Dying without a will is also known as dying intestate. Basically, this means that because you did not provide an outline for your assets’ distribution to your loved ones after your death, the court must determine which heirs have the right to inherit your assets, then distribute them to these heirs on your behalf. This […]
Read MoreFor parents of minor children, the estate planning process involves a few more considerations than it does for parents of adults and individuals who do not have children. Because a minor cannot access and use financial assets, parents of minors must designate trustees to manage the assets their children inherit until they turn 18 or […]
Read MoreBefore an individual can file for bankruptcy, he or she must complete a credit counseling course. Some individuals find during or after this course that bankruptcy is not actually necessary; they can manage their debt on their own through careful budgeting and a new understanding of how credit and debt work. Not all credit counseling […]
Read MoreTalking about money and finances with your parents can be awkward. Talking about them within the context of the end of their lives and what will happen to their assets after they pass away can be downright uncomfortable. If your parents have assets and they have not yet thought about their estate plans, now is […]
Read MoreThere is no right or wrong answer to this question. Many people regard reverse mortgages as a universally harmful product, but this simply is not true. There are scenarios in which taking out this type of loan is in the homeowner’s best interest. Even in these scenarios, it is important that the homeowner takes the […]
Read MoreWhen a child’s father is not known, the child’s mother can file a court order to have a paternity test performed. In a situation in which a man who believes he is or might not be the child’s father or if another relative has custody of the child, one of these parties can order a […]
Read MoreManufacturers, distributors, retailers, and marketers of consumer products have the responsibility known as product liability. This means that they must take adequate care to ensure that the products they produce and promote are safe for consumer use. When a product can potentially cause injury, these parties are required to adequately warn users of this risk […]
Read MoreA dog attack can leave a victim severely injured. When a dog bite injury puts the victim in the position of having to pay medical bills, lost wages, and other damages, the victim can seek compensation for these damages through a personal injury claim. It is possible to reduce your chance of being bitten by […]
Read MoreIf you have reached the point in your marriage where divorce is inevitable, it might still be possible for you and your spouse to work cooperatively to make the divorce less stressful for yourselves and your children. Consider completing your divorce through mediation, a process where a neutral third party guides the divorcing couple to […]
Read MoreWhen you create your estate plan, there are many things you need to consider. An estate plan is more than just your will, it is all of your desires for your own care and the succession of your assets after you are incapacitated and after your death. Planning for your long-term care is an essential […]
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