Hi, I’m Mike Greiner. I’m an attorney here with The Financial Law Group located in Warren, Michigan. Our website is financiallawgroup.com and our phone number is 586-693-2000. And I’m here to talk to you about why you should do a Trust rather than a Will. Most people think that they’re the same thing and they’re really not. What a will is, although it’s valuable to do a will rather than do nothing is basically a letter to the probate court telling the probate court how you want your assets to be handled. Many people think that by doing a will you’re avoiding probate altogether once you’ve passed and that is just not the case. If you’re goal is to avoid probate and allow your family to deal with the assets without having to deal with courts and lawyers and all those costs that are involved the way to avoid that is by doing a Trust. I believe in trust. I actually did it for my own family so I can tell you that that’s the case. Trusts do cost a little bit more on the front end because they’re a little bit more work but what we found is that by doing a trust, you’re able to completely avoid probate and make sure that it remains a private, within the family affair when dealing with the assets of someone who has passed.
If you want to find out more about setting up your Trust feel free to give me a call. I’d be happy to meet with you personally. Our phone number is 586-693-2000 and I do offer free consultations.
Hi, I’m Mike Greiner. I’m a bankruptcy attorney here with The Financial Law Group located in Warren, Michigan. Our phone number is 586-693-2000. Our website is financiallawgroup.com. And I’m here to talk to you today about protecting your assets as you go through bankruptcy. One of the biggest concerns people have when they’re contemplating bankruptcy is they’re concerned that they’re going to lose a bunch of the things that they own. Well, for the most part, and for most people, they never lose anything as they’re going through bankruptcy.
There is such a thing called exemptions. And what exemptions are is that it’s the procedure by which we protect your assets. You see, when congress was drafting the bankruptcy code it understood that business’s will be wiped out, that’s an understanding. However, people still need certain things to go on living. They still need clothing, they still need furniture, they still need a vehicle, they still need their home. So as a result of that, what they did is that they put certain exemptions of the bankruptcy code that allow you to keep your assets.
Generally speaking, we’re able to protect most assets that people have if not all of them. In fact, it’s pretty rare that I client of mine will actually lose an asset as they go through their case. And one thing is for sure. As we’re going through the preparation process of getting the documents ready, usually, I’m able to point out to that person that there is a risk that a certain asset will be lost. So we can kind of make a decision how we proceed from there, from that point on.
If you’re concerned about bankruptcy and want to find out if you can go through bankruptcy and protect all your assets at the same time, feel free to give my office a call. We offer free consultations and I would be glad to meet with you personally. My phone number is 586-693-2000.
Hi, I’m Mike Greiner. I’m a bankruptcy attorney with The Financial Law Group here in Warren, Michigan. Our website is financiallawgroup.com and our phone number is (583) 693-2000. One question that’s come up sometimes, has been, what can we do about garnishments? Well, garnishments are actually a good opportunity for the debtor a lot of the time as you’re going through this process. The reason being, is, as soon as you file bankruptcy, from the minute you file bankruptcy, any garnishments will stop.
So that, so that doesn’t mean you need to wait for your case to be over. You don’t need to wait for the hearing to be over to stop the garnishments. They stop from the second that you file your case. That’s the first thing. The second thing is, a lot of the time, we’re able to go back as much as 6 months. So if you’ve been having your wages garnished over 3 months, and they garnished a bunch of money from you, a lot of the time, we can go back to that creditor, and get those funds back for you. I’ve actually had clients who were able to pay the full amount of money that they owed for their legal fees, plus even gotten back some additional funds from bunds that had previously been garnished from their paychecks or from their bank accounts.
If you want to find out more about getting back funds that have been garnished from you, or about bankruptcy or any other issues, feel free to give my office a call. The number is (586) 693-2000. I offer free consultations and I’d be glad to meet with you personally.
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