From the moment you get married, you go from being one person to being two. From credit cards to loans to utility bills, everything you put in your name is also in your spouse's name. The question looming on many couples' minds is: what happens to all the debt in your and your soon-to-be ex's name after the divorce is finalized?
The Divorce Decree
A divorce decree will be issued by the courts.
An estimated 876,000 divorces are filed in the United States each year. Ending a marriage can present many challenges, but divorcing couples with children face unique challenges that must be resolved in order to maintain continuity for the children. One of these unique problems is consistent discipline for the children following a divorce.
If you are concerned about the effect your own divorce will have on your ability to discipline your children, here are two things you and your former spouse should be doing to help avoid potential conflicts in the future.
When you want to have the peace of mind that your estate and assets are distributed appropriately after your death, you should work with an estate planning attorney to coordinate the paperwork required. Estate planning attorneys will help you not only ensure that your family members and other loved ones are addressed as part of your estate plan, but that the service providers you work with are included as well. Here's a look at what you should know about making sure that your service accounts are settled.
Unfair competition covers any actions that give an unfair advantage to a business. The problem is, there are a broad spectrum of activities that can fall under this term. You've probably heard of many of the trade laws that fall under unfair competition.
False representation False advertising Antitrust violations Trademark infringing Intellectual property violations Many more violations fall under unfair competition. Also, each of these violations fall under their own body of governing law.
Many people are turning to the Internet to take care of their estate planning. However, some tasks, such as creating a living trust, should be handled by an attorney. To help you discern whether or not you should call a professional to help you with the creation of the trust, here are some situations in which you should consider it.
You Have Significant Debts
When you create a living trust, it usually does not cover taking care of debts after you have died.