Can Creditors Reach Assets in a Living (Self Settled) Trust?
Trust Components A “Trust” has several parts. The person creating the trust is the “Trustor” or “Settlor“. The assets that are placed in the trust are the “res” of the trust. The person that...
View ArticleAre You Stressed and Tired? It might be “Decision Fatigue”.
WHAT DO I DO NOW?!? Posted below is an article that explains how making decisions becomes overwhelming. IN FACT, people that are experiencing financial problems might suffer more than others from...
View ArticleSAME SEX MARRIAGE & BANKRUPTCY: YOU CAN FILE BANKRUPTCY TOGETHER
Same sex married couples can now file joint a bankruptcy petition anywhere in the US Bankruptcy in the U.S. is subject to federal law – the U.S. Bankruptcy Code – and is filed in federal court. That...
View ArticleWhat Does the County Say Your Home is Worth? (Clark & Cowlitz)
Real Property Valuation Part of determining the best course of action to resolve a financial issue includes a review of your assets and liabilities. A home is normally a person’s biggest asset....
View ArticleCan One Spouse Be Personally Liable For Debts Incurred By The Other?
The Question If spouse #1 incurs a debt, is spouse #2 liable for that debt. The answer is, of course, it depends. A Little Background: Separate vs. Community Estate Washington is one of nine...
View ArticleRetired With Debt Struggles: Do I Need to File Bankruptcy?
Retired With Debt: Do I Need To File Bankruptcy? In most cases, when a person retires, their retirement income is less than their prior working income. Unfortunately, existing creditors still want to...
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Vancouver Estate Planning Basics
It’s not comfortable contemplating your mortality. One thing that helps with coming to terms with death is making sure our loved ones are all cared for even after death. It should give you comfort...
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What is a Last Will and Testament?
A last will and testament is a legal document under estate planning which will have the effect of determining who will be your successor, beneficiaries, or heirs when you die. The will also gives you...
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Your Estate Plan: Looking Into the Definition of Estate
Inheritance accounts for a significant proportion of wealth, both within the United States and throughout many other parts of the world. What heirs inherit, in a way, contributes to inequality because...
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Looking Into Revocable Living Trusts
A lot of people decide to set up a trust because they want their wealth to continuously grow for the next generations. This is essentially done by appointing trustees who will manage and administer the...
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Are You Stressed and Tired? It might be “Decision Fatigue”.
WHAT DO I DO NOW?!? Posted below is an article that explains how making decisions becomes overwhelming. IN FACT, people that are experiencing financial problems might suffer more than others from...
View ArticleSAME SEX MARRIAGE & BANKRUPTCY: YOU CAN FILE BANKRUPTCY TOGETHER
Same sex married couples can now file joint a bankruptcy petition anywhere in the US Bankruptcy in the U.S. is subject to federal law – the U.S. Bankruptcy Code – and is filed in federal court. That...
View ArticleClik here to view.
What Does the County Say Your Home is Worth? (Clark & Cowlitz)
Real Property Valuation Part of determining the best course of action to resolve a financial issue includes a review of your assets and liabilities. A home is normally a person’s biggest asset....
View ArticleCan One Spouse Be Personally Liable For Debts Incurred By The Other?
The Question If spouse #1 incurs a debt, is spouse #2 liable for that debt. The answer is, of course, it depends. A Little Background: Separate vs. Community Estate Washington is one of nine...
View ArticleRetired With Debt Struggles: Do I Need to File Bankruptcy?
Retired With Debt: Do I Need To File Bankruptcy? In most cases, when a person retires, their retirement income is less than their prior working income. Unfortunately, existing creditors still want to...
View ArticleClik here to view.
The Basics of Estate Planning
What happens to your hard-earned properties and assets after you die? It is important to make sure that all your finances, assets, bank accounts, life insurance policy benefits, real estate properties,...
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Wills and Trusts: What’s the Difference?
What will happen to your hard-earned properties and assets when you die? It is important to make sure that all our assets, bank accounts, finances, life insurance policy benefits, real estate...
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Trust vs Will: Which is Better?
We live in uncertain times. It’s alarming how many lives are lost from climate change and COVID-19. Now is the time to think about how to provide your hard-earned assets to your loved ones. That’s...
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Why Trusts are Better Than Wills
A last will and testament is an estate planning document that can allow you to determine how your estate assets are to be distributed. Additionally, it can be used to put into writing how you would...
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Putting Your Estate in a Trust
Why Put Your Estate in a Trust People who want their loved ones to avoid probate when they pass away often look into putting their estates into revocable and irrevocable living trusts. In general,...
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