Chapter 7 Bankruptcy – A Quick Review
[vc_row content_placement=”middle”][vc_column offset=”vc_col-md-11 vc_col-xs-12″][vc_column_text] What is Chapter 7 Bankruptcy? Chapter 7 is the most common form of bankruptcy, where debtors can discharge almost all their debt while protecting important assets. Chapter 7 can only be used if your income is below a certain threshold, or, if pass the “means test.” Eligibility is calculated on your […]
Black & LoBello on AM720 KDWN
Listen to the Legal Hour on KDWN AM720 from September 4th, 2013 in which Jeffrey J. Whitehead, Esq. discusses the costs of probate (1:30)(4:15), estate planning (3:00)(17:30), forming a trust (7:30), changing an estate plan (13:20), a trust as a contingent beneficiary (15:45), contesting a trust (18:30), successor trustees (24:30), POD viagra lawsuits won in court […]
Chris Phillips talks Guardianship on KLAV AM 1230
Click here to listen to Mr. Phillips defines Guardianship, how it is achieved through the courts, and what affects it has over the parties involved.
What are some options when forming an estate plan?
Nevada Probate Basics
What would happen to your assets if you died today? A proper estate plan can be the difference between an efficient, expeditious, and inexpensive distribution of your estate and an administration that takes years and costs tens of thousands of dollars. In Nevada, there are several mechanisms that can be implemented to avoid the expense […]
6 Mistakes to Avoid On The Eve Of Bankruptcy
The months and days leading up to a bankruptcy filing can make or break your financial future, and possibly stop you from being able to file for bankruptcy. The following six (6) mistakes must be avoided if you are thinking of filing bankruptcy: Retirement Accounts Borrowing against or cashing in your retirement accounts to try […]
What is the Meeting of Creditors?
Between thirty (30) and forty (40) days after filing your bankruptcy petition, the randomly assigned Chapter 7 Trustee will hold a meeting of creditors. During this meeting, the debtor is placed under oath and the Chapter 7 Trustee along with any creditors that attend may ask questions regarding your bankruptcy petition. You MUST attend this […]
Reasons for Initiating Probate
The probate process begins after a family member dies and someone, either the executor of the will or a family member, initiates proceedings in probate court. There are certain reasons why an estate would need to be probated. First, property that is owned solely in an individual’s name must always be probated. This applies even […]