Bankruptcy is a complex legal process that can have a significant impact on your financial future. When navigating the ins and outs of bankruptcy, it's crucial to have a skilled and trustworthy attorney by your side. But what makes the attorney-client relationship so important in bankruptcy cases?
Bankruptcy is a legal process that can be thought of as a financial reset button. It's a way for individuals or businesses to get relief from their overwhelming debts and start fresh. Essentially, it's a legal declaration that a person or organization is unable to pay off their debts, and they're seeking assistance from the courts to restructure or discharge their obligations. While the word "bankruptcy" might conjure up images of financial ruin and failure, it can actually be a powerful tool for those who need it most. It's not about giving up or admitting defeat; it's about taking control of your financial situation and finding a path toward a brighter financial future.
What do you get when you mix a lawyer, a financial advisor? - it's an estate planning attorney! These skilled professionals possess a magical ability to help individuals plan and protect their assets for the future, all while navigating the legal and financial complexities of the process.
An estate planning attorney is a legal professional who specializes in helping individuals and families plan for the future. They possess a wealth of knowledge and expertise when it comes to navigating the complex world of financial and legal matters, such as wills, trusts, and tax implications. Think of them as a personal guide who can help you craft a solid plan for your assets, so you can rest easy knowing that your loved ones are taken care of in the event of your passing.
Original Article Source Credits: NerdWallet , https://www.nerdwallet.com/
Article Written By: Liz Weston
Original Article Posted on: Oct 21, 2020
Link to Original Article: https://www.nerdwallet.com/article/finance/bankruptcy-best-option
The Eighth Circuit Court of Appeals issued an opinion on February 5, 2021 that should be of concern to anyone who has put into place a transfer on death deed
The name of the case is "Strope-Robinson v. State Farm Fire & Cas. Co." and is case number 20-1147.