When you start having issues with credit card debt, they can start to feel like a scam. Say you can’t afford to pay off the entire balance. The fees are large enough that just paying them off is all you can manage the next month. This process repeats itself over and...
When you’re considering setting up trusts, something you may want to consider is an irrevocable trust. Irrevocable trusts have a few benefits that you may not see with others. Why? When you create an irrevocable trust, you’re taking assets out of your hands. That...
When you realized that you weren’t going to be able to catch up on your bills, it upset you a lot. You felt like you were a failure and that you would always be struggling with debt. You should know that most people go through a situation like yours at one time or...
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...
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...
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...
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...
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...
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...
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...
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