As you consider your estate plan, you may give a great deal of focus to your will and how you want your property distributed after your demise. While this document certainly has importance, you may want to remember that your estate plan can cover other important areas of your life, and by taking the time to closely consider those areas, you may have the chance to lessen the possibility of unnecessary complications.
Going through the dissolution of a marriage in Pennsylvania is generally not a bed of roses. This is true even when two spouses decide to go through divorce mediation, which is oftentimes less hostile than traditional divorce litigation is. However, divorce does offer a couple of major benefits to those going through it.
Sometimes, consumers in Pennsylvania and elsewhere end up experiencing serious financial trouble. In these situations, seeking personal bankruptcy may be the best option. Although broke celebrities and failing companies often come to people's minds when they hear the word bankruptcy, the reality is that bankruptcy filings occur most frequently among Americans in the middle class.
Dissolving a marriage in Pennsylvania is not a simple process. However, it can be even more harrowing from a financial standpoint for the spouse who decided to stay home with the children and thus does not generate any income. This is true whether the couple decide to go through divorce mediation or go to trial to tackle their financial issues. Fortunately, alimony may help the non-earning parent financially after the marital breakup. Unfortunately, the future disappearance of the alimony deduction may cause more financial issues for both spouses, which is why it has sparked criticism.
Nobody embarks on adulthood with the goal of becoming bankrupt. Unfortunately, sometimes filing for personal bankruptcy is unavoidable due to credit card debt that has gotten out of hand, job loss or medical bills. Here are a few tips for dealing with bankruptcy in Pennsylvania.