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3 Essentials of Estate Planning You Should Invest In

Have you thought about who will take care of your family when you are not there? If you are the sole breadwinner, how will they make ends meet after you die? Estate planning ensures your family is well taken care of and your assets are distributed responsibly amongst them. What is Estate Planning? Estate planning allows you to determine how certain aspects of your life can be handled if you are incapable of handling them yourself (due to disability or death). It involves a number of documents pertaining to the following: Your prop... Read more

What Bankruptcy Cannot Do

If you are spending more than you are saving and have more debts than you can successfully pay in your lifetime, filing for bankruptcy may serve you well. The procedure is governed by a federal law known as the Bankruptcy Code and it can go a long way in helping you get back on your feet financially. However, most people do not realize that even though bankruptcy can give them some relief, it is not a magic wand making all their debts disappear. What Bankruptcy Cannot Do Do Away with Tax Debt If you opt for Chapter 7 bankruptcy... Read more

Rights of Beneficiaries in an Irrevocable and a Revocable Trust

The beneficiaries of an asset are on the receiving end of rights and assets, according to a will. However, your rights can vary – depending on the type of trust you are part of. Your Rights as A Beneficiary for a Revocable Trust If you are included as a beneficiary in a revocable trust, you don’t have as many rights as you think you do. That’s because the Trustor has the right to change, alter and even terminate the trust any time without giving a reason for it. Plus, he/she can also remove or add beneficiaries any time ... Read more

What to Consider Before Filing For Bankruptcy

Deciding to file for bankruptcy is not an easy decision to make. However, If you are struggling to pay bills every month and do not have enough to pay down your existing debt, filing for bankruptcy may be a wise decision. That does not mean you should go into the process unprepared. Before filing for bankruptcy, consider the following points. Decide if it is The Right Decision for You If you are being sued for debt or your salary is being garnished, you are a good candidate for this process. If your home is going into foreclosure, yo... Read more

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