Newark Family And Estate Law Blog
Understanding why you want a prenup makes it easier to talk about
Some couples have a very hard time talking about getting a prenuptial agreement. They find it stressful and awkward. Maybe you do not even know how to get the conversation started. One thing that helps is to understand exactly why you want it. When you can explain this to your
How to tell if you can request a modification of custody
If you’re interested in modifying the child custody arrangement that you have with your ex, the key is to focus on your child’s best interests when you ask for the change. The court does not want to change an existing custody order for frivolous reasons. For instance, perhaps you feel
Sentimental items have a subjective value
When dividing an estate, it is often easiest for children to simply auction off minor assets and possessions that they do not need and that no one really wants. They can then split the money up evenly and ensure that everyone actually gets the same value out of those assets.
Should you tell your kids about divorce alone?
Your spouse asks you for a divorce. Later that day, while you’re at home waiting for the kids to get back from school and your spouse is at work, you start wondering how you should approach this. Do you just tell the kids about the divorce by yourself as soon
Estate planning considerations during a divorce
Estate planning is an ongoing process, not something you do once and forget about. When major life events happen, like a spouse filing for divorce, you will want to revisit and update your estate planning documents to ensure they reflect your current wishes. It is important to update estate planning
One downside of an educational trust with a general pot
When creating an educational trust for multiple heirs — three grandchildren, for instance — people will sometimes elect to put all the money into the same “pot.” They just set up a general fund and all three heirs are allowed to take the money out and use it for college-related
Divorce may come after these 5 life events
For many people, divorce happens slowly, a process that takes time. The relationship slowly erodes until the couple realizes it is just not working anymore. For others, though, a specific life event derails their marriage and leads to divorce. This may be simply because of the stress that event puts
Should estate planning include giving gifts during your life?
Estate planning essentially involves determining how to pass your estate on to your children when you die. However, who says you have to wait until then to give them the assets you have set aside for them? Should you consider doing this while you are still alive? Obviously, this does
Is it advantageous to file for divorce before your spouse?
If you and your spouse have separated or agreed to a divorce, one of the two of you will have to bite the bullet and file for divorce sooner or later. Doing so may be no simple task, you’ll need to make some difficult decisions and gather a lot of documentation.
What you give up when you don’t have a will
Many people put off creating a will or trust, thinking it’s something they can deal with later. However, dying without a will can create significant complications for loved ones and lead to outcomes you wouldn’t want. With intestate succession in California, having a well-crafted estate plan is crucial to protect
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