Getting an estate plan drawn up is vital to your emergency preparedness. At some point, everyone will pass away, so it is better to be prepared and have a plan set out for your family. Many people wonder whether they should put all of their assets into a trust or a will. Generally speaking, you should put the majority of your money, property and assets into a trust, here are a couple reasons why.
- According to the CDC, approximately ten thousand deaths were due to alcohol-related car crashes in 2013. While many intoxicated people drive below the speed limit (according to MADD), there are exceptions to the rule. MADD.org also says that drunk drivers tend to quickly accelerate, which means these drivers could quickly get into speeding zones. If you were found to be going incredibly fast and you were found with alcohol on your breath, your situation is probably quite dire.
- Bankruptcy wipes out all your debt. Right? Wrong! You might be surprised to find out that some debt will follow you even after your bankruptcy has been discharged. If you're planning on filing for bankruptcy protection, you need to make sure that the debt you have is dischargeable. Take a look at some of the debts that are non-dischargeable through bankruptcy. Child or Spousal Support If you're behind on your child or spousal support, don't think that bankruptcy will remove that debt.
- Your disabled child may be able to collect benefits from the Social Security Administration if you and your child can meet the requirements. Qualifying for SSA benefits can be a long and confusing process, but if your child's medical or mental condition meets the standards and your income is below a certain limit, your child could be eligible for benefits until they reach the age of 18. To learn more about how to qualify and the income requirements for Social Security Supplemental Insurance, read below.
- If you're currently deployed and have received the unpleasant news that your stateside spouse has filed for divorce, you may be wondering what comes next. How can you effectively respond to these pleadings and fight for your rights when you're unable to attend court or meet with an attorney like Karen Robins Carnegie PLC? Fortunately, there are legal protections available for you that can help ensure your divorce is treated fairly by the courts.