Living Trust Series: The Basics

Posted by on Apr 6, 2012 in Estate Planning, News | 0 comments A Living Trust, as it is commonly referred to, is a method for a person to dispose of their assets without subjecting the assets to probate.  More technically, this is a Revocable Living Trust.  Generally, the donor can revoke the trust and the trust assets revert back to the donor.  A donor can set up the trust and transfer assets into the trust (making it a funded revocable trust).  These...
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The Basics of a Consumer Chapter 7 Bankruptcy, part 2 of 3

Posted by on Mar 1, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments So now that you know what a Chapter 7 bankruptcy is and what it does, invariably the next question on the list is what happens once it is filed? Once your case is filed, it will be assigned to a bankruptcy court trustee and the bankruptcy court will issue an “automatic stay”, which basically requires all lawsuits and collection proceedings against you to stop while your bankruptcy petition...
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