As the first month of the new calendar year has now passed, many people are turning their attention to the upcoming tax season. However, Florida residents could also take the chance at this time of year to review their larger financial picture. Instead of focusing...
The Day Law Office
What to put in your will when you have minor children
Most people do not think about writing their wills until they are older and facing their mortality. However, as we have addressed in previous posts, adults can never be too young to start thinking about their estate planning. There are many reasons to update your...
People need to alter their wills after a divorce
A divorce equals a lot of changes coming into your life. You and your spouse should have created wills after marriage, and upon a divorce, the two of you also need to make sure your wills receive updates. The state of Florida does help a bit with this. In 2012,...
The complex issue of medical debt
Medical debt has moved to the forefront of national concern in recent years. Although it appears to be on the slight decline, it sends countless Americans into financial crises year after year. Personal bankruptcy has been the answer for many Floridians, but what seem...
The struggle of student loan debt
Nearly every college student in America has likely heard of looming student loan trouble. Like a fairy tale that warns children of the deep, dark forest of dangers, the mountain of debt that countless students have ahead of them can seem a projected adulthood...
What is the Chapter 7 means test?
Like many in Hernando County, you may want to try and avoid having to file for bankruptcy at all costs. Yet in certain situations, seeking such protection might give you the best chance to rebound from whatever financial hardships have placed you in this precarious...
Update your will after moving to Florida
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...
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...
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...
Things people forget when writing their wills
If you currently have a will, then you are already far ahead of over half of American adults. A report by Fox Business found that only about 42 percent of adults in the United States have adequately planned for the division of assets after their death. Even...