Monday, March 25, 2019

Five Key Considerations for Your Estate Plan

Maintaining your estate plan can feel overwhelming when faced with all the changes life can bring. Calling your attorney may not be your first instinct when you’re faced with a significant shift in income, investments, or employment, but consulting with us is a wise way to ensure your legal health is always maintained. Read on for five events that should capture your attention and prompt you to reach out to us for some personalized advice.
  1. You’ve opened a new retirement account or established a new retirement plan.
As we all know, planning for one’s retirement is crucial. The peace of mind provided by a solid retirement plan is irreplaceable. The way you and your financial advisors choose to structure your retirement plan and invest your retirement assets will vary, as they are designed to meet your particular needs, wants, and goals. Keep in mind that if you open a new account, your estate plan will need to be reviewed and possibly updated as well. A new taxable investment account may need to be “funded” into your trust. If you’ve set up or started contributing to a tax-deferred account, such as a 401(k), IRA, Roth IRA, employee stock ownership plan, or another type of retirement plan, contact us about your estate plan, too, since we want to be certain that your beneficiary designation is exactly what you intend.
  1. You’ve started a new job.
Congratulations! A new professional opportunity is exciting, and it is accompanied by plenty of financial change. As we’ve seen above, taking a new retirement plan or account into consideration is quite important, and a new company often means a new account. You may also have new employer-sponsored life insurance, so it’s important to seek our help to verify that your life insurance beneficiaries remain up to date.
  1. You’ve kept the same job.
Even if this year finds you in the same job as last, open enrollment for life insurance from last fall is now in full effect. This means that verification of your life insurance beneficiaries and retirement plan benefits is also in order. We can help ensure that everything is as it should be.
  1. You have teenaged children.
Your child’s 18th birthday is not only a rite of passage but also a significant change in legal status and planning needs. Be sure to schedule a meeting with us to learn what you and your teen need to do as your teen becomes an adult.
  1. You started a business.
Whether you’ve fully jumped in or kept your day job, starting a business is a bold step! It’s in your best interest to take precautions to ensure your business is fully protected. In addition to the business entity issues, tax planning, and growing your business, there are estate planning implications with a new business. We can help you coordinate your new business with your estate plan.
We are here to help and to ensure the health of your estate. Let us bring our attention, experience, and care to the big changes in your life. Together, we can develop or enhance your estate plan to meet your goals and secure your family’s future.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website,

Sunday, February 03, 2019



1.         Stop Creditor’s Harassing Calls. Creditors call at almost all times of the day and night and the weekend as well; they intentionally look for inconvenient times to add additional pressure on the debtor. The automatic stay in bankruptcy law makes it illegal for creditors to continue those calls or any other form of harassment the moment you file for bankruptcy.

2.         Keep your house and car. A myth of Chapter 7 bankruptcy is that you will lose your belongings.   As long as you don’t have too much equity in your home, you keep the house (otherwise you'd file Chapter 13 in order to protect an abundance of equity).  Bankruptcy is about protection and Attorney Mark Williams can help you with which Bankruptcy Chapter is best suited for you.

3.         Protect most of your household possessions. The state and federal exemptions that block what a bankruptcy trustee can seize typically cover all household goods and tools of a trade. Even if you have valuable jewelry or electronics, they often are not seized because of their age and condition. In fact, in 90 percent of all Chapter 7 cases, no property at all is seized.

4.         Wipe away unsecured debt. The amount you owe on credit cards or any debt (that is unsecured) can be completely liquidated if you qualify for Chapter 7 bankruptcy.

5.         Help with secured debt. With no more unsecured debt, paying the monthly mortgage and car note becomes much easier again. For many debtors, spiraling  unsecured debt eventually makes it impossible to pay all creditors every month; our debt relief agency with Attorney Mark Williams can help you with that!

6.         You Can Qualify. There is an income limit with Chapter 7 which is determined through a Means Test. That’s a process to determine if you have any leftover income at the end of the month to pay unsecured creditors. Notwithstanding our salary, if there is little or no money left over at the end of the month, you may qualify for Chapter 7 bankruptcy.

