Some people blindside their partners with divorce papers while others talk about it around the kitchen table before taking the plunge. Both of these routes have their pros and cons. Here are two reasons early notification is advisable, and two reasons for delaying: Why You Should Notify Them Early It Sets a Good Tone for the Divorce An acrimonious divorce takes longer and requires more money than a peaceful one.
When you work for a privately-owned business that offers a retirement plan, the terms of that plan are covered by the Employee Retirement Income Security Act of 1974 (ERISA). This federal law administered by the U.S. Department of Labor sets out the minimum standards that voluntarily offered plans must meet. The name of the act is a bit of a misnomer as it covers not only retirement, but health, disability, and life insurance benefits as well.
If you are getting divorced and you were married for less than three years, the process for splitting up your assets should not be too complicated depending upon the financial arrangements that you and your spouse entered into. Here are three ways to prepare for the splitting of your assets. #1 Car Ownership If you both owned separate vehicles before you got married, you and your spouse can agree to both keep the vehicles that you came into the marriage with.
Thanks to the Internet, drawing up a will yourself is easier than ever. You have access to the forms and opinions from different lawyer websites and blogs as to what information should be included and not included in a will. However, if you need to put together a will, you may find yourself wondering if doing one yourself is really the best option or if you are best paying for an estate planning attorney to help you.
Lawsuits happen all of the time. There are many people who tell themselves that they will never end up in a position where they are fighting over money, or in a legal dispute, but sadly, it happens and even to those people who least expect it. This is why it is so important that you protect yourself and avoid making mistakes that can hurt you in the long run. Here are some mistakes that you should avoid.