A divorce for an older person is often a different experience than someone who is younger than 50. Late-life divorces sometimes do not have child custody and support to consider and retirement planning plays a bigger role in dividing marital assets. If you are 50 years of age and older, here are some missteps to avoid in your divorce:
Keeping the Family Home
Even if you have an emotional attachment to the family home, hanging onto it could cause serious financial problems later.
Whether you're planning for your own future or have been left to handle a family member's or friend's estate planning needs, a probate attorney can be a powerful person to work with. If you're looking to make the best decisions and want to make sure that you fully follow the law, you'll want a probate attorney on your side. Keep reading to better understand some of the many reasons as to why you should hire a probate attorney.
Few people imagine that they will experience significant financial problems, but when these issues arise, it is important to understand the various options available for addressing them. More precisely, bankruptcy protection can be vital for allowing you to clear these debts so that you can start fresh.
Does Filing For Bankruptcy Mean You Are Irresponsible?
There is a powerful stigma associated with bankruptcy protection, and it can be difficult for people to bring themselves to seek this protection for fear of being labeled financially irresponsible or uninformed.
Bankruptcy. The simple word brings thoughts of someone being absolutely broke, without a cent to their name. For many people, that's exactly what bankruptcy is, too—an option that's only a last resort for people who can't handle their money.
The thing is, that couldn't be further from the truth. There are a lot of things people get wrong about bankruptcy, and unfortunately, those misconceptions could cause some people not to consider their options.
If a member of your family is pregnant and does not plan on parenting the baby or if the courts have determined that it is no longer safe for a child to be raised by one of your family members and you are interested in raising the child for the rest of his or her life, it is important to become familiar with the intricacies of a kinship adoption. Although the laws about kinship adoptions vary from one state to another, there are numerous details that are often quite similar throughout the United States.