7.         You may never see the bankruptcy judge. Under the Chapter 7 process, there is one mandatory appearance before the bankruptcy trustee during the creditor’s meeting. While it’s possible questions from the trustee or creditors could lead to a hearing before in bankruptcy court, the overwhelming majority of cases do not involve court appearances. 

8.         Take a deep breath. While you wait to find out if you qualify for Chapter 7, you have the opportunity to relax a little from the financial pressures. The automatic stay stops any harassing calls and you do not have to pay your unsecured creditors while in bankruptcy.

9.         Fast and easy. If there are no complications, a Chapter 7 bankruptcy case can be over in as little as 4 to 6 months.

10.       Start over more quickly. The fact that Chapter 7 is a straight bankruptcy; you can begin changing your financial habits and re-establishing your credit quicker than you’d predict.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website,

Monday, December 31, 2018

2019 is going to be amazing!

As 2018 comes to end, I want to thank you for being part of our law office’s family.

Thank you for trusting us in helping you with you legal needs.

Thank you for trusting us with your life narratives and experiences. All the stories you share with us, drives us to continue to serve you and others at the level we do, as we are touched and moved.

Thank you for all the referrals you give.  It makes a difference; because together we are offering hope and solutions.  Thank you!

We are honored and look forward to be continuing to work with you now and in the future. 

Happy New Year and God Bless!

2019 is going to be amazing!

Attorney Mark Williams has over 23 years of experience in turning around people's financial situation.  He can help you too. #1 trusted bankruptcy attorney in Guam.  The Law really is on your side.

Check out more valuable information about Guam's Laws and working with

Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites:           


Monday, November 19, 2018


Thank you Guam for voting our office 'Best Law Office' 2nd year in a row! After all the hard work we give, it is truly an honor to be thanked this way.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website,

Tuesday, July 24, 2018

Waiting to file Bankruptcy can hurt you

By the time most people declare bankruptcy, their well-being and peace of mind, and financial life are all damaged, including family relationships, undermining the fresh start the law offers to those with debts beyond their ability to pay.

The time a person waits before filing bankruptcy is sometimes known as the financial “sweatbox.” According to a 2018 Notre Dam Law Review Study That’s the period when people are facing loss of assets including homes, wages and retirement funds, debt collection lawsuits and forgoing basic necessities like food to avoid filing bankruptcy.

Some people look at bankruptcy as financial and personal failure.  Often health and peace of mind and retirement funds are wasted in the attempt to pay debts which are beyond the ability to pay. And creditors will collect every penny, that is their job. Our job is to help you. Please understand that the improvement to Debt-to-Income ratios and elimination of derogatory credit reporting resulting CAN give you the higher credit scores, EVEN WITH bankruptcy on your record.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website,

Tuesday, June 19, 2018


Filing for bankruptcy may help

Ask yourself these questions, are you struggling with debt? Only paying the minimum balance on your credit cards each month? Are you behind on mortgage or car payments? Losing sleep because of the stress and uncertainty of your financial situation?

We realize nobody likes to talk about their financial problems; about creditor harassment, home foreclosure, car repossession, lawsuits, wage garnishments and judgment liens. 
You are not alone. We can help. 

Stop foreclosure NOW

Stop wage garnishments NOW

Stop collection harassment NOW

Stop repossessions NOW
Call Now 637-9620.
Call the Law Office of Mark Williams.  We are Guam’s Best Bankruptcy Lawyer.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website,

Thursday, May 10, 2018

If you have been served with court papers from a creditor, we can help STOP that action.

A Chapter 7 case can allow you to discharge most or all of your debts and receive a fresh start.  A Chapter 13 repayment plan can help you solve your financial problems by consolidating your debts into one monthly payment.  It can also help you keep your property while preventing creditors from collecting from you.
In most cases, we can start work on your case with a deposit and the balance on EASY TERMS.
If you are not sure what to do, please call at 637-9620 or 637-9621 for a free friendly telephone consultation.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website,