During a divorce, your primary focus will frequently be on dividing your assets, working out alimony, and deciding on the custody of your children, as well as their financial support. There are a number of other tasks to which you should also give some thought. One thing that divorcing couples sometimes neglect is to change their beneficiaries. Generally, your spouse will be the beneficiary of your assets, but once you get divorced, you might not want him or her to get your assets upon your death.
Palimony is more or less like alimony, but there is one major difference. While alimony is paid to a former spouse, palimony is paid by one member of an unmarried couple to the other if their relationship breaks down. As with alimony, not everyone is entitled to palimony in case their relationship breaks down.
When You May Get Palimony
There are three main circumstances that may see you enjoy palimony if you separate from your partner.
Deciding whether or not to hire a probate attorney can depend on a lot of things but the decision is often one made by the executor of the estate. Because the executor is responsible for settling everything, there may be things that come up that they need help with. This is where a probate attorney comes in.
What Is Probate?
Put simply, probate is the process of distributing the estate of the deceased to the heirs and beneficiaries.
Divorce at any age is painful. But, for seniors, separation introduces an extra set of challenges. If you're facing divorce later in life, it's vital you know how to move forward, especially when it comes to your finances. Here are two critical things you need to do now to protect yourself.
1. Consider Financial Freedom
The marital home, vacation home and the dream car you always wanted all seem like assets you want to keep after the divorce.
The experience of divorce can be a traumatic and trying experience. There will be many legal issues and conflicts that will arise over the course of these proceedings, but these are not the only steps that will need to be followed. More precisely, there are a few tips that can help you with establishing yourself after the divorce.
Minimize Contact With Your Ex-Spouse
It can be tempting for individuals to want to reach out to their former spouses following divorce proceedings.