A great deal of people believe if they live together 6 to 10 years they will be considered married in the eyes of the law, but the fact is, it’s not true. There is a difference between common law marriage and cohabitation. In some cases if you are a cohabitant, you could be considered single [...]
At present, many people have not planned for their potential incompetence. There are number of legal devices that are readily available to assist people in expressing their wishes in advance. Two of these devices include a Durable Power of Attorney for Financial Decisions (General Durable Power of Attorney), and Durable Power of Attorney for Health [...]
A living trust can solve many of the problems encountered in Estate Planning. Listed below are some of the situations helped by careful estate planning. Probate Problems. Probate is the system used by the state to deal with your estate. Two main functions of probate are to identify the rightful heirs to the estate and [...]
While signing a prenuptial agreement can be one of the all-time romantic turnoffs, for people heading into their second marriage, a prenuptial agreement can give the trade-off of a better relationship through the security of financial and life planning. A prenuptial agreement is a legal contract between two people about to marry, specifying how assets [...]
An Economist Jay Zagorsky from the University of Ohio (Ohio State) has analyzed the results of a 40-years research project during which he interviewed about 33,000 people. In 1960 researchers started to ask Americans from all over the country, on a no-name’s basis, questions about their private lives, including their attitude toward money. Zagorsky found [...]
A legal agreement in anticipation of marriage between future spouses is a prenuptial agreement. It is a legal contract that breaks down how assets will be distributed in the event of divorce or death. These documents have been around for thousands of years and are mentioned in ancient records from biblical times. Popular in the [...]
Sometimes people do stupid things, but someone who disobeys a court order is one of the craziest things one can do. In Divorce Court and family custody matters sometimes lawyers try to convince the judge that because of all the pressure of a divorce his client has acted in an unrational way, unfortunately judges rarely [...]
Prenuptial agreements are like insurance policies. You do the paperwork, then hope you’ll never need it. However, since half of marriages end in divorce within the first seven years, you may want to consider a prenuptial agreement before you walk down the aisle and say, “I do.” Since you could later be engaged in a [...]
A couple recently divorced. Their Divorce Decree stated that the husband would pay the balances on their three joint credit card accounts. Months later, after he neglected to pay off these accounts, all three creditors contacted the wife for payment. She referred them to the divorce decree, insisting that she was not responsible for the [...]
It is essential that the parties entering into an agreement be advised of Tax Ramifications of property transfers made pursuant to the agreement, and that the agreement be examined from time to time to be sure that the results are reflected in the current tax law. While merely executing a prenuptial agreement usually does not [...]
Most often a divorce is contested when the man and women cannot find a common consensus. Most of the disagreements concern the Children, Visitation and how to divide the assets of the marriage along with Child Support, Alimony, How to deal with Family Debts, and who will pay for the Education of the Children and [...]
In divorce, a common question is, “what is the alimony formula”. Well, there really is no set alimony formula for divorce. This is in complete contrast to child support, which is decided based upon a specific formulas in each state. Alimony is based on factors and those factors are decided through divorce negotiation or by [...]
is a critical decision making process. The person who you hire will be responsible for obtaining or maintaining your custody rights to your children, your property interests, and depending upon the side you are one, either minimizing or maximizing your support rights.
In reality, selecting a divorce attorney is also an incredibly stressful experience. Do it [...]
While each person’s situation is unique, there are steps to follow that are common to all in the event that you and/or your spouse decide to file for divorce. Here is some general divorce advice:
Become familiar with the divorce process
The process of divorce results in putting a legal end to a marriage. Although divorce proceedings [...]
This article is designed to give someone who is considering or planning for the possibility of divorce an idea of what documents are needed. Even if you believe your case is ultimately agreed to and settled without a trial, you will be in a much better position if you already have the relevant documents in [...]
Divorce can be a very touchy subject but is one we should address none the less. There are steps to take and many things to consider. Be sure you have thought through all aspects before you even think about making a decision.
