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The Gibbs Law Firm News

How Your Stage in Life Impacts Your Estate Planning

Posted by David Gibbs | Jan 06, 2021 | 0 Comments

Reaching a certain age is one of the most common reasons for most people to finally sit down and do the work in creating an estate plan. Whatever that age might be for you, you realize that you should have certain legal documents in place at that point in time and go about the process of setting...

When Is It Time to Declare Bankruptcy?

Posted by David Gibbs | Dec 22, 2020 | 0 Comments

If you're feeling overwhelmed by your debts but hesitant about moving forward with filing bankruptcy, you are not alone. Deciding when is the right time to schedule a consultation with a Bankruptcy Attorney can be overwhelming and can even feel like failure as it's the formal step to starting th...

Holiday Hours & Exciting Changes in 2021

Posted by David Gibbs | Dec 21, 2020 | 0 Comments

Wishing You and Yours Happy Holidays! Holiday Schedule Like each of you, our lives - personal and professional - were fundamentally changed this past year due to the pandemic. As we close in on the end of the year, it's time to reflect upon those memories we can celebrate, enjoy close family in...

Credit Card Debt & Chapter 7 in California

Posted by David Gibbs | Dec 18, 2020 | 0 Comments

Contemplating filing bankruptcy is never an easy decision, but that choice gets much more complicated when you have multiple types of debt. Not all debts can be discharged in Chapter 7 bankruptcy so it's helpful to know upfront what you can likely expect. Deciding whether to file and how to file...

Is My Will Valid in California?

Posted by David Gibbs | Dec 08, 2020 | 0 Comments

Each state has their own requirements about what makes a will legally valid. It's important when creating your own will to have these requirements in mind. Even a minor error can cause the will to be challenged in court. In a worst-case scenario, a will could be rendered invalid. Since it's not ...

What Can’t Be Accomplished in California Bankruptcy?

Posted by David Gibbs | Dec 02, 2020 | 0 Comments

There's plenty of marketing and truth behind the statement that a bankruptcy filing is a fresh start for you when you're in over your head with bills and debts. However, there are also some misconceptions that California residents have about what can and cannot be accomplished through a bankrupt...

Don't Skip This Important Step for Your Living Trust

Posted by David Gibbs | Dec 02, 2020 | 0 Comments

Have you been meaning to talk to a California Estate Planning Attorney about using a trust? If you're still trying to determine whether a revocable or irrevocable trust is right for you, this is a good question for you California Estate Planning Law Firm. Many people enjoy the flexibility provid...

Foreclosure & Bankruptcy - What You Didn't Know

Posted by David Gibbs | Oct 01, 2019 | 0 Comments

With all of the bad news these days, I thought should look at some of the more positive little-known tips and tricks if you are negotiating the difficult waters of foreclosure and/or bankruptcy. Did You Know . . . That virtually every lender in the United States must give you a HUD Counseling N...

5 Things to Know to Reduce Your Tax on Capital Gains

Posted by David Gibbs | Sep 24, 2019 | 0 Comments

Although it is often said that nothing is certain except death and taxes, the one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here's what you need to know to do such planning: What is capital gain? Capital gain is the difference between the ...

Most Americans’ Wealth is Lost by the 3rd Generation

Posted by David Gibbs | Sep 17, 2019 | 0 Comments

A New Revolutionary Estate Planning Method Aims to Solve This Widespread Problem Orange County, California – Traditional “bare bones” estate planning has focused primarily on what happens after death and usually passes on financial wealth outright with no conditions or safeguards. Today's America...

Myths About Bankruptcy

Posted by David Gibbs | Sep 10, 2019 | 0 Comments

Bankruptcy is a word that often evokes a lot of emotion from people. Fear, anger, loathing and a wide range of feelings are often associated with just the mention of bankruptcy. The truth is that bankruptcy is not something to be feared, looked-down-upon nor reviled. Common misperceptions lead pe...

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