Sheehan & Associates, P.L.C.

November 2018 Archives

Tips to help you prepare for divorce before you file

The start of the year is a time when people tend to evaluate their life choices. If you are currently in an unhappy marriage, you might decide that you are ready to call it quits. Many people don't want to take this step at the holidays, especially if they have children so they might wait until after the first of the year. Preparing for this step is a good idea if you are going to file for divorce soon.

Choose the type of trusts you use carefully

One thing you have to decide when you are creating an estate plan is whether you need to set up trusts. If you decide that your heirs can benefit from having things placed in trusts so they are transferred easier when you pass away, you'll have to determine what types of trusts you need.

Modifications of support payments are sometimes necessary

Changes in life's circumstances sometimes require you to alter your budget. When you have a child support order in place, you might find that this obligation has become difficult to meet. Of course, you want to provide for your children, but the monthly amount may be too great for you to continue paying it each month as stated in the terms of your support order.

Reduce holiday stress by planning ahead for custody issues

Even parents who have been divorced for many years are probably looking for ways that they can take some of the stress out of the holiday season. Since child custody matters are a big source of stress during this time of year, parents who have a shared custody arrangement should take the time to plan properly right now. Going into the hustle and bustle knowing what to expect can be beneficial.

Bankruptcy has many benefits that you can enjoy when you file

A personal bankruptcy has many benefits, but most people focus on two. One of these is that you will be relieved of your personal debts. The other is that your creditors won't be able to harass you. These are both important, but you shouldn't let them cloud your judgment. We want you to think carefully about how the bankruptcy filing might change your finances now and how it might impact them in the future.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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