Planning for one's own passing can be an uncomfortable process. However, this is at the heart of estate planning. The process involves figuring out how to distribute an estate's assets and debts upon an individual's death. On its face, this may seem relatively easy. However, the process can actually be quite complicated. One reason for this difficulty is that many assets are not liquid like cash, bonds and stocks. This means that these assets may be more challenging to equally divide amongst an individual's heirs.This is particularly true when it comes to dealing with what are often referred to as "hard assets." These assets are individual pieces of property that cannot be easily divided. Common examples include family heirlooms such as jewelry and other personal items. Oftentimes, many heirs vie for these valuable pieces of property. So, the difficulty then becomes how to pass them down.The first step in passing down a hard asset is to get it appraised. An appraisal can give the owner an accurate value of the item so that that value can be taken into consideration when devising an estate plan. The appraisal should be conducted by somebody who is knowledgeable and experienced.
Getting married may have been one of the best days of your life. You may have spent months finding the perfect dress or tux, venue and cake, and making numerous other choices, or your wedding may have been spur of the moment but no less meaningful. Because you knew that your marriage would last, you skipped over the part about creating a prenuptial agreement.
Issues related to child custody and child support can linger until a child reaches the age of majority, which is 18. The outcome of disputes involving these issues can have serious ramifications. Relationships with one's children can be built or destroyed, and financial standing can be solidified or ruined. Therefore, there is a lot at stake when dealing with child custody and support matters, which is why those confronting them should consider seeking help from a qualified family law attorney.
When a child is born in Florida, an important determination that is always made is the determination of the baby's paternity, in other words who the father is. This happens in a straightforward manner. If the baby's parents are married to each other, the husband of the mother is legally presumed to be the baby's father. If the parents are not married to each other, the baby's paternity must be established with a legal process. This blog post will discuss this legal process in a little more detail.