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What is the Purpose and Benefit of a Special Needs Trust?

A trust is one of the most popular estate planning documents used by Californians. Trusts are preferred for their flexibility, customizable features, and ability to avoid the lengthy probate process, among other facets.  There are many different types of trusts…

Understanding the Means Test in Bankruptcy

Bankruptcy should not be viewed as a bad thing in all situations. For some, bankruptcy is the only viable avenue to a financial fresh start. These filings are an opportunity to lessen the burden debt has on your life so…

Key Differences Between Irrevocable and Revocable Trusts

When you start making important decisions regarding your estate, you may be overwhelmed by the variety of options available to you. The choices you make during this process can have significant consequences for family relationships, taxes, and the management of…

chapter 13 bankruptcy explained

Chapter 13 Bankruptcy Explained

Chapter 13 is a different approach to bankruptcy, because those who file create a repayment plan based on their income. Rather than erasing their debt, they restructure it to fit their existing financial needs. There are many benefits to filing…

Bankruptcy 101: The Role of the Trustee

While filing for bankruptcy is made as simple a process as possible for a person whose debt has become unmanageable, things behind the scenes are a little more complex. When a person files for bankruptcy, a debtor’s assets are turned…