Filing for Bankruptcy Is Legal, But It’s Also Deeply Personal. Filing for bankruptcy is more than just a **bankruptcy process** or a stack of forms. It’s you, your family, your business, and your future on the line. On paper, it’s about **declaring bankruptcy** under a specific chapter. In real life, it’s about sleepless nights, constant…
Probate and Estate Administration Making Estate Administration and Probate Simple I can help you deal with probate of a will in a decedent’s estate. Handling the affairs of someone who has dies is not an easy process. I can take you through the steps necessary to have a will officially recognized. Next, I will assist in…
THE FEDERAL EXEMPTIONS AS ESTABLISHED BY CONGRESS Certain property which falls within the description of property of the estate is exempted either by exemptions established by the U.S. Congress, called Federal Exemptions, or by exemptions established by states, called State Exemptions. in some states Debtors are free to choose either the Federal or the State…
Statutory limitation of liability is not absolute The limitation of liability of business owners and professional practitioners created by statute for corporations, limited liability companies, professional partnerships, and limited partnerships, differs from state to state and can be pierced under a variety of circumstances. The choice of a state usually constitutes a choice of the…
Estate tax: value closely held business Date: The valuation date is the date of the decedent’s death. An alternate date six months later may be elected but only if it decreases both the estate and the tax. If an alternative date is used, that date will be used for all assets of the estate. The…
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