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Simon Volkov's Articles in Finances

  • How To Keep Your Estate Out Of Probate
    Probate is the legal process that requires property belonging to an individual who is deceased be accounted for and properly distributed to heirs The main objective of Probate is to ensure the decedent's wishes are met and that creditor claims, tax liens and outstanding debts are paid in full
  • When Bankruptcy Is Your Only Option
    Bankruptcy can be traced back to the Old Testament According to the Bible, Moses Laws eliminate all debts every 50 years
  • How Inheritance Tax Affects Heirs
    Inheritance tax is imposed on most property transferred to heirs Nearly all inherited property is taxed at the federal level and tax rates are based on the fair market value of the property
  • Types Of Promissory Notes
    Promissory notes are used to record details of a loan transaction between two or more parties They are used in a variety of financial and real estate transactions, business loans, and personal loans between family members and friends
  • What Are Cash Flow Notes And Why Do You Need Them?
    Cash flow notes are legal contracts which document financial transactions between two or more parties Currently there are more than sixty different types of cash flow notes
  • What Are Structured Settlements And How Do They Work?
    Structured settlements are used to compensate individuals who have been awarded a large sum of money They are most commonly used when an individual has been seriously injured or disabled due to the negligence of another individual or organization
  • Cash For Structured Settlement: Tips For A Successful Transaction
    Those in need of cash for structured settlement payments oftentimes find the process complex and daunting While it's true the process is time-consuming, it doesn't have to be overwhelming
  • Structured Settlement Brokers: What They Do And Why You Need One
    Structured settlement brokers assist in the development and negotiation of structured settlements This type of financial arrangement is used to compensate individuals who have been seriously injured and provide consistent income over a specific period of time
  • Chapter 13 Bankruptcy: Can It Save Your Home From Foreclosure?
    Chapter 13 Bankruptcy is an option for people facing foreclosure While it is true filing bankruptcy can halt the foreclosure process, it is not without risk
  • Chapter 13 Payments: Reorganizing Debt To Retain Property And Assets
    Chapter 13 payments are prearranged when bankruptcy is approved through the court In most instances, a Trustee is assigned to oversee the debtor's case and will disperse payments to creditors until accounts are paid in full
  • Probate Court: Inheritance And Equity Law
    Probate court is a specialized court which mainly attends to matters regarding the estate of a person who has died Depending on the state in which you reside, this type of court might also be referred to as Orphans Court, Court of Equity, Court of Ordinary or Surrogate Court

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