Tips about What to Do with Your Finances If You’ve Chosen to Get Divorced

 Divorce  No Responses »
Apr 162012
 

Getting divorced is never a pleasant thing, and emotions can override logic in the process, making it hard to focus on the important part of a divorce: finding peace. To help you towards your goal once you have decided to get divorced, here is a list of a few tips that can help anyone come through a divorce a little easier and also help you come out with a better ability to start to rebuilding your life.

Make sure you are informed. One of the most difficult things to deal with when you’re getting divorced is false information. Nothing can hurt getting your finances in order when you leave your spouse than information that is simply not true. Collect all of your account statements for the past few months, and include other pertinent documents, such as liability statements and other assets. Gather the credit card statements, retirement values, student loans – everything you can think of that has to do with your finances, find it, and keep it in one location so you don’t ever leave something out.

At the same time, make sure you use all of this information to help you understand the household income. Knowing how much you have made combined for the last three years, including windfall money and tax return money, can help the split happen faster.

Hire quality professionals. Even if you don’t have a very good financial situation, you should investigate the right person to hire thoroughly. Hiring the wrong person can guarantee that you don’t get your fair share, especially if you’re keeping the kids and you haven’t worked outside of the home in some time. Use a different financial professional than the one your husband is using as that can just confuse things even further. Speak to several different professionals so you can find one that fits your unique needs.

Make sure everything is in the right name. If you have a joint credit card and your ex has agreed to pay it and then they don’t, you are still liable for that balance on the card and it will affect your credit if your ex doesn’t pay. Make sure that before the divorce is finalized, everything is in its place when it comes to joint debt.

Settling a divorce isn’t easy, but the right professional and advice can make it a bit more smooth so you can continue on with your life afterwards.

Author Bio: Elizabeth Roque is an in-house writer for Franklin Debt Relief. She presents information about debt relief programs, credit card debt relief and getting out of debt on a variety of financial sites online.

 Posted by at 11:33 pm  Tagged with:

Alimony Considerations

 Alimony  No Responses »
Feb 162012
 

In a divorce whether you are the man or the woman, alimony is a very important factor when facing divorce in Utah. Your Utah Divorce Lawyer should know the law and how it can affect your case. The law is always evolving concerning alimony and the effect it will have on your divorce. In this article we will briefly go over the law and list some possible effects on your divorce so that whether you are the man or woman in the divorce you will have some understanding and knowledge as to how it will affect your divorce and some possible outcomes you may have.

Alimony considerations are outlined in the law in the Utah Code. Specifically in Utah Code Annotated section 30-3-5. This section outlines some things that the court should consider;

(8) (a) The court shall consider at least the following factors in determining alimony:
(i) the financial condition and needs of the recipient spouse;
(ii) the recipient’s earning capacity or ability to produce income;
(iii) the ability of the payor spouse to provide support;
(iv) the length of the marriage;
(v) whether the recipient spouse has custody of minor children requiring support;
(vi) whether the recipient spouse worked in a business owned or operated by the payor spouse; and
(vii) whether the recipient spouse directly contributed to any increase in the payor spouse’s skill by paying for education received by the payor spouse or allowing the payor spouse to attend school during the marriage.
(b) The court may consider the fault of the parties in determining alimony.
(c) As a general rule, the court should look to the standard of living, existing at the time of separation, in determining alimony in accordance with Subsection (8)(a). However, the court shall consider all relevant facts and equitable principles and may, in its discretion, base alimony on the standard of living that existed at the time of trial. In marriages of short duration, when no children have been conceived or born during the marriage, the court may consider the standard of living that existed at the time of the marriage.
(d) The court may, under appropriate circumstances, attempt to equalize the parties’ respective standards of living.
(e) When a marriage of long duration dissolves on the threshold of a major change in the income of one of the spouses due to the collective efforts of both, that change shall be considered in dividing the marital property and in determining the amount of alimony. If one spouse’s earning capacity has been greatly enhanced through the efforts of both spouses during the marriage, the court may make a compensating adjustment in dividing the marital property and awarding alimony.
(f) In determining alimony when a marriage of short duration dissolves, and no children have been conceived or born during the marriage, the court may consider restoring each party to the condition which existed at the time of the marriage.
(g) (i) The court has continuing jurisdiction to make substantive changes and new orders regarding alimony based on a substantial material change in circumstances not foreseeable at the time of the divorce.
(ii) The court may not modify alimony or issue a new order for alimony to address needs of the recipient that did not exist at the time the decree was entered, unless the court finds extenuating circumstances that justify that action.
(iii) In determining alimony, the income of any subsequent spouse of the payor may not be considered, except as provided in this Subsection (8).

