As of 2021, 46% of Americans have a will. However, while many Americans have no plans for when they pass away, some Americans have chosen a trust over a will. There are several advantages to choosing this. How a Trust Differs From a Will With a will, you will still be in control of your assets until you pass away. The will simply clarifies how your assets will be divided. With a trust, unless it is a revocable trust, you will not have access to it and will be able to continue to use it while you're still alive. [Read More]
Should You Go With Chapter 7 Or 13 Bankruptcy?
Chapter 7 and Chapter 13 bankruptcy represent two very different ways to address your debt load. A Chapter 7 bankruptcy involves the liquidation of all of a debtor's non-exempt assets. The Chapter 13 system allows debtors to keep their assets in exchange for following a court-ordered payment plan that reduces the overall debt load. Each approach has its virtues. It's important to understand what makes each one appropriate for a given situation so let's take a look. [Read More]
3 Things To Consider When Hiring An Auto Accident Attorney
Auto accidents often end up having a significant impact on your life. There are a lot of things to consider after being injured in an accident of this nature. Things like medical and auto repair bills will likely take precedence, as will dealing with insurance. If you sustain injuries resulting from an accident or have difficulty with the other driver or their insurance company, hiring an auto accident attorney may be necessary. [Read More]
How a Divorce Lawyer Can Help You With Mediation
There is a misconception that lawyers do not support mediation because they have less influence over the process. However, many lawyers actually support divorce mediation because it is sometimes a better option for their client and there are several functions that a divorce lawyer can fulfill during the divorce. One of these functions is mediation. Read on to learn more. The Role of Mediation Oftentimes, a lawyer will encourage their client to choose mediation as a way to speed up the process. [Read More]