Bankruptcies largely affect individuals and households – only about three percent of bankruptcies today are incited by businesses, compared to 13 percent in 1980. While bankruptcies have been on a decline since 2011, as the country began to recover from the devastating effects of the financial crisis, 772,646 cases of bankruptcy were filed in the
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When securing your estate, it pays to remember that choosing the right person for the job can make an astounding difference. You can secure your assets through trust agreements and a well-written will, but the management of your estate during and after your death will require the calm and experienced hand of a trusted friend
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Personal injury lawyers specialize in representing clients who have not been properly compensated for their injuries, either because of the long-term implications of their injuries, an insurer who refuses to pay, underinsurance, unclear liability, or other complex legal issues. While accidents are always harrowing, particularly when a person narrowly escapes with their life and suffers
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When it comes to estate planning, the complexity of your estate plan should generally match the complexity of your estate. It’s true that smaller and simpler estates call for smaller and simpler plans – but there’s more to estate planning, inheritance, and legacy management than a basic last will and testament. In most cases, you
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Not all families are harmonious, and not all estates are simple. When there’s more to your familial quarrels than a little pettiness, then it pays to be more specific and protective when it comes to estate planning. We all pass away eventually, but without exercising specific control over how your assets are distributed when you’re
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When formulating an estate plan, the ultimate goal is to effectively transfer one’s wealth to any and all surviving loved ones, at a minimal cost both emotionally and financially. For many families, the most valuable and important part of the estate is its real estate. For some this is the family home, for others, it
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Different circumstances can lead to a crucial family member being disinherited – being left out of the will of a deceased person. While most families only recognize these situations from the TV drama they create in the lives of A- to C-list celebrities, plenty of average families struggle with will disputes and arguments over inheritance,
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When real estate is part of a decedent’s assets, heirs and beneficiaries often choose to sell the home and split the proceeds. However, realtors involved in the buying or selling of homes in probate should know the potential risks involved with property in probate. 1. Negotiations Include More Parties Negotiating the price of a probate
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The costs for medical care can be quite high, especially towards the end of one’s lifetime. It’s troubling to think that a good portion of what you have saved up for your children will have to go towards keeping you alive and comfortable in your last few years – and depending on how much you
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When people think about estate planning, they tend to think about what will happen to their debts and assets after they die. While fewer people consider what happens if they become incapacitated, this part of estate planning is equally as important. Appointing a financial power of attorney is a way to prepare for the worst
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