SSDI eligibility?
Eligibility for Social Security Disability Insurance requires proof that an individual suffers from a debilitating injury or medical condition. To apply for benefits, an employee must also have earned a sufficient amount of taxable income during the past 10 years. An...
Can I keep my home after bankruptcy?
Once you have made the decision to file bankruptcy, there are many aspects of the process that you want to be aware of. For example, different varieties of bankruptcies have different stipulations regarding keeping your current property. Many people worry that they...
Can loved ones move you to a nursing home against your wishes?
Growing older often includes the development of certain medical issues and limited mobility that may curtail your ability to care for yourself. Arthritis and other aging illnesses may increase the risks of falls and broken bones that can lead to permanent disability. ...
Intestate succession guidelines for spouses
If you have a loved one who recently passed away in Ypsilanti, then you may be concerned about how their estate is being handled. The hope is that they left behind a will. Yet what if they did not? Such is the question that many have come to us here at the Babut Law...
Which is better for me: Chapter 13 or 7?
Many people who are looking at filing personal bankruptcy wonder if Chapter 7 or Chapter 13 bankruptcy is the better option. There are many things to consider when choosing the right bankruptcy plan for you. According to Credit Karma, you are likely to clear your...
What to do if your disability claim is denied
Suddenly, an injury or condition changes your life. You are not able to work. You decide to apply for Social Security Disability, a government program that provides financial assistance to people with medical limitations that make them unemployable. At last, the...
Social security disability for depression
Depression has become a severe medical condition. It is among the most common mental disorders in the world today. There are various forms of depression, which will affect an individual differently. Depression leaves people feeling sad, gloomy, and feeling inadequate....