“Spendthrift Trusts”: How to protect wealth from your heirs’ creditors

“Spendthrift Trusts”: How to protect wealth from your heirs’ creditors
Proper estate planning involves the protection and preservation of your legacy. Sometimes these goals require limiting an heir’s ability to rapidly deplete their inheritance. Typically, estate planning professionals use “spendthrift provisions” to protect loved ones from poor financial decisions, and...
November 3, 2022
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Buy Now Pay Later Companies are Risky to Work With

Buy Now Pay Later Companies are Risky to Work With
Companies like Affirm, Klarna, and Afterpay are what are known as Buy Now Pay Later companies (BNPL). These companies allow you to purchase items, usually online or through apps, and pay later. That sounds like a good alternative, and a...
October 31, 2022
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Founder’s Story

Founder’s Story
Hi, I’m Jeff Wagoner, and you’ve probably seen me in some of the other videos here on our website or in our video blog. But I wanted to take a couple of minutes and tell you about my background and...
October 21, 2022
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Why Do People File for Bankruptcy?

Why Do People File for Bankruptcy?
People file for bankruptcy for a lot of different reasons. I told someone the other day the story about Tom Petty. In 1979, rock & roll legend, Tom Petty filed for bankruptcy protection to cancel his record contract with Shelter...
September 26, 2022
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Can I Keep My Credit Cards after Filing for Bankruptcy

Can I Keep My Credit Cards after Filing for Bankruptcy
When we prepare bankruptcy paperwork, one of our duties is to make sure that ALL of our clients’ debts are listed. That is true for a Chapter 7 liquidation, or a reorganization like a Chapter 13, 11, or 12. However,...
September 15, 2022
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Hire a Lawyer to Explain Legal Information to You Clearly and Simply

Hire a Lawyer to Explain Legal Information to You Clearly and Simply
I am not a doctor, so I don’t expect to understand medical terminology or read a chart or x-ray. If I needed to understand this information, I would ask my doctor or medical team to explain it to me in...
August 5, 2022
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Bankruptcy is a Form of Asset Protection

Bankruptcy is a Form of Asset Protection
Most people file for bankruptcy protection to eliminate debt or restructure payments into an affordable plan. The ability to get a fresh start or rearrange your budget to make debt servicing affordable is a very reasonable basis for filing. But...
July 11, 2022
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Have a Lawyer Review Your Plan, Save You Money Later

Have a Lawyer Review Your Plan, Save You Money Later
As lawyers, we are used to dealing with complicated situations as things go bad financially for people, farms, and businesses. By the time we meet our clients, they’ve usually exhausted non-bankruptcy options to keep their business or farm going or...
June 7, 2022
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What Happens To My Vehicle Loan If My Chapter 13 Is Dismissed

What Happens To My Vehicle Loan If My Chapter 13 Is Dismissed
Vehicle Loans in Chapter 13 Bankruptcy When a debtor files for Chapter 13 bankruptcy his/her vehicle loan is often paid through the payment plan with the trustee. If the debtor has had the vehicle for at least 910 days before...
May 9, 2022
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Cómo y por qué renunciar a una herencia

Cómo y por qué renunciar a una herencia
La elección de heredar una propiedad no siempre es tan clara como parece. En algunas circunstancias, puede ser preferible “renunciar” a una herencia, o en otras palabras, declinar los derechos sobre los bienes que se suponía heredaban. El proceso para...
May 3, 2022
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