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Could You Benefit From Business Bankruptcy?

It’s not something that any entrepreneur probably thinks about as they build their first enterprise: the thought of filing for business bankruptcy. And yet, thousands of businesses, large and small, take this route to get a financial fresh start. While it’s great to have optimism and enthusiasm for the future of your business, it’s also important to know that…

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Get These Documents in Order Before Your Child Goes Away to College

There are three important legal documents that parents should have in place before their college student leaves for or returns to school. Once a person reaches the age of majority, his or her parents are no longer entitled to access medical records, financial information, or make decisions on their child’s behalf.

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5 Red Flags that Indicate a Problem with Your Estate Plan

Although it is easy to consider an estate plan a sealed deal once it is completed, one that has not been updated in a while may need to be reviewed for red flags that might indicate it’s out of whack. A plan that is not updated to reflect family and life changes, current laws, or newly acquired assets can…

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Debt Is Piling Up: Will Americans Make It Out Alive?

About 68% of Americans wonder whether they will ever become debt-free, and while debt from credit cards, mortgages, medical bills and even student loans continues to pile up, a few simple strategies can help consumers make it out of debt alive.

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Careful Estate Planning Can Help You Qualify for Medicaid

Careful estate planning can help older or disabled individuals obtain eligibility for Medicaid without depleting their assets, preserving some or all of their wealth while helping them avoid penalties. While the creation of trusts is an attractive solution for many Medicaid applicants, only certain types of trusts are effective for avoiding asset limits, and specific rules apply.

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Trusts and Wills: Why You Need Both

Individuals should consider creating both a trust and a will to help ensure that all of their assets are protected and distributed in accordance with their wishes. While a will alone offers a number of benefits, the documentation becomes public information upon a person’s passing and a will is subject to probate, which can be extremely costly sometimes.

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Does Bankruptcy Affect a Settlement Award?

The disbursement of settlement proceeds may be significantly impacted for individuals who have filed personal injury claims before filing for bankruptcy or throughout an open bankruptcy unless they take certain steps to preserve their settlement funds. Taking the following steps can help ensure that individuals have more control over their settlements, preventing unwanted circumstances from negatively affecting them.

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What Happens to a Reverse Mortgage After Death?

When the owner of a home with a reverse mortgage dies, the heirs are on the hook for the full loan balance and any interest that’s accrued over the life of the loan term. The lender will expect a quick repayment regardless of whether the beneficiary plans to live in the home or not.

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