Apr 06

Credit Counseling

Strugging with debt? Credit counseling could provide you with answers.

Credit Counseling is given by a specialist finance expert who reviews your debt and advises you about how to manage your credit most effectively.

Credit counseling involves speaking to your creditors to arrange debt management plans to pay off your debts over a longer period of time, and with smaller replacements.

Credit counselling is free, as credit counselors make money from commissions from recommending debt consolidation products.

You can find out more about credit counselling online.

Nov 05

Wage Garnishment

Wage Garnishment

A garnishment is a means of collecting a monetary judgment against a defendant by ordering a third party (the garnishee) to pay money, otherwise owed to the defendant, directly to the plaintiff.

Wage garnishment, the most common type of garnishment, is the process of deducting money from an employee’s monetary compensation (including salary) as a result of a court order. Such payments are limited by federal law in the United States to 25 percent of the disposable income that the employee earns.

Garnishments can be taken for any type of debt but common examples of debt that result in garnishments include child support, taxes, and any other type of money judgment.

Garnishments are taken as part of the payroll process. When processing payroll, sometimes there is not enough money in the employee’s net pay to satisfy all of the garnishments.

Nov 05

Living Trust

Living Trusts

A living trust is a type of trust created for the purpose of holding ownership to an individual’s assets during the person’s lifetime and for distributing those assets after death.

Living Trusts are used because to allow assets to be passed to heirs without going through probate. Avoiding probate may save some costs, time, and maintain privacy. Living trusts also can be used in planning for the contingency of incapacity.

Despite the advantages, there are also some negative aspects to think about when considering an inter vivos trust. Beneficiaries do not save on estate or state inheritance taxes. Also, they are expensive to set up, and the expense is immediate, not after the grantor’s death.

Nov 05

Money Orders

Money Order

A money order is a type of check intended to provide a safe alternative to sending cash (in the mail). Money orders are typically sold by third parties such as the Postal Service, grocery stores, convenience stores, and financial service companies such as banks.

A money order is purchased for the amount desired, and unlike a personal bank check, they are pre-paid and therefore cannot bounce.

Money orders are generally considered safer for payments from parties unknown to the payee, as opposed to a personal check drawn on the maker’s bank account.

Nov 05

Estate Planning

Estate Planning

Estate planning is the process of accumulating and disposing of an estate to maximize the goals of the estate owner.

The various goals of estate planning include making sure the greatest amount of the estate passes to the estate owner’s intended beneficiaries, often including paying the least amount of taxes. Additional goals typically include providing for and designating guardians for minor children and planning for incapacity.

The tools involved in estate planning include the will, various types of trusts, powers of appointment, various forms of property ownership, gifting, powers of attorney, and a living will.

Nov 05

Individual Retirement Account

Individual Retirement Account

An Individual Retirement Account or IRA is a retirement plan account that provides tax advantages for saving for retirement.

IRAs can be funded with most types of securities, and non security financial instruments. They include collectibles including . IRAs cannot generally hold real estate, valuable coins or bullion and life insurance.

IRAs are not subject to seizure during bankruptcy. However, unlike 401k and 403b account, IRAs can’t be borrowed against. There are some loopholes in the law that will allow you to temporarily withdraw funds, but you will require specialist advice to access these funds.

Nov 05

Medicaid Asset Protection

Medicaid Asset Protection

If you qualify for Medicaid, your assets may still be at risk. Here’s why:

Medicaid in the United States is a program managed by the states and funded jointly by the states and federal government to provide health insurance for individuals and families with low incomes and resources.

Medicaid is the largest source of funding for medical and health-related services for people with limited income. Among the groups of people served by Medicaid are eligible low-income parents, children, seniors, and people with disabilities.

Many firms will provide a free review of your assets and information on how to prevent them from being seized to cover your Medicaid expenses.

Oct 05

Whiplash Claim

A rising percentage of car accidents result in a refund claim based on whiplash.

Four grades of Whiplash-Associated Disorder were defined by Quebec Task Force :

* Grade 1: complaints of neck pain, stiffness or tenderness only but no physical signs are by the examining physician.
* Grade 2: neck complaints and the examining physician finds decreased range of motion and point tenderness in the neck.
* Grade 3: decreased range of motion plus neurological signs such as decreased deep tendon reflexes, weakness, insomnia and sensory deficits.
* Grade 4: neck complaints and fracture or dislocation.

Symptom reported by suffers include: ringing or whistling in the ear, headache, deafness, memory loss, dizziness, jaw joint pain and difficulty in swallowing.

The Quebec Task Force explained that the forces required to cause injury to the neck are greater than those required to cause a stress response.

Oct 05

Child Sponsorship

Child Sponsorship

Child Sponsorship allows you to make a difference to a child in need. When you sponsor a child, you make a commitment to make a specific payment each month, that will go towards the care of the child.

Your child sponsorship donation will provide essentials such as: clean water, nutritious food, healthcare, accommodation and education.

Your donation will also help the child’s family and village.

Many charities that offer child sponsorship will allow you to choose the sex of the child, the continent that you would like to help, and sometimes the country.

You will receive progress reports and photos of the child you sponsor, and it is possible to write to the child and receive replies. If the child is too young to write, a carer or charity representative will write back to you.

Oct 05

Government Auctions

People from countries all over the world are benefitting from government auctions.

Government auctions allow you to buy new, seized and surplus merchandise from the government. Some items are available online by online auction or fixed price.

It is possible to buy homes, cars, boats, airplanes, motorcycles, furniture, designer clothes and jewelry in a goverment auction, for pennies on the dollar.

People with insider information have used their knowlege about government auctions to:

  • Furnish their homes and businesses
  • Provide low cost stock for their business
  • Find high-demand luxury products to sell on ebay
  • Buy gifts for friends, families and employees
  • Government auctions are both online and offline, but the most imporant requirement to these auctions is knowing where to find the goods that you would like to buy.

    Many reputable companies sell goverment auctions guides, which can be purchased online and instantly downloaded.