Here is the problem. Title in many assets does not automatically pass to the relatives without a court order. Troublesome assets include: Real Estate Oil, Gas, Royalty and Mineral Interests Vehicles Bank Accounts Often children or even a spouse may find that they are unable to sell, mortgage or transfer the property because “title” is […]
Bankruptcy is a legal proceeding designed to relieve debtors with relief from their creditors. A debtor is required to list all his assets, income and creditors. Most bankruptcies involve cases under Chapter 7 or Chapter 13 of the Bankruptcy Code. Unless a proof of claim is timely and properly filed an unsecured creditor will likely […]
A Powerful and Affordable Estate Planning Tool When most people think of Estate Planning they think of a Will. A key component in many Estate Plans is a Revocable Living Family Trust. A Trust is similar to Will because it designates who will receive property. However, unlike a Will it can designate when […]
