Your Guide to Debt and BankruptcyYour Guide to Debt and Bankruptcy

About Me

Your Guide to Debt and Bankruptcy

About 10 years ago, I secured my dream job with one of the largest corporations in the country. The job came with a substantial increase in pay and I soon looked for a large house for my family. After living the life I dreamed of, I was let go from my current position. I had a large amount of savings, but the economy took a turn for the worse and savings were quickly drained. I soon became stressed about finances. I could not pay the mortgage and bill collectors started to call my house. I refused to be defeated though, so I met with a bankruptcy attorney instead. I live a much simpler life now with my family, and I want you to know that financial stress does not have to affect you for years. Read my blog to learn about bankruptcy, debt laws, and how to hire an attorney.

Getting Married For A Second Time But Family Is Concerned? Estate Planning Is A Must

If you are about to walk down the aisle for the second time in your life and you have some loved ones that are hesitant about your doing so, you can put everyone's mind at ease by meeting with an estate lawyer. If you have children from earlier in your life, family members that you want to take care, or finances that you need handled, getting a will can clear up a lot of headaches.

It doesn't matter if you are young or old, having a will is going to prevent arguments and issues if you go without expectation. Before you walk down the aisle, you need to talk with your lawyer about a will and a prenuptial agreement. Here are a few things to consider.

Who Makes Your Medical Decisions?

If you had a medical injury or something happened and you couldn't make your own medical decisions, who would be the one to do this for you? Would you want it to be your soon to be spouse, a sibling, or possibly one of your children? You want to make this decision in your will since by law it would be your spouse if not documented as someone else. Be sure to discuss this with whoever you choose so there aren't issues if this problem comes up.

What Happens to Assets?

Do you have things that you want to go to your children, and others that you think your spouse can have? You want to divide everything down to the furniture in the house so there isn't any debate on who is getting what, or what you wanted. The estate lawyer will go over all real estate, vehicles, bank accounts and more for the will.

What Arrangements Do You Want?

If you are looking for something short and simple, like a cremation and a memorial, you need to have a will. If you don't want a big funeral, if you want to be put next a first spouse, or if you have other wishes, make the arrangements in advance so your family doesn't have to do that for you.

Getting married for a second time can be more complicated from the first when it comes to planning a will, but with the help of a will and a prenuptial agreement your spouse can know what to expect in advance before you get married. Talk with your family and spouse, and with a lawyer—like those at Lisa Cappolella Attorney at Law and other firms—to work out all the details.