If you already have a will written and approved by an attorney, then you are already far ahead of most American adults. However, a will should never remain a stagnant document. If you create your will early on in life in your 20s or 30s, then you will need to update it constantly throughout the years. One time when you definitely want to alter it occurs when you move to another state.
Update your will after moving to Florida
Dividing debt after a divorce
Finances can be one of the biggest contributors to marital strife. Yet it is important that couples in Hernando County understand that their divorces do not signal the end of having to deal with the financial decisions they may have made during their marriages. Many may view divorce as a way to separate themselves from any debts they or their spouses have incurred. In reality, however, the standard has been set that if divorcing couples should share their marital assets equally, so too should they share their debts.
January starts the divorce season
From mid November through New Year's Day, most people in Florida become very wrapped up in the holiday season. This also generally entails many family get-togethers and other celebrations associated with memories, emotions and hopes for the future. For couples who find themselves struggling in their marriages, this time of year can be a chance to see if they can fix their problems or it may be a time when they choose to gut through and discuss their options for a split once it is all over.
What is a revocable trust?
While it is true that a revocable trust often allows heirs to skip probate in Florida, there are several elements to consider before settling on it as the best way to handle your estate. The term “revocable” means that you can still alter or terminate the document unless you become incapacitated, or impaired mentally and physically.
Wage earners vs liquidation bankruptcy plans
Florida residents who are facing yet another holiday season wondering not only how they will buy gifts for loved ones but pay basic bills and living expenses are not alone. Even with a relatively strong domestic economy, many people continue to experience serious financial troubles. Bankruptcy may well offer these consumers the best solution to their problems and give them the chance at a truly fresh financial start.
What do I need to know about prenuptial agreements?
A prenuptial agreement, or, as it is referred to in the Florida Legislature’s Statutes, a premarital agreement, is the contract that you and your spouse agree upon and file with the courts prior to the legal union of marriage. It outlines the rights to any property brought into the marriage as well as the division and rights to assets that each of you may acquire while married.
