Easily Hide Value Choice into the Affidavit Of No Creditors

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How to Hide Value Choice into the Affidavit Of No Creditors

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hey everyone I hope you guys are doing well I wanted to actually answer a question that I got off of YouTube and I think it was a very very good question let me share this with the group I am putting together some packages and Im gonna put this on youtube so if youre watching me on YouTube like and subscribe to the channel like the video subscribe to the channel but a question was posed when can I should I use an affidavit for a collection because many of them when you say something is fraudulent is not my account they might come back give me a identity theft affidavit now heres my take on it Im right now doing a package for bankruptcy that is complete and ready and its gonna be a company with a video with a step-by-step process because its you know its something that youre going to need navigating and the public records and in those packages are going to be affidavits okay so to the bureaus youre gonna send affidavits to the courts youre gonna send an affidavit but in my pa

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Will a trust protect assets from creditors?

Most trusts can be irrevocable. An irrevocable trust offers your assets the most protection from creditors and lawsuits. Assets in an irrevocable trust arent considered personal property. This means theyre not included when the IRS values your estate to determine if taxes are owed.

Who is a creditor of the deceased?

General Information: A creditor of an estate is a person or entity (business or organization) to whom the decedent owed money. Decedent is the term used to refer to the person who died.

How do I protect my inheritance from creditors?

A protective trust can protect your estate from the creditors, including a divorce, of the beneficiaries inheriting the estate.First, revocable trusts have many uses in estate planning, other than to save on taxes, including: Probate Avoidance and Savings. Management During Lifetime Incapacity. Accessibility.

Who are considered creditors?

ing to the Consumer Financial Protection Bureau (CFPB), a creditor is any person who offers or extends credit creating a debt or to whom a debt is owed. A financial institution, individual or nonprofit could all be examples of creditors, so long as they lend money to another party.

How can I hide money from debt collectors?

Seven Ways to Protect Your Assets from Litigation and Creditors Purchase Insurance. Insurance is crucial as a first line of protection against speculative claims that could endanger your assets. Transfer Assets. Re-Title Assets. Make Retirement Plan Contributions. Create an LLC or FLP. Set Up a DAPT. Create an Offshore Trust.

Can creditors go after joint bank accounts after death?

Can a creditor go after joint tenancy assets? Joint tenancy (with rights of survivorship) is extremely common between spouses and in nearly all cases creditors very little to no rights against property held in joint tenancy between the deceased person and the joint tenant.

Does a irrevocable trust protect assets from creditors?

Irrevocable trusts protect assets from a grantors creditors because the grantor neither owns nor controls that property. Unless a judge finds that an irrevocable trust was established for the purpose of shielding assets from expected legal action, creditors usually have no claim to these assets.

Can creditors go after your inheritance?

California law does allow creditors to pursue a decedents potentially inheritable assets. In the event an estate does not possess or contain adequate assets to fulfill a valid creditor claim, creditors can look to assets in which heirs might possess interest, if: The assets are joint accounts.

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