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Wednesday, October 26, 2011

The Need to Prove Bankruptcy Filing After Final Divorce Settlement and Debt Assignment

Divorce and credit play major roles in the dissolution of marriage often leading to the need to file bankruptcy. While bankruptcy isn't always necessary following the distribution of assets and liabilities, it does become a major concern for those couples with limited financial means or in cases where the family budget relied on two incomes. The contention relevant to the distribution of liabilities can be avoided if the couple is willing to work amicably to settle those issues, but when the divorce is one full of hostility this doesn't usually happen. These dissentions tend to happen more often in cases that involve adultery or only one of the parties wants a divorce. While the divorce lawyer can attempt to help the couple resolve these issues, he or she is not always successful nor is there a guarantee the couple will hold up their end of the agreement. 

Assess the Potential Effects of Divorce on Future Credit and Returns on Investments

When you are ready to invest, there are specific reasons why you choose to do so, and an over-abundance of money does not even come into the picture. Unfortunately one of the effects of divorce is sometimes a reduced return on some investments. This doesn't happen because the divorce itself causes negativity directly but rather because people sometimes during and after divorce people have a tendency to reduce the amount of money they invest in each individual asset ultimately reducing the overall return on those investments Even those investments in the form of businesses or real property may be affected also if the owner applies less money toward their upkeep. 

Thursday, October 13, 2011

The Importance of Valuing Joint Property in a Divorce

While it is very difficult and time-consuming, the value of jointly held property is a very important part of your divorce settlement, especially for those who live in community property states. The valuation of joint property requires a great deal of preparation by each divorce lawyer especially if the divorce takes place in one of the community property states and either of the parties in the divorce owned property individually prior to the date of the marriage, and the property increased in value substantially during the marriage. Both spouses will need to work with their divorce lawyers in order to facilitate the preparation of a balance sheet of all joint marital assets.

The Price of Gold: Developments in Recent Months

Gold is a commodity that has attracted a great deal of interest in recent months – a circumstance that should not surprise anyone familiar with the history of this precious metal.  Since ancient times, gold has been regarded as a safe way to store wealth.  Though no investment is completely free of risk, gold is still seen today as a way to protect and build assets, particularly during trying economic times such as we have seen in recent months.

Friday, October 7, 2011

3 Ways To Survive On The College Kids Budget

Being a college student these days is hard. You have exams, papers, more reading assignments to finish than your brain knows what do with. If you think that being a student is hard, surviving on a college students budget is even harder. Living on your own for the first time can be a daunting challenge, even for the students who thought they had it all figured out. Now, not only do you have the responsibility of completing your school work, but you also have to make sure that the rent gets paid, your groceries get bought, your bills are paid for and your car has fuel. Too much you say? Well never fear because despite what you may think, there are ways to live off of your own meager finances without having to beg mom and dad for cash.

Should You Buy Life Insurance for Your Kids?

Although life insurance was initially designed to provide a form of financial sustainability for the beneficiaries of an adult when that person passes away, many people feel it’s important to buy a life insurance policy for their children. Doing so is a matter of controversy. Some people feel it’s a perversion of the process, while others consider it a viable method of setting aside money for the child’s future. No matter which side of the question you come down on, there are advocates but seemingly no discernable consensus. 

Smart Ways To Pay Off Student Loans

If you are presently a college student or were one in the past, there is a good chance you are carrying some student loan debt. Student loans are essential for many students, but the burden of repaying them can last long after you have graduated. Fortunately there are some strategies that can help make student loan repayment one less stress. You should definitely take minute to check them out if you are looking for smart ways to pay off your student loans.

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