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How do I be prepared in case my business gets audited by the IRS… and what to do after.

Are you self employed or do side work gigs as an independent contractor? Here are some ways to be prepared before hand in case you later get audited. ✔️Have a separate checking account where you deposit income from your business and make business expenses out of. Don’t mix your personal income and your business income … Continue reading How do I be prepared in case my business gets audited by the IRS… and what to do after.

How do I file for bankruptcy?

A bankruptcy case can be filed without an attorney. However, the United States Courts strongly recommend seeking the advice of a qualified attorney because bankruptcy has long term financial and legal consequences. There are two main types of bankruptcy. Chapter 7 and Chapter 13. Chapter 7 is called a liquidation bankruptcy; it is the sale … Continue reading How do I file for bankruptcy?

How a Power of Attorney Can Help You Prepare for the Worst

Everyone with a complete estate plan should have a power of attorney for financial matters in case you become unable to make decisions for yourself or are unable to communicate in any way. A power of attorney is a legal document that gives the “attorney in fact” (AKA the agent) the power to act on … Continue reading How a Power of Attorney Can Help You Prepare for the Worst

What is a Last Will and Testament?

A last will and testament is the most recent will of a deceased person, which ultimately decides how the testor’s (the person who made the will) property is to be disbursed to his beneficiaries (the persons or entities who will take the testator’s property as directed by the will).

What is a living trust?

But what is a living trust? Commonly, a living trust (AKA “inter vivos trust”) is a legal agreement that states property is to be held “in trust” (by the trustee or trustees) with the understanding that the property will pass to others (the beneficiaries) upon the death of the initial trustees.

The Camphuis Law Estate Planning Blog

This pandemic has gotten a lot of us thinking about how we are going to take care of our loved ones. Recently, while sitting on a deserted baseball field after taking a walk, and holding my wife in my arms, I started to think to myself, what if I only have two weeks left? How do I want to spend the last two weeks of my life? Am I ready to meet my Creator?


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