Sheehan & Associates, P.L.C.

November 2017 Archives

Financial troubles are not discriminatory

When it comes to money and wealth, the more you have may just mean the more you have to lose. Celebrities such as Johnny Depp and Lisa Marie Presley are two recent stars who claim to have somehow gone through their millions and are now broke. The big question on the table is if they squandered their wealth, or if their financial managers are responsible. Both are currently suing their former financial managers and putting the blame on them.

How can a pour-over will help protect assets?

At this point in your life, you may feel that the time has come to create your estate plan. Taking this step can provide many benefits to yourself and to your family. If you hope to use your estate plan to protect your assets, you may find yourself considering a trust-based plan. This planning tool can allow you to separate your property from your estate in order to keep it from going through probate as well as reap other possible benefits.

What are the first things you should do before filing bankruptcy?

Bankruptcy, like everything else in life, is something that should be carefully planned. It's not a rash decision to file for bankruptcy. In fact, you may deserve a hearty "congratulations" for taking control of your debt. There's every possibility that you'll come out of bankruptcy better off in the long run than you ever would have been otherwise.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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