Life is full of the unexpected. In an instant, everything can change. Planning can go a long way to protect someone's assets and keep them for the correct beneficiaries. Ortiz & Ortiz, LLP - Chapter 7 Bankruptcy Lawyers can help.
With over two decades of experience, the lawyers at Ortiz & Ortiz, LLP are knowledgeable in estate planning, asset protection, and bankruptcy. The lawyers have helped others take control of their financial situation and plan for the future. These topics are pieces of a puzzle in a person's life. For example, when asset protection works hand in hand with estate planning, more of a person's assets can easily be transferred to their loved ones and not lost to creditors.
The attorneys at Ortiz & Ortiz, LLP have experience in both Chapter 7 and Chapter 11 bankruptcies. They are there to help to navigate individuals through these proceedings. A Chapter 7 bankruptcy, also known as liquidation bankruptcy, is where the court will liquidate or sell a person's assets to pay off creditors and lenders.
The Ortiz & Ortiz, LLP - Chapter 7 bankruptcy lawyers can help a person determine when to file bankruptcy and what assets of theirs might have protection. Businesses or companies primarily use Chapter 11 bankruptcies. A Chapter 11 bankruptcy gives the debtor time to reorganize their financial situation and develop a repayment plan.
Ortiz & Ortiz, LLP knows everyone's financial situation is different; that is why they will sit down with their clients and help them thoroughly analyze their financial situation, along with advising and guiding them through the process of filing a claim. They will represent their clients in court and keep them informed of everything they need to know to make the best possible decision for their situation.
The Ortiz & Ortiz, LLP Facebook Page is a great place for prospective clients to find articles geared more toward their concerns.
A general rule of thumb, having a trust is an essential part of any good estate plan. A trust is a way to manage a person's assets until its beneficiary is of age. If there is no trust, this leaves room for unintended estate beneficiaries and several other difficult situations.
The lawyers at Ortiz & Ortiz, LLP are dedicated to drafting a trust that fulfills their client's wishes while safeguarding it from creditors and strategizing the best way to minimize exposure to inheritance taxes. These lawyers will explain trusts in detail and help clients plan for retention provisions and contingencies they may not have been aware of before.
Another vital aspect of estate planning is a will. A client can use a will to appoint an executor, create trusts, or arrange a particular way of transferring property. A will can control the appointment of a legal guardian for children.
Without a will, a person's property will fall under probate law. Dealing with the probate process can be a long and frustrating experience for a beneficiary because it passes through a court of law. The attorneys at Ortiz & Ortiz, LLP help their clients and beneficiaries to navigate the probate process.
About the Firm:
Ortiz & Ortiz, LLP is committed to helping others. Carrying on the tradition left by their founder Frank A. Ortiz, his daughter continues to dedicate a significant portion of her practice to helping people and businesses resolve their debt and financial problems. Ortiz & Ortiz, LLP practices law in a variety of areas, including bankruptcy, estate planning, and asset protection. They focus on these particular areas to help their clients take control of their financial situations and plan ahead so their loved ones can have peace of mind.
Media Contact
Company Name: Ortiz & Ortiz, LLP
Email: Send Email
Phone: (718) 522-1117
Address:287 Park Avenue South Ste. 213
City: New York
State: NY 10010
Country: United States
Website: https://ortizandortiz.com/
