If you decided to have a will drafted up by an attorney, you must designate beneficiaries. Once you have done that, you must then decide who will get what when it comes to your assets once you pass away. If you have one child, then this is probably an easy process. However, if you have multiple children, then you will want to ensure that you distribute your assets as evenly and fairly as possible.
For many divorcing couples, thinking about divorce feels scary. Although both parties might wish for a divorce to be completely amicable, many wonder if getting lawyers involved has to create tension.
The truth? Hiring a divorce attorney does not have to make things more contentious. These are a few tips you can use to ensure that you are setting yourself up for an amicable divorce.
Understand Your Goals
When you are focused on the future, you can have a better understanding of the goals you hope to accomplish before and after the divorce is finalized.
Your will is a vital tool in your estate plan, and if you do not have one, you should create one. When you create a will, you should make sure you include all the right things, and a lawyer can assist you with this. Here are four things a will should always contain for starters.
The Name of the Executor
Do you know what an executor is? If not, you might not realize how vital it is to include one in your will.
Chapter 7 bankruptcy is one of several branches of bankruptcy you can use if you are struggling with debt you cannot repay. The most significant benefit of this branch is the forgiveness of debt it provides for qualifying debts. The downside is the potential for losing the property you own. Filing for Chapter 7 does not automatically mean you will lose property, but there are risks, and this is what property exemptions are for in Chapter 7 cases.
Have you been notified from your employer's payroll or human resources department that they have received a notice of garnishment? When this happens, most employees turn to their payroll department for help in understanding the garnishment and handling the fallout. But there are only certain things that your employer can do at this point.
What are some of these things and what can they not do for you? Here are a few answers.