In times of overwhelming financial distress, individuals may find solace in Chapter 7 bankruptcy as a viable solution to their economic challenges. This legal process, also known as liquidation bankruptcy, offers a fresh start by discharging most unsecured debts. 1....
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Month: November 2023
What happens to estate tax exemptions at sunset in 2025?
To keep up with inflation, the IRS has been increasing estate tax exemptions yearly as part of the Tax Cuts and Jobs Act (TCJA) that took effect in 2017. These increased exemptions are only temporary and are set to expire at sunset in 2025. The big question is, how...
Estate planning 101
Estate planning allows you to secure your future and ensure that your executor will distribute your assets according to your wishes. It involves making important decisions about your property, finances and healthcare preferences. There are steps that you should take...