When faced with buying real estate, there are a number of things that must be accomplished. It's important to proceed with caution when dealing with property because of the complex laws that may be involved. By retaining a real estate attorney who is an expert in this field, you can complete any property purchase with a greater peace of mind.
Create legal documents
When dealing with real estate, there are many legal documents that may be needed.
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If you have been severely injured in an auto accident due to the negligence of another driver and are considering filing a lawsuit to pay for expenses that weren't covered by insurance, a personal injury attorney can help. While many states enforce no-fault laws in which a certain amount of expenses are automatically paid out, these laws do not require at-fault parties to compensate individuals for suffering or emotional distress, and often times, no-fault allotments are not sufficient enough to cover additional medical expenses.
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The decline in real estate values over the past several years has left many homeowners owing more than their properties are worth. Second mortgages obtained years ago, based on inflated home equity, are now presenting a financial burden. Homeowners facing foreclosure or considering a future home sale may find a Chapter 13 bankruptcy to be a financial option.
As long as real estate prices were rising, second mortgages were a practical method to convert home equity to cash.
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If you have children, divorce becomes much more complicated. You will need to create a parenting plan that determines how both of you will share parental responsibilities. This is a court order that you can have enforced in the event that you or the other parent is not complying with the requirements.
How Parenting Plans Work
The parenting plan should detail where the child will primarily live. While the child might live in one home during the summer or on the weekends, your child will have one official home.
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Approximately 50% of all marriages end in divorce, and many of these individuals will end up with financial problems shortly afterwards. If you are currently going through a divorce and are afraid that you will suffer financially, you should talk to your lawyer about the following three things:
Child Support
If you will obtain custody of the kids, your ex-husband will be required to pay child support. Unfortunately, there are many dads that fail to keep up with this obligation, and you should fight in advance to make sure you get this money.
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