Currently Browsing:P.C.

Asset Distribution: 4 Mistakes to Avoid When Designating Beneficiaries

Designated beneficiaries are people (though can also be a trust or an estate) whose life expectancy is used to calculate particular features of a retirement plan. These plans can include qualified plans, 457(b) plans for state and local government employees, 403(b) accounts for public school employees, or a traditional individual retirement account (IRA). Additionally, designated

Read More

Searching For Estate Planning Lawyers? These 3 Tips Should Help

Talking and planning about the future can be very intimidating, especially if you’re approaching these conversations in a more realistic approach. Sure, daydreaming about future employment and vacation plans can be a lot of fun, but discussing asset distribution, estate plans, and the probate process isn’t all that exciting. It is important, though. According to a Caring.com survey,

Read More

Transferring Wealth Through Generations: 3 Great Tips

While most U.S. adults age 18 and over have not prepared their estate or started planning for the transfer of assets, 81% of Americans above the age of 72, as well as 58% of baby boomers (aged between 53 and 71) do have estate planning documents. If you’re part of the large percentage that does

Read More

3 Important FAQs About Wills and Asset Distribution

Life can be beautiful, entertaining, and truly amazing. Unfortunately, it can also be quite sad, as death can strike at anytime. These aren’t exactly topics people enjoy talking about or even thinking about, but since it is a reality, it’s important to at least broach them in order to plan for the future. Every adult in

Read More

Importance of Estate Planning: 3 Reasons People Aren’t Drafting a Will

Ensuring your family’s future is extremely important, and though it’s a difficult conversation to have, you must talk about asset distribution with your loved ones in the event of something happening to you or your family. Estate planning should be at the top of every adult’s priority list in order to secure the safety of

Read More

5 Tips on How to Better Manage Divorce Stress

Divorces can be very draining and exact its toll on your energy, resources, and time. Indeed, not all marriages are designed to last “until death do us part.” Several things can happen that could warrant the dissolution of your marriage, including infidelity, lack of communication, and even money. If you are struggling to come to

Read More

Estate Planning Basics: What’s the Difference Between a Will and a Trust?

Perhaps the best way to begin to explain the difference between a will and a trust is to explain what they have in common. Both wills and trusts are vehicles by which an individual hands over their property to their heirs. The differences are in when they go into effect and how they are administered.

Read More

Bankruptcy Basics: The Benefits of Chapter 7 Bankruptcy

It may seem like an oxymoron to discuss the “benefits” of bankruptcy, but the reality is that in some cases, bankruptcy can be the second chance that you or someone needs to get back on their feet financially. Unlike bankruptcies from a century ago, bankruptcies of today are an opportunity for creditors to recover some

Read More

Estate Planning 101: 5 Issues That Must Be Addressed In Your Will

While a Will of 10 words carved into a bumper was deemed valid (really, this happened in Canada), ideally you should use something a little more substantial to distribute your estate upon your death. Of course your Will should be in writing, but equally important is what it says. Here are 5 elements that must

Read More

You’re Still on the Hook: What CANNOT Be Discharged in a Bankruptcy

For many facing a looming crisis with debts, bankruptcy can represent a lifeboat that can help them stay afloat and have enough time to reorganize or negotiate with creditors. Bankruptcy also allows debtors to discharge (or be forgiven) certain debts thus helping them start to get back on their feet. However, there are certain debts

Read More