A new year brings with it the promise of forming new habits aimed at becoming happier and healthier. These resolutions usually revolve around physical fitness and fiscal responsibility. One of the items you need to tackle is your estate plan. If you have estate...
The Day Law Office
How can I control spending during the holidays?
Now that the holiday season is in full swing, many people in Florida are hitting the malls in search of that perfect gift for friends and family. While you’d naturally want to lavish your loved ones with presents, if you’re facing financial instability...
Are you eligible to file for Chapter 13?
If you are familiar with U.S. bankruptcy law, then you probably understand why Chapter 7 cases are the most popular form of personal bankruptcy. They offer the chance to have debts be discharged, allowing one to get back on their feet in Hernando County (financially...
Stopping foreclosure with a Chapter 13 bankruptcy
Most in Hernando County may assume that when one files for bankruptcy, their debts are discharged and they are no longer required to pay for them. This is indeed what happens in a Chapter 7 case, and there is good reason behind this popular assumption; indeed,...
3 methods of reducing estate tax
When you create your estate plan, chances are, one of your priorities involves maximizing the amount of money you get to leave behind for your loved ones. While there are many different steps you can take in your efforts to do so, one way you can increase the amount...
Important estate planning considerations amid divorce
Divorce can throw your entire life into a tailspin, potentially affecting everything from your home address to the amount of time you get to spend with your children. Your financial situation and your estate planning needs are also likely to change when you...
What are the required components of a will?
Having a will allows you to dictate what you want to happen with your personal property and assets after your death. It also allows you to manage care for pets and minor children. Creating a will in Florida is not too difficult. However, you must ensure that any will...
Reviewing the cost of probate
We here at often see clients who have recently had loved one pass away in Hernando County and are now fearful about having to deal with the probate process. As you have delved deeper into your own estate planning, you have probably heard...
How can credit counseling affect a bankruptcy case?
Like many in Hernando County, you may be surprised at being asked to go through credit counseling prior to seeking personal bankruptcy. The reason for this requirement is three-fold; first, according the Administrative Office of the U.S. Courts, it is a federal...
Having a will does not mean you avoid probate
There are a lot of myths and misconceptions about estate planning. One misunderstanding is that having a will helps you avoid probate. However, the truth is, having a will does not mean you avoid probate. In fact, the assets in your will go through the probate...