When people declare bankruptcy, they are often afraid they will lose everything they have while trying to pay off their debts. However, the fact is that many types of property are exempted from liquidation, meaning you will get to keep a certain amount of money and property no matter what else happens. Here are seven types of property exemptions that exist in federal bankruptcy law:
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A living trust, also known as an inter vivos trust, can be an extremely useful tool for some people seeking to plan their estates. Depending on your needs, it can both be an effective tool for managing your assets while you are alive, and become an effective means of asset distribution after you pass away. But what exactly is a living trust, and what can it do for you?
A power of attorney is an essential component of any estate plan, even if you are in perfect health. This is because a serious illness or injury can happen at any time, leaving you unable to handle your own personal affairs and placing your well-being in another’s hands. Here are five important things you should know about putting a power of attorney in your estate plan:
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When people look to purchase a new home, they will often look over a property themselves to see if there are any issues they can see. However, unless a trained inspector can catch plenty of issues you can miss with a simple visual inspection. Here are seven serious property defects that an inspection might reveal:
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When you are looking to purchase real estate, it is not enough to examine the physical property itself. You also need to look into the legal state of the property to determine if there are any title defects, or else face serious potential legal and financial consequences that can ruin your transaction. If you don’t have the assistance of legal counsel and a reputable title agency, here are seven title defects that can sabotage your real estate deal:
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There are few things more stressful than your loved one reaching a point where they need a legal guardianship to help protect them. If that happens, you will need to act quickly to ensure they receive the legal and financial protections that a guardianship affords them. But when exactly does guardianship become necessary, and what should you do if you have reached that point?
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Every business relies on the ability to efficiently conduct transactions with its customers, without being impeded by unnecessary hurdles or concerns. And yet, any business that is not careful can find itself dealing with the consequences of a poorly thought out contract or some legal problem they did not foresee. Here are just some of the ways that commercial transactions can go wrong:
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A power of attorney is an essential component of any estate plan, and ensuring you have one suited for your needs will protect your interests and can help avoid many potential legal issues. However, despite this, some people express doubts regarding the concept of a power of attorney. Here are five important reasons you should get a power of attorney:
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If you have a loved one who is unable to care for themselves, a guardianship may be an effective means of ensuring their needs are taken care of. However, there are benefits and costs to having a legal guardian assigned to a loved one, which can have a substantial effect on both your life and the life of your loved one. Here are the pros and cons of a guardianship:
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It has become increasingly common in recent years for people to structure their businesses as limited liability companies, also known as LLCs. These types of companies can be good for some businesses, but they are not necessarily the best for everyone. Here are some of the pros and cons of organizing your business as an LLC:
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