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Probate Law

The Ultimate Guide to Choosing a Trust & Trust Attorney

A well-rounded estate plan can ensure that your loved ones are properly cared for when you’re no longer around. A key part of this is the creation of a trust, which allows you to name trustees and set out how you want specific assets held within that trust to be administered and distributed. This can help your family avoid the costly and time-consuming probate process. It can also reduce taxation of your accumulated wealth. Our Chicago trust lawyers will work with you to create an estate plan that best fits your unique circumstances.

Often, a trust will contain real property, such as your home or other real estate, that you wish to leave to family members or other beneficiaries upon your death. A revocable trust can give you the option to continue managing these assets during your life, while an irrevocable trust will immediately transfer control of those assets to a trustee upon your death. The legal team at Peck Ritchey, LLC will discuss the ramifications of each option with you so that you can make the decision that is right for your family.

In addition, trusts can be used for other purposes, such as reducing federal estate taxes and providing a stream of income for beneficiaries during your lifetime. Our lawyers can help you establish a trust that is tailored to your specific needs, whether it is to protect certain assets, avoid the probate process or provide for special needs individuals.

When you die, your family will need to deal with the distribution of your accumulated wealth, which can be challenging for even the most careful and experienced of individuals. If you don’t have a will, your family must go through the expensive and time-consuming process of probate to distribute your property. If you have valuable or complex assets, this can be even more complicated.

Our attorneys will draft a will that meets your needs, distributing your assets to the right heirs and ensuring that your wishes are carried out as you intended. They can also review existing trusts to ensure that they are in accordance with the law and your current circumstances.

An experienced Trusts & Estates Attorney can assist you with all types of probate and trust administration matters. This includes defending or prosecuting a will contest, pursuing or defending a surcharge action against trustees and addressing issues such as the validity of a trust or the alleged misappropriation of estate assets.

Our attorneys will help you preserve your wealth and make sure that your loved ones are taken care of after you’re gone. They will work closely with you to develop an estate plan that takes into account your objectives, family relationships, charitable inclinations and the relationship of federal and state estate tax, gift tax and generation skipping transfer tax laws to create a customized solution that is right for your family. Contact us today to schedule a consultation. We serve clients throughout the Chicago area.

Family Law

Choosing a Chapter 13 Bankruptcy Attorney

If you have been up to your neck in debt and are looking for a way out, then you may be interested in filing for bankruptcy. If this sounds like you, then you may want to consult with a Phoenix Arizona Chapter 13 Bankruptcy Attorney who has the experience and knowledge of the law needed to help you through this difficult process.

You will need to complete credit counseling and meet certain income requirements before you can file for bankruptcy. You also must show that you can afford to pay your creditors a portion of what they owe. This is known as the means test.

Your debts, assets and expenses will all be evaluated by your bankruptcy attorney to determine the best repayment plan for you. This plan will determine how much you can pay to your creditors each month, and whether you can keep your property.

It is important to choose a lawyer who will work hard to protect your interests and get the best results possible. A good lawyer will make sure you understand all of the laws and requirements involved in bankruptcy and ensure that your plan is filed on time.

Chapter 13 is a reorganization bankruptcy that allows you to keep your assets and repay your creditors over three to five years. It can also eliminate certain liens and reduce your principal balance on secured debts, such as a mortgage or home equity line of credit (HELOC).

A Chapter 13 lawyer will create a plan that meets the requirements of the court and works for you. This plan may include a payment schedule that will allow you to catch up on missed payments and avoid the threat of foreclosure or repossession.

The bankruptcy attorneys at Ascend Bankruptcy Help in Phoenix are experienced and knowledgeable. They will take the time to listen to your needs and provide you with information and advice. They will also explain the legal processes and help you understand how the bankruptcy process will affect your life.

They are committed to helping you regain control of your finances and live a life free from debt. They have a proven track record of helping their clients find the best solution for their financial situation.

We know that dealing with financial stress is a major concern for most people, and we are here to help you through this difficult process. Call our office today for a free consultation and see if you qualify for Chapter 13 bankruptcy.

You can learn more about this type of bankruptcy by reading the Bankruptcy Code, talking to an experienced Phoenix Arizona bankruptcy attorney, or visiting our website. We have a full library of articles that can help you decide if this is the right option for you.

How Much Can I Save in a Chapter 13 Case?

A Chapter 13 case is a long-term debt relief process that can be successful for many debtors. However, it is not for everyone. You must have enough disposable income to repay your creditors and make monthly payments on your new plan. You must also have sufficient assets to cover the costs of filing and administering your new plan.

Family Law

Divorce Filing – Tips For Filing For a Divorce

It can be a very stressful and emotional process to go through a divorce. You will need to consider how it will affect your financial future and your emotional health. If you are considering divorce, you should speak with a qualified North Carolina family law attorney before deciding to file.

A divorce is a court order that terminates a marriage. There are many reasons why a couple chooses to end their relationship. Some of the most common reasons include money or financial concerns. For instance, a joint bank account may be more susceptible to overuse if one spouse files for divorce. For more information about how to file a divorce just click this link https://www.thedivorcelawyersdallas.com/.

The first step in the divorce process is to file a petition. This will give the court important information about the parties, assets, and children. Divorce petitions also include requests for spousal support, child custody, and division of debts.

After the divorce petition is filed, a judge will begin the legal process. When the divorce is finalized, you will be entitled to a divorce decree. Although a divorce is a very emotional and confusing experience, there are ways to make the process less stressful. Here are some tips for filing for a divorce.

One of the most difficult parts of the process is figuring out when to file. There are various forms to fill out, and each state has different rules and requirements for pleadings. Most counties have their own rules, and you may need to hire a lawyer. While it is possible to do some of this on your own, you should consider hiring a lawyer to ensure your rights are protected.

You can also hire an assistant to assist you with the legal paperwork. These people work under the supervision of a lawyer, and you will pay a fee for the service. However, you should be aware that not all lawyers offer this type of service. In fact, the vast majority of lawyers only help clients who have a significant financial stake in the divorce.

Whether you choose to seek legal counsel or to go it alone, the process is not easy. Not only does it involve filling out forms and determining where to file, but it can be very expensive and time-consuming. Even if you do not have an immediate financial concern, you should still consult with an experienced lawyer. An attorney will be able to talk you through your options and advise you about your rights.

If you have children, the process can be even more complicated. There are different laws that govern when a child’s custody and visitation will change after a divorce. Also, domestic violence can have a huge impact on alimony and child support payments.

If you are in the middle of an abusive relationship, you may fear that your partner will find out about your plans to get a divorce. In this case, you should consider asking for a protection order before you file for a divorce.

Many states have waiting periods before a divorce can be finalized. For example, in North Carolina, you will need to wait at least six months to be eligible for a divorce. Other states require you to have lived in the state for a certain amount of time before you can file.