When it comes to creating a will, you must designate beneficiaries, and you must also designate which beneficiaries will receive which assets, once you pass. If you have more than one child, you may be contemplating how you will ever distribute all of your assets in a fair way. Here are three tips to help you do so. Tip #1: Take into Consideration Their Income and Debt Fully assess each child's current financial state. [Read More]
Four Problems You May Face If You Abandon Your House
Legally speaking, abandoning a house isn't a smart thing to do, even if you don't have a current use for it. Gift it to someone, rent it out or sell it for a nominal price, but don't treat it as if it doesn't exist. Here are some of the consequences of abandoning a property: The Government May Take It One danger of abandoning your home is that the government may take it permanently. [Read More]
3 Important Tips When You Have Been Arrested For A Second DUI
If you have previously been convicted or have plead guilty to a charge of DUI, which is driving under the influence of drugs or alcohol or a similar charge, a second conviction can put you in a very difficult position. For instance, it is fairly common for jail time to be required with a second offense, while your first may have required only probation, fines and other punishments that did not directly threaten your freedom. [Read More]
Who Pays The Settlement Money In A Car Accident Lawsuit?
If you were involved in a car accident and were left with injuries to your body and damages to your car, you have the right to go after the responsible party to collect money for these things. If you do this and win, you may be awarded a large settlement to compensate you for your damages. When this happens, you may wonder who will pay you the money you are entitled to, and the answer will depend on the situation. [Read More]