Geneva Estate Planning And Bankruptcy Blog
Asking ‘what if’ when writing a trust
One of the most important things you can do while setting up a trust as part of your estate plan is to ask “what if” questions about the future. These questions can help you plan accurately for your children. For instance, you may be considering an incentive trust on...
Don’t neglect estate planning as a new parent
Your children count on you to support them throughout the time they live at home. They usually don’t worry about what’s going to happen to them if you and their other parent both pass away, but this is something that you need to consider. As their parent, you have the...
Do your kids inherit your debts when you die?
If you have a lot of debts, you’re far from alone. The average American household now has a debt load of $137,063 -- and that’s probably not going to change any time soon. For people who are in their senior years, that often leads to a lot of worry about what happens...
Drop in job postings shows that bankruptcy could be coming
It’s been a tough couple of months for the economy, and many people are out of work. It’s hard to find new jobs or bring home any sort of income at all. That may mean that a lot of bankruptcy filings are on the way if the economy does not recover quickly. You can...
Should you seek bankruptcy for credit card debt?
At this time a few months ago, you were very happy with your finances. You were carrying a few thousand dollars in debt, but you had also gotten a wonderful job that made making payments (and payments of more than you owed) possible. Then, you went to work one day and...
Do not wait until you’re older to do estate planning
One of the most common things that people say, when asked when they are going to do their estate planning, is that they’re just going to wait until they’re older. They feel like the time isn’t right. This can happen to all age groups. Maybe it’s a newly married...
Why bankruptcy may be your best hope
Oh, the shame. Imagine what people will say when they find out you are bankrupt. There is a stigma attached to bankruptcy, but there shouldn’t be. Read the news, millions of people like you are losing their jobs, all across the world. Big-name companies are on their...
Can bankruptcy stop foreclosure?
You start getting foreclosure notices in the mail. It’s no surprise. You lost your job and have not been able to make your mortgage payments. When you tell one of your friends that you are worried you’re going to lose your home, they tell you to file for bankruptcy....
Can you keep your home if you go bankrupt?
When financial pressures mount, the anxiety you feel can quickly escalate -- especially if you’re worried about losing your home. You think bankruptcy may be your only solution, but you hate the idea of giving up the home you’ve loved, tended and lived in for years....
Understand how bankruptcy might impact you
Life’s circumstances sometimes aren’t the best. When your money is impacted by things out of your control, you might feel helpless. You know that your bills need to be paid, but you don’t have a way to make that happen. Your focus then becomes making sure that you’re...