(A) The court may consider the subsequent spouse’s financial ability to share living expenses.
(B) The court may consider the income of a subsequent spouse if the court finds that the payor’s improper conduct justifies that consideration.
(h) Alimony may not be ordered for a duration longer than the number of years that the marriage existed unless, at any time prior to termination of alimony, the court finds extenuating circumstances that justify the payment of alimony for a longer period of time.

Some things in this statute that need to be highlighted are that the Courts in Utah will look at;

  1. Need of the Spouse that is asking for alimony – If the court establishes that he or she has a need then,
  2. Ability of other Spouse to pay for Alimony

If both of these prongs are fulfilled then the Court will look to everything else listed above. If your are facing a divorce in Utah make sure you educate yourself on these issues so that you will be better enabled to make a good decision if you settle. Good luck.

 Posted by at 2:35 am

Finding The Best Child Custody Lawyer

 Child Custody  No Responses »
Oct 212011
 

Sometimes a divorce is the only solution. Even though, it solves one problem there are still other issues that both parties must work out; especially, when children are involved. This is not only a devastating time for parents, but it can be devastating for the children as well. Finding an experienced child custody lawyer or law firm like The Garrison Law Firm makes a difference in how the case is handled.

Contact Our Child Custody Lawyer Now!

They deal with sensitive issues surrounding child custodian laws and statues everyday. An experienced attorney will work to expedite the order of child custodian rights as quickly as possible. Parties can come together with their attorneys and discuss the best possible solution regarding child related issues. If the child is old enough he or she can speak on which parent he or she prefer to live with and which one he or she wants to visit.

The laws governing children is complex and overwhelming to anyone who do not know how the system work. However, this should not stop anyone from seeking legal counsel. Usually a divorce lawyer is also an experienced child custody lawyer as well. They are trained in areas of family law, child custody law, child support modification, and other related issues surrounding a divorce.

Getting a divorce is not the end of a friendship, it is the beginning of a new life for everyone involved. Children too must learn to adjust to living with only one parent. The process can be handled in a very positive way, providing both parents can reach an amiable decision. The decision must be what is best for the child as well. However, a great child custody lawyer will handle all the necessary paperwork.

The decision to hire a child custody attorney should not be based solely on the cost of their service, but rather on the quality of their service. Experience and sensitivity should also be great motivating factors that governs any decision concerning hiring an attorney. Let the lawyers at Garrison Law firm help out this child custody issues that are bound to come up when a divorce is the only solution.

 Posted by at 4:55 pm

5 Benefits of unsecured debt consolidation loan you must be aware of

 News & Articles  No Responses »
Sep 292011
 

Credit card debts are increasing more and more with each passing day. As such, most of the people are looking to take out unsecured debt consolidation loans so that they can get financial help and pay off their outstanding debts with ease. Since the debtors do not find it convenient to repay their credit card debts with high interest rates, so they are looking for unsecured debt consolidation loans with low interest rate. This will help the debtors pay off their debts in a much convenient way and live a debt free life.

5 Benefits of an unsecured debt consolidation loans

Go through this article to know about the 5 benefits of unsecured debt consolidation loans.

1. The loan ensures low monthly payment – If you want to reduce the monthly payments on your loan, then unsecured debt consolidation loans can be said as the best way to do so. Since this type of loan has low interest rate and the term period to repay the loan is also extended, so the monthly payments can be reduced. As such, the loan gives you the facility to make low monthly payment.

2. Consolidation loan offers low interest rate – You have to pay low interest rate in unsecured debt consolidation loans. It is seen that most of the debtors default in making their credit card payments due to the excessively high interest rate charged on their debts. As such, these debtors look for suitable options so that the interest rate on the outstanding debts may get lowered. This, in turn, will help the debtor to pay off their outstanding debts with ease.

