Header widget area left
Header widget area right

Estate Planning, Debt and Bankruptcy. Oh my!

m3admin
0 comments
Blog

Debt—most people have some sort of debt. That goes without saying some have more than others. Either way, it’s inevitable. What about bankruptcy? It’s certainly more common than you may think, and for several people it’s the best option. You’re probably wondering how do these factor in when you begin your estate planning?

Unfortunate events happen, but there’s a plan to make sure you “cover your bases” before anything like the ones mentioned do.

Estate planning needs to be your first step if you have a family, property and other assets. Depending on how you have your assets set up financially, these could be collected if you pass and leave behind debt, or if you file for bankruptcy. You’ll want to make sure to protect your assets to ensure your family receives what you wish to be passed down.

No one wants to go through a tough battle after hard times like bankruptcy, and especially death. There’s a way to make this process less stressful, and can you peace of mind.

Here are a couple of great readings to help guide you if and/or when these three worlds collide. When you’re ready to make that first crucial step, come see us for your estate planning.

http://www.debtfreecolorado.com/2014/08/07/bankruptcy-retirement-estate-planning/

http://www.cegworldwide.com/resources/expert-team/072-wt-justin-dion-careful-estate-planning-in-bankruptcy

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>