Trusts

Trusts are a way to protect assets from probate and may be used in estate planning. A common type of trust is a living trust, where assets are legally protected while the owners are alive. Assets may be put in a trust for a child who can access them only after reaching a certain age. Trusts may be revocable or irrevocable.

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Keeping Property Or Assets When You Owe Money To IRS

Added April 24, 2009 by Ilyce R. Glink

If you owe money to the Internal Revenue Service and you want to buy property can you get a family member to be the buyer using your money? And can that family member later give you the property via a quit claim deed? Trying to get around paying back the IRS or protecting assets from the IRS can be a messy business - it can result in you being charged with a crime. If a family member wants to transfer a property to you upon his or her death (and you didn't contribute to the purchase), a trust may be the way to go.

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How Long Does It Take To Recover From Identity Theft?

May 19, 2009

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The average identity theft case takes 26 hours to resolve, but you may be dealing with the effects of identity theft for several years. If someone has used your social security number or other personal information to create a synthetic or false identity, chances are they have used your personal…

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