Once all the decedent’s property has been liquidated, creditors have all been taken care of, and tax issues have been cleared, this would typically be the perfect time to close the probate. Probate can remain open depending on specific circumstances in each case. An...
Creating a will should be considered a priority, however most people understandably do not want to think about, or plan for, their own death. If you want to determine what will happen to your assets when you pass, it’s important to take the time to make a will. If you...
To file for bankruptcy or not to file for bankruptcy. That may be the question you find yourself asking if you are staring down a case of insurmountable financial problems, but one that is ultimately hard to answer. In some cases, chapter 7 bankruptcy is a better fit...
Many people don’t understand which of their assets go through the probate process. It’s important to fully understand how your assets are transferred so that you’re able to make things happen the way you want them to happen. Below is a list of property and assets that...
After a death in the family, thinking about selling the family home can be difficult. Family members often find it challenging to grieve when they know that they will need to go through the probate process. If you inherit property and aren’t going to live in it...
Bankruptcy can be a life changing experience, but you want to ensure that at the end of the process, you have the fresh start that you are looking for. Having to file bankruptcy is stressful enough. During financial stress, it can be tempting to take all...
Probate takes place after a person’s death and in most cases you will need to validate and authenticate the final will, ensuring all debts are paid and the remaining assets get distributed accordingly. Probate proceedings can be overwhelming because an estate plan is...
Having a Power of Attorney not only ensures someone you trust will be in charge of important life decisions, but the benefits of a Power of Attorney includes everything from paying bills to monitoring your healthcare decisions if you are unable to do so. A Power of...
Bankruptcy can be a difficult and overwhelming decision. There are two types or “chapters” individuals can apply for; chapters 7 and 13. In a chapter 7 bankruptcy, almost all debt is erased, this does not include certain taxes, student loans, secured debt or child...
Probate is intended to divide your property and assets according to who you designate it to, but it can be a daunting and imperfect process. After a person has passed away, probate is the legal procedure that is settled in a probate court regarding an estate. Avoiding...
