If you and your spouse are divorcing, you likely are deeply involved in the resolution of several related issues, such as child custody and visitation, child support, the division of marital debts and assets, and more. While many people just assume that alimony (also known as spousal support) is a largely forgotten benefit, it still exists and can make a huge financial difference for the spouse that deserves and needs it.
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The entire divorce process can wear you down, leaving you feeling too emotionally drained to cope. Don't allow yourself, however, to fall victim to the below common divorce financial traps. If you can take the time to put into practice better financial actions, you can help pave the way for you and your children for the future. Read on to learn more about these common financial traps.
You put off financial planning and making a new budget.
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Probate is the process of liquidating an estate after the owner has passed away. This includes everything from paying off any outstanding debts to the disbursement of material goods as detailed by the will or state laws. The process can vary depending upon the state in which the deceased resided in, but the following guide can help you understand the basics.
Does every death require probate?
Generally, no. Probate usually only occurs when all the assets are only in the name of the deceased.
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Ideally, you should follow the rules of your probation so you can complete your sentence and move on with your life. Unfortunately, this does not always happen. If you have violated your probation terms, here is what you need to know.
What Consequences Could You Face?
After your probation officer files a revocation motion with the court, a judge is tasked with reviewing the circumstances of your case and determining whether or not to grant the officer's request.
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As a financial advisor, you know that investors are going to complain whenever things don't go the way they expected. There is a big risk in investing money in the stock market, yet many people don't like to see their account balances go down. Since the inception of the Financial Industry Regulatory Authority (FINRA) in 2007, most investor complaints are settled out of court in FINRA's arbitration forum. Navigating the path of dealing with investor complaints can be daunting, especially without the help of securities lawyer.
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