When someone has a will drawn up and notarized, detailing what will happen to all their property after their death, they will usually specify in the document who will act as the executor of the will. If the document does not specify an executor, the court will appoint one. But what does it even mean …
Who gets to keep the house is often one of the most highly contested aspects of a divorce. Not only is it the largest piece of marital property, but it’s also where the couple made a home together. Many people might want to keep the house, not for its value, but for sentimental reasons, or …
It’s the situation every landlord dreads: you have a signed lease with a tenant for your property, they’re all moved in, and now they’re causing problems. Depending on the severity of the issues, a simple conversation is all that’s needed. Other issues prove more challenging, so we’ve come up with some tips on the best …
The best-case scenario for a divorce is an uncontested divorce, in which both parties agree to the dissolution of the marriage and cooperate in the dividing of marital property and determining things like alimony and custody (if necessary). But sometimes one spouse refuses to participate in the divorce process, making it difficult to complete the …
When Your Spouse Refuses to Participate in the Divorce Process Read More »
Money and personal property are both sources of contention in all sorts of relationships, so it?s no wonder why it can sometimes be difficult to find a landlord/tenant relationship that isn?t fraught with tension. It can be easy for each party to get frustrated with the other, but no matter how strong the temptation for …
Understanding the Basics of Real Estate Evictions Read More »
Divorce does not directly affect your credit rating. There?s no factor for divorce or marital status when calculating credit, but divorce does cause a lot of upheaval, specifically to your finances. As if the stress of ending a marriage wasn?t bad enough, the impact of the financial strain that tends to result can hurt your …
Any property acquired during the marriage is generally considered marital property ? meaning both parties have an equal claim on the property ? but that?s not always the case with trusts. A trust is a piece of property that is managed by a trustee for a beneficiary. The piece of property funding the trust can …
Dividing Property That Is in A Trust During Divorce Read More »
There are some projects where it might be practical to DIY ? divorce is not one of those projects. As wonderful as the internet is, it does not, in fact, contain all the answers. Conducting an internet search of the marriage laws in your state does not give you an idea of how those marriage …
Understanding Why A Do-It-Yourself Divorce Is Dangerous Read More »
When considering what they’re entitled to in a divorce, most people think of dividing up the bank accounts and the property. Few of them think of the pension, 401k, or other retirement plan, but they should. In most states (depending on the relevant marriage law) all pension money earned during the marriage is considered an …
Dividing Pension and Retirement Benefits During Divorce Read More »
An executor?s job is to carry out the will, meaning he or she?will execute the will and handle the estate of the deceased by carrying out their wishes. This can include paying debts and taxes and distributing the assets to the beneficiaries in accordance to the instructions of the will. It is the responsibility of …
What to Do When an Executor Fails to Carry Out the Will Read More »
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