When selling a home, many people choose to forgo the traditional method of working with a realtor. Instead, they are engaging in for sale by owner (FSBO) transactions. This type of transaction eliminates the middleman (the realtor), allowing the buyer and the seller to communicate directly with each other. FSBO has become increasingly attractive for sellers because it allows them…
Bankruptcy and debt settlement can solve the same financial problem. However, determining the most appropriate method to get out of debt can take time and effort. You should understand the differences between the options and consider which can help you reach your goals. Differences Between Bankruptcy and Debt Settlement The primary difference between bankruptcy and debt settlement is the court’s…
Estate planning can seem overwhelming, especially if you’ve never made an estate plan before. Creating a plan of this kind requires various legal documents so you can thoroughly safeguard your assets and secure your family’s future. Before you create an estate plan, itemize each asset you own and decide who you want them to transfer to when you die. Below…
Losing a cherished loved one can be crushing. Yet, the law doesn’t wait while you work through your grief. When someone passes away, the next step in the legal process is probate. Probate is the review and administration of the deceased individual’s will or estate. Iowa law mandates that an estate must be closed within a certain period. Probate can…
The prospect of talking to an estate planning attorney can make anyone feel anxious. Addressing your final wishes can be a challenging and sensitive topic. Often, people become overwhelmed simply trying to prepare for an initial meeting with an estate planning attorney. At the Telpner Peterson Law Firm, LLP, we don’t want the estate planning process to be intimidating. We…
If you recently lost a parent or another close family member, you are probably still dealing with the grief of their passing. But even as you mourn, you might have to deal with probate or the process of satisfying their debts and transferring ownership of their assets. Depending on the size and contents of your loved one’s estate, you might…
Chapter 12 bankruptcy is designed to help family farmers struggling to pay off debt. Like Chapter 11 bankruptcy, Chapter 12 is a type of reorganization bankruptcy. It allows farmers to continue operations and avoid going out of business by restructuring their debts and alleviating the financial pressures that family farmers often face. Filing for Chapter 12 bankruptcy tends to be…
Telpner Peterson is proud to announce that Nicole Hughes has been appointed by the Acting United States Trustee for Region 12 to the Panel of Chapter 7 Trustees for the United States Bankruptcy Courts of the Northern District of Iowa, Southern District of Iowa, and District of South Dakota. As a panel Trustee, Nicole will remain with Telpner Peterson but…
Filing for Chapter 7 bankruptcy can be time-consuming and stressful. You must meet the eligibility requirements, complete various forms, and follow specific steps. Any error you make could result in a delayed process or denied petition. You should hire an experienced bankruptcy attorney to guide you through the complex procedure, whether you owe money to lenders, credit card companies, healthcare…
Estate planning isn’t only for people at an advanced age or with a terminal illness. Creating a valid and legally enforceable estate plan can protect a person if they become incapacitated. If you’re incapacitated, you can’t make informed decisions regarding your well-being and finances. Incapacity often results from a debilitating injury, sudden illness, or traumatic accident. If you don’t include…