It is fairly common for individuals to attempt to keep their estate out of probate by arranging to have their assets put into joint tenancy. While this may be an effective means of avoiding probate in some cases, there are some definite pitfalls to this technique. In the following scenarios, the joint tenancy technique could cause problems down the road: The loss of "stepped-up valuation" Stepped-up valuation is the revaluation of assets that have appreciated in value.
19 May 2015
Slip and fall accidents in front of a home are often due to icy, wet, or slippery concrete sidewalk surfaces. Yet, other hazards could be present due to a homeowner's negligence. Leaving the gate to the front yard or a driveway open and allowing it to obstruct the sidewalk is a really bad idea. Anyone injured because a property owner left a gate open might bring forth a negligence lawsuit in civil court.
18 May 2015
If you are currently going through a divorce, you will need to figure out what to do with the property you own together. The property can be anything from a house or car to furnishings and other belongings in your home. This can be one of the more difficult parts of a divorce, so it is best to start early and get legal assistance. Here are some tips for dividing your property.
14 May 2015
People tend to base their perceptions off of what they see in the media or on television, and unfortunately, when it comes to auto accident attorneys, what they perceive is often far from the truth. If you are ever hurt or injured in an auto accident and you are finding it difficult to reason with the other party involved or the insurance company, you will find that a good attorney will easily become one of the most important people in your life at this time.
12 May 2015
You expect the food you eat in restaurants to be safe. However, around 48 million consumers get food poisoningeach year and restaurants are responsible for 42% of cases. Seeking damages for a mild case that lasted a couple of days will not be worth the time. However, if the contaminated food has caused an extensive illness requiring a trip to the hospital or doctor, you may be entitled to compensation. Here are some tips on pursuing a food poisoning case against a restaurant.
11 May 2015
Do you know what will happen to your minor children if you should pass away? Odds are, you know the importance of having a will and designating a guardian for your kids. But you may not know the best way to make sure they'll inherit the assets from your estate. Conservatorship vs. Testamentary Trust If you don't specify, assets like real estate, investments and cash from life insurance policies go into a legal conservatorship and are held until the child turns 18.
7 May 2015
When under arrest, many people go into full panic mode. This combination of fear, stress, and anxiety creates a condition where they are willing to do almost anything just to make the situation go away. At the first visit to the judge, they will likely receive an offer of reduced charges or fees if they plead guilty. Should You Accept a Plea Bargain Pleading guilty doesn't mean that you are guilty.
5 May 2015