How to Use Life Insurance to Pay Off Debt

Paying off debt is easier said than done, but it may be easier than you realize. If you have a life insurance policy that you no longer need for any reason, you may be able to sell your life insurance for a lump sum cash payment and be able to find a debt settlement program to become debt free. The average American household is struggling with credit card debt, student loans, a home mortgage, and … Read More

OVDP to Stay Open Indefinitely

The International Revenue Service (IRS) has provided taxpayers with the ability to voluntarily disclose accounts and income that were not properly reported in the past. This is largely a result of the Foreign Accounts Tax Compliance Act (FATCA) which was passed in 2010 and came into effect just last year. The law requires foreign financial institutions to provide more detailed information about U.S. citizens who hold accounts or assets overseas. Since the law has gone … Read More