Your expectations for the future can drastically change at a moment’s notice. This can make it difficult and even uncomfortable to plan for the future you cannot predict. While the world is always changing, there is something that you can be comfortable knowing – your...
Year: 2020
Life after bankruptcy
Filing bankruptcy of any kind is often a hard pill to swallow for many. Generally, by the time a person has made up their mind to file, the debt battle has been fought for many hard years. Whether due to unforeseen circumstances, bad choices, or some catastrophic...
Exemptions provide financial stability post-bankruptcy
Even during a strong economy, many Americans are only one unfortunate event away from financial instability. This event oftentimes arises from the onset of an unexpected medical condition that requires extensive treatment or the loss of a job. But a divorce can also...
Components of a valid will
Knowing what it takes to make a will valid is an essential part of the estate planning process. Because of the critical role a will plays in a comprehensive estate plan, it is important that any will executed by the estate planner is valid so it can protect and honor...
Estate planning updates: 3 reasons to act
Estate planning does not last forever in many cases. If you do it well before you need it, don't assume that the plan will stand the test of time. It may need to get updated. The truth is that life changes, sometimes dramatically, and your plan needs to change as...
What debtors need to know about their rights
According to a 2018 study, the average person in the United States has $38,000 in debt not including a mortgage. Virginia residents who are unable to pay a debt balance may receive phone calls from creditors or agencies. While it may be stressful to receive those...
Bankruptcy may provide protection from collection agencies
Many Virginians struggling with overwhelming debt face creditor calls, collection letters and threats of lawsuits. This situation may encourage people to file for personal bankruptcy. After all, filing for Chapter 7 puts an automatic halt to any efforts to collect the...
Are you too young to consider estate planning?
As a young adult, your major concerns until recently may not have revolved around what would happen to you, your assets or your family in the event of your death. After all, you, like most young Virginia residents, likely believe that you have decades of life ahead of...
Trusts can provide greater protection
When Virginia residents think about their mortality, they often want to make sure that their assets can be disbursed according to their wishes. They also frequently want to pass on the vast majority of their assets to their heirs, rather than seeing a large portion...
Debt reduction should prioritize interest and not payments
Tens of millions of people in Virginia and around the country are struggling with overwhelming debt. Many Americans begin taking on debt as college students and continue to borrow throughout their lives, and making the monthly payments on their loans and credit card...