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Importance of Uninsured Motorist Coverage Unfortunately, accidents involving drivers who do not have insurance are common, as millions of Americans drive without insurance. 🚗 In such cases, Uninsured Motorist Coverage (UM) is critical. Given this risk, we strongly recommend reviewing your UM coverage limits. UM coverage is especially beneficial after hit-and-run incidents involving stolen vehicles, which are all too common. Because…
Bankruptcy & Immigration Status Recently a few different people have asked me how a potential bankruptcy case could affect their immigration status. According to bankruptcy law, the government is prohibited from discriminating against someone solely based on their filing for bankruptcy, as stated in 11 U.S.C. § 525(a). However, it is important to note that there could be consequences in an…
The Importance of a Healthcare Proxy An important topic that often goes overlooked is the significance of having a healthcare proxy. I wanted to take a moment to discuss the importance and benefits of having a healthcare proxy in place. A healthcare proxy, also known as a medical power of attorney, is a legal document that allows you to appoint someone…
1031 Tax Exchanges For real estate investors, a 1031 tax exchange offers a strategic advantage by allowing the deferment of capital gains taxes when exchanging qualifying properties. This mechanism can significantly aid in portfolio growth and diversification without the immediate tax expense. With that in mind, we’re sharing an overview of 1031 exchanges and their benefits. HOW IT WORKS A…
9 Key Business Mistakes that May lead to Litigation: Whether you are a veteran business owner or just starting out, there are some key mistakes you can make that often lead to litigation. No one wants to be the object of a lawsuit, so I thought I would take a minute and highlight some common mistakes that sometimes lead to suits…
Distracted Driving Awareness 🚨 Distracted driving is a serious issue that affects countless lives. As lawyers, we’ve witnessed the devastating consequences firsthand. Let’s make a change together. Spread the word about the importance of driving without distractions. Share this post to help keep our roads safe. 💛🚘 Did you know? • Each year, about 3,000 lives are lost due to…
Bankruptcy & Credit Scores I wanted to address a common misconception regarding bankruptcy and its impact on credit scores. Many clients believe that a bankruptcy filing will ruin their credit for the 7 to 10 years it remains on their credit report. However, I would like to assure you that this is simply not the case.In fact, for individuals who need…
The Benefits of a Trust Fund There are significant benefits of establishing a trust fund. A trust fund can be an invaluable tool for managing and preserving wealth for both individuals and families. While the need for a trust fund may vary depending on individual circumstances, there are several situations where it can be particularly beneficial: 1. Minors or individuals with…
Offers In Compromise I want to share a potential solution for individuals facing overwhelming tax debt.An offer in compromise is an agreement between a taxpayer and the Internal Revenue Service (IRS) that allows the taxpayer to settle their tax liabilities for less than the full amount owed. This program is designed to help taxpayers who are unable to pay their…
Three Ravosa Law Offices, PC Attorneys Named to 2023 Super Lawyers List! Ravosa Law Offices, P.C. is excited to announce one of its attorneys was selected as a 2023 Super Lawyer and two of its attorneys were selected as 2023 Rising Star Super Lawyers! 2023 Super Lawyer Richard. S. Ravosa (Bankruptcy, Civil Litigation) was selected as Super Lawyer for the fifth year in a row.…