Married couples typically do a lot together. However, this idea does not mean that they do everything together, especially when it comes to finances. For this reason, when one spouse files for bankruptcy, no requirement forces their spouse to also make this filing. Consequently, when one spouse files for bankruptcy and the other one does not, it is normal to have questions about what will happen to their shared assets. [Read More]
Boating Accidents: What You Need To Know
These warm, summer days are perfect for an afternoon of boating. Boating is a popular summer activity, but it can be very dangerous. Sadly, boating accidents happen each day and can result in serious injury and even death. If you are injured in a boating accident, you may have the right to file a legal claim against the negligent party. Here is what you need to know. How Is a Boat Operator Negligent? [Read More]
Probate Law Services: Building Trusts For Children
If your family is going through the probate process, building trusts for underage beneficiaries can be tricky. Fortunately, probate law services can help you create trusts that are financially and legally designed to protect assets for the future. Here are some of the ways that probate law services can help your family create a living trust. Revocable Living Trusts A living trust protects assets for a predetermined period. The living part of the trust denotes the fact that the trust will exist as long at least one of the beneficiaries is alive and well. [Read More]
What Assets Could You Lose In A Chapter 7 Bankruptcy Case?
One downside of using Chapter 7 bankruptcy is the potential to lose assets. You will not lose every item you own, but you could lose some things. When you file for Chapter 7, you trade the benefit of receiving a discharge of your debts with the disadvantage of losing assets. For this reason, lawyers call this the liquidation branch of bankruptcy. If you want to file for Chapter 7, it might be helpful to learn about the assets you might lose. [Read More]