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Family members are generally not held responsible for paying off debt of the deceased. The division of an estate’s asset...
09/06/2022

Family members are generally not held responsible for paying off debt of the deceased. The division of an estate’s assets, however, occurs before any allotted inheritance is passed on to heirs. This can, in some cases, lead to family homes or other assets heirs expect to receive being sold to pay debts.

Unfortunately, credit card debt does not simply vanish when we are no longer around to pay the bills. Instead, this debt is considered part of our estate and then managed by an estate executor. For those interested in knowing more about what happens to credit card debt and any accumulated credit car

If it is your desire to leave your estate or a portion of it to a charitable organization we can assist you in implement...
09/06/2022

If it is your desire to leave your estate or a portion of it to a charitable organization we can assist you in implementing your plan. There are tax benefits to establishing a Charitable Remainder Trust (CRT) during your lifetime. Please call us to discuss your questions.

First, make sure the organization accepts donations.

Filing for bankruptcy is a serious step, but sometimes it is the best way to get a new start.
09/06/2022

Filing for bankruptcy is a serious step, but sometimes it is the best way to get a new start.

Learn how to file for bankruptcy.

Most people prefer to have control over what happens to their belongings when the unthinkable happens. But when there’s ...
08/31/2022

Most people prefer to have control over what happens to their belongings when the unthinkable happens. But when there’s no plan in place, the state decides what happens to your assets.

Accidents happen. Illnesses can strike anyone unexpectedly. So, take a moment to get a few basic estate planning tasks out of the way. You — and the people you love — will be glad you did.

A grantor trust is a type of living trust in which the person creating the trust (the grantor) remains the owner of the ...
08/24/2022

A grantor trust is a type of living trust in which the person creating the trust (the grantor) remains the owner of the assets and property in the trust for both income and estate tax purposes.

This revocable trust has all its income and deductions reported on the owner’s tax return. Learn more about how it works.

An automatic stay gives people in a bankruptcy a lot of relief from debt problems, right at the time they most need it.
08/24/2022

An automatic stay gives people in a bankruptcy a lot of relief from debt problems, right at the time they most need it.

If you're researching the term automatic stay, you are probably thinking about declaring bankruptcy. But on a positive note, an automatic stay gives people in a bankruptcy a lot of relief from debt problems, right at the time they most need it.

With careful planning, attention to detail, evaluation and research, you will be well situated to not just launch a busi...
08/17/2022

With careful planning, attention to detail, evaluation and research, you will be well situated to not just launch a business, but to maintain a successful business as well.

Starting a business is an exciting venture. Without proper planning, however, it can be easy to get overwhelmed with the process. Launching a business out of your home is similar to starting any other business, with the one exception that you will not need to lease commercial space for your business

Tackling your estate planning needs now will alleviate a lot of undue stress. By applying intention and proper considera...
07/21/2022

Tackling your estate planning needs now will alleviate a lot of undue stress. By applying intention and proper consideration to your future you can rest assured that you and your loved ones’ needs are covered.

Being prepared with a last will and testament can help your loved ones in the future. Here’s estate planning 101 explained for you.

There is more than one type of personal bankruptcy filing, and each has its own rules and consequences, but the ultimate...
07/20/2022

There is more than one type of personal bankruptcy filing, and each has its own rules and consequences, but the ultimate goal of each is to help a debtor out of a difficult financial situation. https://bit.ly/3v3fWHj

For many people, filing for personal bankruptcy is an option that carries with it personal stigma and many unknowns. Persistent myths swirl around the process that are either half-truths or completely false. There is more than one type of personal bankruptcy filing, and each has its own [...]

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 provides federal bankruptcy protection for IRAs. Tra...
07/12/2022

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 provides federal bankruptcy protection for IRAs. Traditional and Roth IRAs are currently protected to a total value of $1,512,350, with adjustments for inflation made every three years.

Learn which types of IRA accounts are protected from creditors in a bankruptcy, and to what dollar value each type of IRA is protected.

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