The trustee you select is the key decision to assure your trust will serve your beneficiaries well. Your trustee will have complex and demanding duties: Managing the trust’s investments and distributing its assets Balancing the (sometimes conflicting) interests of...
Whether you file for chapter 7 bankruptcy relief or for chapter 13 bankruptcy relief, bankruptcy law allows you to keep certain assets (called “exempt assets”). Non-exempt assets need proper pre-bankruptcy planning to avoid them being sold for the benefit of your...
Chapter 13 bankruptcy requires that a debtor pay his or her disposable income for a period of 3-5 years. The ultimate question is how much does the debtor have to pay and for how long. One requirement is that the debtor must satisfy the “best interests of creditors”...
Many bankruptcy debtors file bankruptcy in the midst of being a party to litigation: they have either been sued or are suing someone. Sometimes the lawsuit is the reason for the bankruptcy filing. Sometimes other events precipitate the bankruptcy filing (bank levy,...
Yes! You can change or amend your power of attorney at any time during your lifetime. Possibly you have changed your mind about the person you chose to make decisions for you under a durable power of attorney. To make changes to your Power of Attorney, however, you...
The timeframe for completing the trust administration process varies depending upon the circumstances of the situation. For example, administering a trust of a married couple when one spouse passes away can be completed in a few months while the settlement of a large...
