A comprehensive estate plan deals with many aspects of passing on assets upon one's passing. This may include physical assets (e.g. automobiles, real estate), heirlooms and memorbilia, as well as monetary assets (e.g. life insurance proceeds and retirement accounts).
It's not easy for millenials and other young professionals in Florida to understand the value of estate planning. For one, they may under the impression that they don't have enough money (or assets) to create a plan. Also, they may feel as if they need to wait till they are older or more established in their careers. While these are valid reasons, estate planning is more than just creating a will. In fact, there are a number of important steps young people can take to prepare for their future.
Let's face it. Raising children is expensive no matter how much a parent makes. Consider that divorced and separated parents must do this (essentially on their own) while maintaining a household on one income, it is no surprise that child support is a necessary part of being a single parent.
Child custody matters are inherently complicated. Florida family court judges must make such decisions by viewing each situation through the lens of "the child's best interest" factors; a set of provisions that considers the child's environment, contact with family members and the effects a change would have on the child, to name a few.
While it may not seem like it for some people going through divorce, but life goes on after the split is finalized. This also means that divorcing parents continue their romantic lives and may meet someone new. When this happens, the inevitable challenge is introducing a new love interest to children. There is no simple or sure-fire way to do so. It really depends on the person, the parent, and the child's temperament. With that said, we offer some tips to make the process easier.
Divorce can be a trying time, but it can also be the start of a new beginning, both emotionally and financially. To prepare for life after being a couple, divorcees in Florida have a number of things to consider as they embark on a new stage of their lives. After all, they may have less income to live on, and more financial obligations. Because of that, planning is essential. This post will explore several important elements.