No one really likes to think about death — especially their own. However, if you have any assets, it is important you do some type of estate planning. Without estate planning prior to your death, it can leave your loved ones without a way to pay for your final expenses and other household bills that need to be taken care of. Here are three things to keep in mind as you go through your estate planning.
If you're a parent going through a divorce, the custody arrangement of your children is probably one of the most important matters on your mind. Understanding the different custody arrangements is very important when going through a divorce,and knowing the details can help you and your ex-spouse agree on a situation that is beneficial for all of your children. If you are not on good terms with your soon to be ex-spouse, the courts will decide the best custody arrangement for your kids.
After receiving your divorce decree, there may be a few things left for you to wrap up before you can move on with your life. Here are three things you may need to do afterwards, and once you complete these, you will be able to slowly transition into the life of a single person:
Review the Decree
Your divorce decree is a document issued by your lawyers and through the court.
If you are dealing with a massive amount of debt and little cash flow, you might be looking into bankruptcy. While it should be looked at as a last resort, some people are not able to avoid it. Once the process is done, you will no longer be hassled by creditors and will be on your way to repaying your debts and starting over. Before you file for bankruptcy, there are some things you should know about the process.
If you are starting a new business, you need to make sure you have everything you need. This includes your office equipment, the right employees, obtaining permits and licenses, and more. You also need to protect your business, such as with workers' compensation insurance and employment documentation.
Workers' Compensation Insurance
Workers' compensation insurance is important, because it protects you and your business by paying costs that are associated with workplace injuries and illness.