Tag Results
11 Tag Results
10 result(s) displayed (1 - 10):
January 15, 2009
Estate Planning Lawyer
An estate planning lawyer specializes in helping people create a plan to protect their assets. Estate planning involves executing legal documents such as trusts and wills; designating beneficiaries and the assets they will inherit; and appointing estate administrators to oversee your estate.
An estate planning lawyer can also ssist in executing a Durable Power of Attorney and Healthcare Proxy; establish guardianship for minor children; and designate payable-on-death and transfer-on-death beneficiaries to transfer real estate, financial holdings, and other valuable assets.
Real Estate Investing article on "Estate Planning Lawyer"
December 15, 2008
Chapter 13 Bankruptcy Attorney
In the past, hiring a Chapter 13 bankruptcy attorney was as simple as opening a phone book. Today, it isn't quite as easy. When the new bankruptcy laws went into effect in 2007, a provision was included which requires lawyers to attest to their clients bankruptcy petitions. In a nutshell, this provision requires lawyers to state they believe their clients' petition is necessary. If clients are not completely honest when providing details about their financial situation, the attorney assumes significant risk.
Today, retaining the services of a chapter 13 bankruptcy attorney is more costly. In addition to the above mentioned risk, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) require lawyers to engage in additional casework to ensure their clients have a legitimate need to file for bankruptcy protection. This has resulted in higher legal fees; making it more difficult for average Americans to obtain appropriate counsel.
Real Estate Investing article on "Chapter 13 Bankruptcy Attorney"
December 11, 2008
Probate Attorney
A probate attorney is a lawyer who specializes in estates held in probate. Probate is the process used to validate a decedent's Last Will and Testament, inventory assets, and distribute financial holdings, real estate, and personal belongings to beneficiaries.
Most people require the services of a Transactional probate attorney. This type of lawyer is best suited to handle estate administration duties. Transactional probate lawyers will open the probate case and present the original Will to the probate court. They will provide assistance to the appointed Estate Administrator and ensure appropriate legal documents are filed in a timely fashion.
Real Estate Investing article on "Probate Attorney "
November 21, 2008
Estate Planning Attorney
Hiring an estate planning attorney is a crucial part of developing a plan for what happens to your assets and personal belongings in the event of your death. When people die without executing a Last Will and Testament or arranging a living trust, everything they own is placed into probate.
An estate planning attorney can help you avoid probate by implementing irrevocable life insurance trusts, living trusts, and assigning payable-on-death and transfer-on-death beneficiaries. The probate process can take several months to several years to settle. Without implementing estate planning procedures, all your worldly possessions will be distributed to heirs according to probate laws.
Real Estate Investing article on "Estate Planning Attorney "
November 05, 2008
Bankrupcy
Bankrupcy filings are occurring at unprecedented rates. With the ever-growing credit crisis and increased unemployment, many Americans are facing challenging financial times. For many people, bankrupcy is the only alternative to save their home from foreclosure.
There are numerous reasons people file bankrupcy. At the top of the list is subprime lending and lack of adequate health insurance. Chronic illness and mounting medical bills can quickly cause a person to go bankrupt. Other causes of bankruptcy include loss of employment, death of a spouse and living outside your means.
Real Estate Investing article on "Bankrupcy"
November 02, 2008
Going Bankrupt
Americans are going bankrupt at an unprecedented rate. The failure of Fannie Mae and Freddie Mac has set off an avalanche of consumer panic. Unemployment rates are skyrocketing, business doors are closing, consumer spending has hit an all-time low and bankruptcy filings are going through the roof.
It's not only U.S. citizens going bankrupt. It's the entire world economy. Changes need to be made quickly in order to maintain any stability in worldwide markets. Otherwise, the entire global economy will be going bankrupt and we will be in much worse shape than we are now
Real Estate Investing article on "Going Bankrupt "
October 28, 2008
New Bankruptcy Laws
New bankruptcy laws enacted by Congress in 2005 have changed the way consumers, businesses, corporations and farmers obtain protection from creditors. The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) includes provisions which require debtors to engage in credit counseling and undergo the process of the 'means' test.
Under the new bankruptcy laws, filing for bankruptcy has become considerably more complex and costly. BAPCPA was enacted to prevent consumers from racking up large amounts of debts, than filing bankruptcy to avoid repayment. However, the strict provisions have made it difficult for individuals who require debt relief caused by mounting medical bills and inflated mortgage payments.
Real Estate Investing article on "New Bankruptcy Laws "
October 23, 2008
Beneficiaries
Beneficiaries refer to people who are entitled to assets owned by a person who has died. Beneficiaries typically include spouses, children, and direct lineage heirs such as sisters and brothers. Organizations such as charities or educational institutions can also be designated beneficiaries.
Anyone can be named as beneficiaries on property titles to real estate, automobiles, recreational vehicles, motor crafts and financial holdings such as bank accounts, retirement accounts and life insurance policies.
Real Estate Investing article on "Beneficiaries"
October 20, 2008
Bankruptcy Attorneys
Bankruptcy attorneys specialize in helping individuals and business owners obtain relief from debt. The new bankruptcy laws implemented in 2005 caused many bankruptcy attorneys to turn to new areas of law. Reason being the Bankruptcy Abuse Prevention and Consumer Protection Act has made filing bankruptcy so difficult many attorneys opted out of the profession.
Bankruptcy attorneys who continued in the field are now charging considerably higher fees. BAPCPA requires considerable documentation, administration of the 'means' test to determine clients' eligibility, and strict deadlines to adhere to. The process is complex, time-consuming and requires considerably more man-hours.
Real Estate Investing article on "Bankruptcy Attorneys "
October 12, 2008
How to File Bankruptcy
Are you confused about how to file bankruptcy? You aren't alone. The new bankruptcy laws enacted in 2005 have created a tremendous amount of confusion and complexity. The Bankruptcy Abuse Prevention and Consumer Protection Act implemented strict rules and regulations, making it difficult to file personal or business bankruptcy. BAPCPA stipulates all debtors must engage in credit counseling prior to petitioning the court for bankruptcy protection.
Understanding the intricacies of how to file bankruptcy generally requires the services of a qualified bankruptcy attorney. While hiring a lawyer is not required by law, few people possess the fortitude to undergo the bankruptcy process on their own. The complexities of BAPCPA could place debtors who file without legal representation at risk for having their petition rejected