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Divorce And Credit Card Debt: The Basics

Posted by on Sep 29, 2015 in Uncategorized | Comments Off on Divorce And Credit Card Debt: The Basics

Getting divorced is a difficult experience in the best of circumstances, but it’s even more complicated when a large amount of credit card debt is involved. Credit card obligations cannot be ignored, however, even when a marriage is dissolving. Not dealing effectively with this issue could put your financial future at risk. This article looks at some of the basic facts you need to know concerning this serious topic.  Responsibility  Perhaps the key question regarding the issue of credit card debt and divorce is whether you are responsible for the debt. A crucial factor is the state law where you live. State laws on this matter fall under two categories: common law or community property. Here is a closer look at each.  Common Law  Generally, in common law states, which are the majority, you are only responsible for a credit card debt if your name is on the...

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2 Reasons To Hire A Probate Lawyer When A Loved One Dies Without A Will

Posted by on Sep 9, 2015 in Uncategorized | Comments Off on 2 Reasons To Hire A Probate Lawyer When A Loved One Dies Without A Will

If a close loved one passes away and does not have a will, you may want to seek advice from a probate lawyer. A will is an important document used to distribute assets after a person dies, and this distribution can get tricky when there is no will to work with. Here are two reasons you should get legal help for this situation. To Understand The Probate Process When a person dies, the probate court is used regardless of whether there is a will or not. Probate court is there to transfer legal rights of assets from one person to another, and they also make sure debts of the deceased are paid. When a person has a will, this process is a lot easier, because the document will state how to divide things. Without a will, the court is...

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