QUESTIONS ABOUT THE ESTATE TAX?

If you have questions about what is going to happen to the Estate Tax for people dying in 2011 and beyond, you are not alone. Just Google “estate tax.” I did, and got 179,000,000 results! In those results were the Internal Revenue Service Frequently Asked Questions on Estate Taxes , a poll being done by the Wall… Read More »

The Massachusetts Probate Process

Probate is simply the court process by which the terms of a Will are carried out by the person named as Personal Representative in a Will. The procedures discussed below are applicable for Massachusetts Estates. Other states may follow different steps. Personal Representative Not Authorized to Act Until the Probate Court Accepts the Will and… Read More »

Basic Steps in a Chapter 7 Bankruptcy Process

The steps below are the basic steps for filing for Chapter 7 bankruptcy relief. Since everyone’s circumstances are different, however, please review the process with your attorney prior to any filings.   Income Qualifies for Chapter 7 – Next Steps   1. Debtor Education: There are two classes that must be completed before getting a… Read More »

Playground for Seniors

Where Seniors (and others) Can Go To Play   London recently opened its first playground for seniors. Playground for SeniorsThe purpose of the playground is to encourage people, seniors and those recovering from surgery, to exercise on the low-impact equipment, without having to commit to a gym membership. According to the article, these types of outdoor… Read More »

Seniors and Bankruptcy

Most people are aware that the number of consumers filing for bankruptcy protection has grown dramatically over the last decade. A report released by the American Bankruptcy Institute simply confirms the numbers. According to a report published in AARP, the fastest growing population filing for bankruptcy protection is people over the age of 50. In 1991, people over… Read More »

Chapter 7 Personal Bankruptcy

Chapter 7 bankruptcy is the type of bankruptcy most people think of when they hear the term “bankruptcy.” It is sometimes referred to as straight bankruptcy or a no-asset case. In its simplest form, a Chapter 7 bankruptcy filing will eliminate almost all of your debts, but may require you to forfeit some of your… Read More »