Virginians who have yet to craft even a basic estate plan should consider the various reasons why it is beneficial to do so. This is true for people of any age. Many people ignore the reality of needing an estate plan. This can cause problems for their loved ones if the person becomes incapacitated or passes on without a plan in place.
Ignoring estate planning is a mistake many people make
Two major kinds of bankruptcy for Virginia individuals
People in Virginia who are struggling to make payments on their debts might consider filing for bankruptcy. There are a number of factors they should consider before they file, including the total amount of debt, types of debt and income levels. For most individual filers, there are two types of bankruptcy that might work to discharge their debts: Chapter 7 and Chapter 13.
Few Americans have estate plans in place
Many Texas residents agree that it is important to plan for the future when it comes to protecting their assets and making sure their loved ones are taken care of. This is in harmony with recent surveys showing that the majority of Americans understand how important estate planning is, but few actually have a plan in place.
