When you file for bankruptcy, you expect that your money troubles will finally be over, or at least under control. What you do not expect are creditors sending their lawyers to your bankruptcy hearing to argue for money owed. While this only happens in a very small percentage of bankruptcy cases, it does happen. When it happens to you, here is what you should do next.
Refer ALL Calls from These Creditors to Your Lawyer's Office
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If you're looking to pass on wealth and assets to future generations, you'll need the assistance of an estate planning professional that can assist you. You'll want to understand the advantages that come with a trust, in addition to learning how you can put one together in a manner that makes it legally binding. To this end, read below and follow these suggestions to make the most out of getting a living trust:
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While most people think of the finality of a last will and testament, they may not realize how these important documents should change when their lives change. A will is not something set in stone that should be forgotten about as your life goes on; rather, it should reflect every new important change, in real time.
1. When You Marry Or Divorce
No matter what age you are when you marry or what the value of your assets may be, if you don't update your will at or before major life events, and you unexpectedly pass away, your entire family (from any and all marriages affected) could be thrown into chaos.
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Making the decision to start your own business is a major step that can lead to a great future financially. Depending on which type of industry you intend on getting into, you might want to hire a business lawyer to assist with a few things. If you start a business without knowledge of the laws in your area, it can lead to you facing a few stumbling blocks that can cause a lot of stress.
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In Texas, everything is different from many of the other states in the Union. In fact, most residents of Texas view themselves as separate from the rest of the country, similar to how Quebec has tried to secede from Canada several times. With Hurricane Harvey hitting, the residents are probably very thankful they have never tried to secede from the Union. Nonetheless, it should be noted that workman's compensation laws there are equally as different.
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