The legal system can be overwhelming, especially for people who are unfamiliar with it. As you move through life and into different phases, your legal needs will change as well. We’ve assembled a guide to some common issues that affect people at various stages in their lives. Whether you’re getting married, divorced or just trying to figure out what happens if your child dies without a will, we hope this guide sheds light on how to best navigate these situations.
Estate Planning
Estate planning is the process of preparing for your death and distributing your assets after you die. It’s important to have an estate plan in place because it protects your family from unnecessary costs and grief, as well as helps ensure that they receive what was intended for them.
Estate planning documents can include:
- Wills–a legal document that states how you wish for your property to be distributed after death. A will must be signed by two witnesses and notarized; if it includes provisions relating to minor children (such as guardianship), it must also be approved by a court before it can take effect.
- Trusts–legal arrangements where one person (the trustee) manages another person’s assets on behalf of someone else (the beneficiary). Trusts are often used when someone wants their money or property passed down through generations rather than going directly into the hands of heirs upon death; they also allow beneficiaries access to funds while keeping them safe from creditors or predators who might want access too!
Divorce
Divorce is a legal process. It’s also stressful, expensive and emotionally draining. You may be surprised to learn that divorce can also be financially draining too!
If you’re considering a divorce or if you are going through one right now, it’s important to understand how your financial situation could affect your case according to Wade kricken. Here are some things to consider:
- The cost of divorce depends on many factors including where the divorce was filed, whether there are children involved in the case and how many issues need to be resolved during this process (such as child support). Generally speaking though, divorces tend to cost depending on where they’re filed and how complex they turn out being as far as issues go.*
- Divorces often involve asset division which means deciding who gets what after marriage breakdowns occur – this includes property ownership rights such as cars; houses; land etcetera.”
Child Support
Child support is a court-ordered obligation to pay money for the care, maintenance, and support of a child. Child support can be paid by either or both parents. If you have more than one child in your family, the amount of child support is determined based on each parent’s income and other financial resources, says Wade kricken.
The amount of child support ordered by the court depends on many factors including:
- The needs of each parent’s household;
- The cost of daycare if any;
- Whether there are special medical needs;
- How much time each parent spends with children (the custodial parent will receive more money);
