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All About Bankruptcy and Estate Planning Matters

Steven Robert Lehr, P.C. is an attorney in West Caldwell, New Jersey, who specializes in asset protection, estate planning, and bankruptcy. A graduate of American University School of Law, Lehr has more than 25 years of experience practicing law in the New Jersey and New York area. He also has an advanced legal degree in taxation from New York University, School of Law, Graduate Division. In this series of articles, Lehr discusses what people need to know about business planning, estate planning, and debt management.

Succession Plan for Your Family Businesses

Succession planning is very important for small businesses, since it lessens the chances of family strife and disagreements after a business owners' death. Succession planning is especially important for business owners who plan on leaving their companies to anyone other than their own children.

How Living Wills Help Medical Professionals

Having a living will in place allows medical professionals to share key health information with loved ones in the event that a person is incapacitated and unable to make decisions on his own. It is imperative that people of all ages create living wills in case they are ever disabled in any way.

Reaffirmed Debts In Chapter 7 Bankruptcies

Debtors who are going through Chapter 7 bankruptcies do not have to reaffirm any debts, but they are advised to reaffirm the debts attached to assets they would like to keep. These generally include homes and cars, and they do not include credit cards or outstanding bills.