Home is a safe place. It’s a haven where you relax, unwind and refuel. It’s a place to host friends, or raise a family. It’s an investment that symbolizes your livelihood. You would protect it with everything you have. That’s why adverse...
The new tax regulations are going to significantly change the way that alimony is approached in the future.For the last 75 years, people have been able to deduct their alimony payments. So, if you had to pay $24,000 per year to your ex, you could at least write that...
You generally take care not to spend more than you earn. You understand the value of some debt, like taking out a mortgage. However, you never make excess purchases on credit cards or rack up more debt than you can afford. Could you still wind up involved in...
You and your business partner both own 50 percent of the company. You have run the business for the last decade, and you plan to run it until you retire.However, your business partner would rather sell. He or she thinks that the value is as high as it is going to get...
After your divorce, you may be happy to think that you do not have to have any relationship with your ex anymore. That's the whole point of splitting up. You want nothing to do with each other.However, do not be so quick to write this off. In some senses, if you have...
Debt and missed payments have mangled your credit score. You know that bankruptcy is your only option. It is going to erase your debt and give you a fresh start. What you worry about, though, is how you can rebuild your credit after declaring bankruptcy. How can you...
When considering how you will pass your assets on to your family, you need to use far more than precatory language. Essentially, precatory language is the act of verbally promising someone that he or she will get something. It may be specific or more general. Either...
An inheritance tax is a tool that governments sometimes use to tax assets that people get as part of an inheritance. As you can imagine, this tax can have a big impact when leaving a significant estate to your heirs.You may think that Michigan doesn't have an...
After divorce, you and your ex need to have a child custody plan in place. You also need to figure out how you can reduce stress on the children and help them adjust to this new living situation.One potential solution is known as bird-nesting, and it is a relatively...
A lot of senior citizens are finding themselves in a place that they simply never expected to be at their age: bankruptcy court.Some seniors simply weren't able to earn enough money over the years to pay off their debts and put money away for their retirement. When...
