A lot of people often ask what happens when you file a bankruptcy case. If you are going through this process, there are a few things that are most likely to happen.

There are times when you get frustrated with work or finances that it becomes difficult to keep up with your bills and expenses. Most of these issues may be as a result of job loss or personal events such as divorce or death.

When homeowners face foreclosure, they will require the services of a foreclosure attorney and file bankruptcy or a lawsuit to save their homes. In California, a lot of homeowners often face foreclosures which have led to them losing their houses and investments.

Sometimes it is a wise action to stop a creditor’s action fast. However, don’t forget to adopt the right methodology if you want to get the desired results.

If you die without a will, trust, or other provision for the distribution of your money and property, that money and property will be distributed according to California law. This process is a complicated one.

If you live in California, a prosperous state with sky-high real estate values in its urban area, it is advisable that you have your estate planning documents in place. Doing this will help prevent probate after your death.

Before you actually start preparing your California estate planning documents, you should have an understanding of how each document fits in with your overall estate goals. You shouldn’t forget that creating your estate planning documents has long-term consequences for your family.

By now, you should know that estate planning means more than just getting a will. Yes, there is the actual “planning” part in estate planning that requires pulling together details about your circumstances and creating a customized plan.

Proposition 19 (Prop 19) is a new amendment in the California property tax amendment. This law made two changes to the existing property tax law. Hence, it will have an impact on your real estate planning.