Chapter 12 is designed for "family farmers" or "family fishermen" with "regular annual income." It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts. Under chapter 12, debtors propose a repayment plan to make installments to creditors over three to five years. [...]
Both SSI and SSDI disability programs offer cash benefits for disabled individuals, but the financial eligibility requirements are very different. The main difference between Social Security Disability (SSD, or SSDI) and Supplemental Security Income (SSI) is the fact that SSD is available to workers who have accumulated a sufficient number of work credits, while [...]
Although Wills and estate planning laws do vary state to state, one rule holds true: if you don't have a Last Will and Testament, the Government makes one for you. That means your assets and estate are distributed according to the generic laws in your state. Generally, this means the government will split your belonging [...]
Studies show that a comprehensive financial plan can benefit people at all income levels — but not a lot of Americans know this. Only 31% of financial decision makers in families say they have created a comprehensive financial plan either on their own or with professional help, according to the 2012 Household Financial Planning Survey [...]
