When estate planning, the issue of power of attorney can arise and is one of the crucial decisions you will make aside from where your property goes. Washington State will govern distribution if you do not have an estate plan. A Lynwood estate planning lawyer at Bountiful Law can help you through your estate plan and choose the best…
Moving to the United States is a big step for anyone, and you must use all the proper channels to start your foundation and life. The citizenship process is challenging, and you need legal guidance from a Lynwood immigration lawyer at Bountiful Law to ensure you get it right the first time. Do You Have These Requirements? The United…
If you are filing for bankruptcy, you have two different options, depending on your income level. In a Chapter 13 bankruptcy, you will be able to restructure your debt. In a Chapter 7 bankruptcy, you will be able to get a complete discharge of some of your debts. A discharge means that certain debts (for example, student loan debts…
A contract is a legally binding document that gives you both legal rights and obligations. However, you are usually bound by the exact language used in the contract. Here are some common mistakes that people make when agreeing to a business contract. One of the biggest errors is not getting everything down in writing right away. While an oral…
Estate planning lawyers will always describe the difficulties of the probate process, and it is not a marketing tool. There is a reason why you may be better off avoiding probate, and it starts with a lower stress level for your family. Most estates will need to go through probate, although there are some exceptions. Even if the estate…
When you go through a Chapter 13 bankruptcy plan, you must make payments toward your debts, albeit under a more forgiving timeframe than you had before, with debts being reduced. You are getting a restructuring as opposed to wiping the slate clean. What you are really getting is breathing room and protection that can allow you to work your…
The estate tax is a significant potential expense that could force your heirs to pay much of the money that you worked hard to save and invest to the government. Families that have large estates need to plan in advance to minimize the impact of this tax. Not every family needs to pay federal estate taxes. In fact, most…
The elections and designations that you make as part of your estate plan remain binding until they are changed by you. Unless you update your estate plan as necessary, you could be stuck with old designations and experience unintended consequences. There are various situations that could require you to update your estate plan. You or a family member could…
For many people, one of the main goals of estate planning is avoiding probate. Probate is the process through which a person’s estate is administered after they pass away. It often involves court hearings, lawyers, accountants, appraisers, and other services and procedures that cost money. Fortunately, through careful and comprehensive estate planning, many people can avoid having their estate…
Bankruptcy is a complicated legal process. If you have started researching whether you may be able to benefit by filing, it’s likely that you have come across the term exemptions or read that certain property may be treated as exempt. But what exactly does it mean for an asset to be exempt? Read on to learn more. To discuss…
