Daily Archives April 15, 2015

Taking Control; Safeguarding the Distribution of Y

Taking Control; Safeguarding the Distribution of Your Assets by Making A Will

by: Miss Janine Byrne

The Importance of Making a Will
A valid will is one of the most important documents you could ever put your signature to, as the consequences of failing to make a will before you die can have far-reaching effects on the people you care about most. Despite the importance of this legal document, it is still the case that only 3 out of every 10 people make a will mainly due to lack of awareness as to why a Will is needed.
The 3 most important reasons why a Will should be made are;

Simplifying Administration Process
Intestacy & Distribution of Assets
Inheritance Tax

1. Simplifying the Administration Process
Before a deceased person’s estate can be distributed to various individuals a grant of...

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What Qualifies As Wrongful Death Litigation?

What Qualifies As Wrongful Death Litigation?

by: Granny’s Mettle

In many cases, victims are usually unable to file a lawsuit themselves, especially when that person is already deceased or suffered huge injuries. In a wrongful death case, personal representatives of the estate of a deceased person are allowed to file a lawsuit against those responsible for the victim’s death. Liability may often arise for both negligent and intentional acts of the person responsible.
Damages that may be recovered in wrongful death cases typically include medical, hospital, funeral and burial expenses. Compensation for the victim’s pain and suffering are also covered, during any period when the victim was conscious from the time of injury and death.
Losses incurred by the spouse, children, or next of kin of ...

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Bankruptcy Myths Busted

Bankruptcy Myths Busted

by: Bk Home

The average American knows very little about bankruptcy. Most people probably are aware of bankruptcy’s ability to dissolve debt and give the debtor a fresh start. Some of the information you might have heard is correct, but some is not. The purpose of this article is to dispel some of the most common bankruptcy myths.
1. Even if I file for bankruptcy creditors will still harass me and my family.
This is absolutely false. Bankruptcy law provides for an automatic stay. Simply, as soon as you file for bankruptcy a hold is put on all your outstanding debts and any creditor attempts to collect those debts. The law prohibits a debtor to attempt to collect, possess, or even contact the debtor in regard to the debt...

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The Top 10 Scams for 2001

The Top 10 Scams for 2001

by: Audri and Jim Lanford

Excerpt from Internet ScamBusters ™ The #1 Publication on Internet Fraud
Scams on the Internet are growing — and with the vast selection, it was hard to only choose ten. We’ve tried to soften this list with a bit of humor. But please don’t let the humor make these scams seem any less serious than they really are.
Some of these scams are very dangerous.
A word of warning, so to speak. These aren’t ranked by dollars lost or people scammed. There’s nothing scientific about the list. It’s just the ten scams that we find the most disturbing.
You’ll note that most of these involve spam. There’s a reason for that. The mentality of a spammer is exactly the same kind of mindset as a con artist.
As we always say: “If it’s spam, it’s scam.”
Here are...

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Your Yearly Living Trust Review

Your Yearly Living Trust Review

by: Jeffrey Broobin

Some time ago, Congress made certain changes to the estate taxes. As a result of the changes, effective January, 2004, the tax free amount increased to $1,500,000. (Back in 1997 it was $600,000.) This allows a married couple to leave a minimum of $3,000,000 tax free.
Your Living Trust does not need to be changed to incorporate these changes.
However, there are other developments which might be appropriate to consider.
1) You might want to consider a Dynasty Living Trust. The advantage of using the generation skipping tax exemption is greater during the grantor’s lifetime...

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