Informational Blogs
Things have changed financially in your life. What can you do to create a game plan to solve it? One approach that people attempt to take is ignore the problem and hope it goes away. However, as people quickly find out, ignoring a financial problem does not help. In fact, the longer you wait to solve it, the worse it gets.…Read More
One big hurdle to bankruptcy for some individuals is their cosigner. If you weren’t able to secure a loan on your own for a home or car, or if you cosigned with a spouse, then that cosigner is held liable for the debt in a Chapter 7 bankruptcy. Chapter 7 bankruptcy eliminates most debt in the form of a discharge,…Read More
Once you have a will or trust on file, you may think you are done with future estate planning. However, there are several circumstances that have nothing to do with you, and a few that do that could necessitate a change. Here are five (5) reason that should cause you to update your estate Planning: Major changes in your financial…Read More
Estate Planning For Parents Who Have Special Needs Children Who Receive Government Benefits is important and can be handled with a Special Needs Trust for the benefit of the child. We offer a free initial consultation for new estate planning clients. Most people are concerned about providing for their children, but when you have special-needs children, it goes beyond just providing…Read More
I meet with over 250 clients a year. Based on my observations, the following are the top 6 Situations where bankruptcy protection is helpful to get your financial life under control: 1. Lawsuit and Pending Garnishment. You got served with a lawsuit for some unpaid bill, didn’t do anything about it and got a judgment against you. Now, the creditor…Read More
More than half of all marriages end in divorce, and 75 percent of those who end up divorced will remarry. Research indicates that 65 percent of these relationships will result in more children. Today, 40 percent of adults have at least one step-relative. Therefore, when your life changes, your estate planning goals change as well. Over the past few years,…Read More
There are several elements to an estate plan that are key to your family being taken care of and your financial goals. For our Peace of Mind Planning, I referred to it as “What Tools Do You Have in Your Personal Tool Shed?” The first step is simply to set up a free consultation with an experienced estate planning attorney.…Read More
If you cannot pay all of your living expenses on time on a regular basis, you probably should meet with a bankruptcy lawyer as soon as possible to analyze your financial situation and find out your options. If you have accounts in collections or your are getting your wages garnished, the sooner you find out your options, the better. There…Read More
The short answer is "Yes" for most people. Chapter 13 bankruptcy typically provides a global solution to your financial situation for the vast majority of people. Financial problems don't "go away" by themselves. But, there are effective tools for you to take control of your financial situation and set you up for a fresh start and success going forward. If…Read More
When you file for Chapter 7 or Chapter 13 bankruptcy, there is a federally mandated requirement that you undergo credit counseling and debt education courses before and after your filing. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 required all filers to get courses through government-approved credit counseling agencies. However, that stamp of approval doesn’t mean all counselors are…Read More