3. Consolidate all your payments into a single monthly payment – With the help of unsecured debt consolidation loans, you can merge all your multiple payments into a single monthly payment. When you take out an unsecured debt consolidation loan, you get lump sum amount of cash with which you can pay off your unsecured debts that charge high interest rate.

4. Improve your credit score with debt consolidation – If you have multiple debts to pay off and you decide to consolidate your debts through unsecured debt consolidation loans, then you will be able to improve your credit score. Since you will be making your payments on time with the help of unsecured debt consolidation loans, it will be reported to the credit bureau. This, in turn, will help you improve your credit score. However, you need to be sure that the loan company informs about your payments to the credit bureaus.

5. Consolidation loan helps you eliminate the late fees – You may have missed some of your credit card payments. As such, you will have to pay late fees and penalties against the payments that you’ve missed. In such a situation, you can take out unsecured debt consolidation loans since this loan helps you get rid of your late fees and penalties. You may simply revise your monthly payment since the late fees and penalties will be removed.

It is advisable that before you take out an unsecured debt consolidation loan, you make yourself aware about the benefits of it so that you can make the use of it in the most appropriate way. You also need to keep in mind that you have to manage your payments in order to make your monthly payments on time and, at the same time, avoid lowering your credit score.

 Posted by at 11:58 am

The Key To Finding A Great Indianapolis Divorce Attorney

 News & Articles  No Responses »
Aug 152011
 

Having the right Indianapolis divorce attorney is essential when you’re going through a divorce. It can be something that is tough to go through, and you might find extra stresses along the way, but knowing that you have a great divorce lawyer from the area to back you up can leave some of the stress of getting a divorce behind when the time comes since they will be able to take care of everything that is needed to be done and just let you know what they need from you.

If you are considering a divorce, contact our Indianapolis Divorce Attorney now!

You will want to ask the lawyer some questions to find out if they are the right fit for what you’re looking for. One of the questions that is very important to ask is about the price and how much their services are going to cost you in the end. This is something that you’re going to have to ask since you might be on a budget, and you might have to put a price on a divorce lawyer. You have to keep in mind however, that you’re going to have to have a reasonable idea of how much the lawyer is going to cost you. You also want to know how long they have been doing this line of work, and how many other cases they have won. This is because it will give you an idea of what they do, how they do it, and how good they are at doing it as well. You want to win, and if they can help you win, then you’re going to want to hire them as your attorney.

There is a lot to keep in mind, and you want to make sure you’re doing the best job possible when it comes down to it. This means being able to get the most out of the attorney that you hire, and you can make sure to do just that when you meet and talk with the Garrison Law Firm and learn what they can do and what they offer when it comes to getting you through your divorce. You need every base covered, and they will be sure to cover them.

You can even learn more from some of the professionals in the Indianapolis area from the Garrison Law Firm. Not only are they committed to what they do, but they actually care about your case and want to get you the best results in the end.

 Posted by at 7:56 pm

Tax Problems are Critical – Seek Legal Help from an Experienced Lawyer

 News & Articles  No Responses »
Aug 112011
 

Tax problem can make you spend sleepless nights. You can get involved in such a problem easily. And once engaged, it takes a long time to get out of this. There are several reasons for which you may fail to file for the tax. Long lasting illness, record loss, ineffective preparation for tax return, rapid changes in tax law and many other unpredictable turn of event may keep you from filing the tax return.

However, your reasons for the failure are not acceptable in the court and can land you in serious trouble with the Internal Revenue Service (IRS). This chaos may divert you from your responsibility and hamper your productivity.

If entangled in such a situation, you need the help of an experienced Washington DC tax lawyer . You may represent yourself in this case. However, once the case begins you may find out that the decision was a big mistake as you may lack the necessary legal knowledge to make a strong stand. It is a wise idea to allow a professional with in-depth legal training to handle the matter.

The lawyer will evaluate your financial condition and will present the useful method to pay off the tax. He/she will help you negotiate with the IRS and find an agreeable solution. There are different types of steps you can take. You can delay the payment for a certain period of time or you can reduce the amount of the payment. Your lawyer will guide you about the best possible action.

 Posted by at 10:19 pm

Welcome

 News & Articles  No Responses »
Aug 102011
 

Welcome to our new blog. Please check back for news and articles related to Family Law and Divorce Cases.

 Posted by at 12:34 pm
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