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Tag: Wilkes-Barre

Operating as a Sole Proprietor

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Operating as a Sole Proprietor you own your business assets and personally operate your business. You are treated as one with the business for tax purposes. A sole proprietor is personally liable for the contracts and activities of the business. Your personal and your business assets are exposed to all personal and business liabilities. If […]

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What is Probate of a Decedent’s Will ?

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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 […]

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The 341 meeting

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The 341 meeting The debtor must appear and submit to oral examination, under oath, at a meeting of creditors convened (called brought together and conducted) under section 341 of the Bankruptcy Code. The meeting is convened (called and brought together and conducted) by a trustee appointed by the Office of the United States Trustee, a […]

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Estate Tax: husband and wife

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ESTATE TAX Husband and wife: For a husband and wife, there is an unlimited marital deduction available that will allow property of the first spouse to die to pass to the surviving spouse without the payment of estate tax, thus preserving the property to support the survivor. To the extent that the assets are not consumed, […]

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Avoiding liens

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Avoiding liens A debtor may avoid a lien that impairs an exemption to which the debtor is entitled, if the lien is created by a judicial proceeding such as a law suit or if the lien arises in connection with a loan other than a loan to purchase the property to which the lien attaches. […]

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