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What Is An Estate Plan? Why Is It Important?
What Does My Estate Consist Of?People don't understand what their estates consist of. A lot of times, someone comes in here and says, ‘You know what, I really don't have a lot of money. I have a house; I have a savings account, a checking account. That's really all I have.' Well, my question is, ‘Do you have a life insurance policy?' ‘Well, yeah I have a life insurance policy, but it's not mine, I don't get to benefit from it, it's for my husband, my wife, my kids when I die.' People need to really understand what their estates consist of. It consists of any life insurance policy that you may have, any 401k, any IRA, any business interests that you may have, no matter how small. Your house, any vacation homes, your savings accounts, checking accounts, stocks, bonds. When someone really sits down and writes a list of all of those things and how much they have, people are surprised at what their estate truly consists of and how much money there is.
How Often Should I Review My Will?
My Relative Just Passed Away, What Is My First Step?
I'm Afraid Of How Difficult The Probate Process Will Be
What Is Mediation? Why Am I Being Ordered To It?In family law, once you file your petition for divorce, during that sixty days, if you are not able to agree on a settlement or come to a settlement, whether it's property, whether it's child support, whether it's dividing the debts, who gets the house, then what's going to happen is, in most instances, the court is going to order you a mediation. A mediation is a process by which both parties, along with their attorneys, sit down with a neutral third party, who oftentimes is a lawyer, and in some instances can be a former judge, who will then mediate the case. That person will kind of go back and forth between the parties and their attorneys, and see if they can't work out some of the disputes that have occurred with regards to property settlements, with regards to child support, with regards to custody of the kids, et cetera. That's just a vehicle the court system has put in place to try and resolve cases outside of the courts. As you know, the courts are inundated with cases constantly, and there are backlogs because there are so many divorce cases and so many litigation cases. So they send you to this mediation process to help you resolve your disputes. In most instances, those disputes are resolved. Very seldom will you have a divorce case that will go to trial; I think it may be between the numbers of maybe five to ten percent of all divorce cases become full-blown trials. So it gets resolved during this mediation process which is very cost-effective, because if you go to trial and you take a case, a divorce case and start a litigation process through discovery, depositions, et cetera, your case can be fifty, sixty thousand dollars and in some instances, well over a hundred thousand dollars, just to get a divorce.
Why Do I Need A Lawyer When Working With An Insurance Company?
I Disagree With My Insurance Settlement, What Do I Do?
How Is Working With Your Family?
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