Many people believe that estate planning is just for rich or senior members of the society, but this isn't true. Anybody can benefit by anticipating and arranging for their estate's demise before their demise. Therefore, if you are a young adult in college, it's time to plan your estate, if you haven't done so. This is because, apart from planning for your "meager" assets disposal, estate planning will also help you with other arrangements, such as these three:
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The issue of probate and what it means seldom arises until someone dies, and therefore no one gives much thought to dealing with it. That can change quickly, however, particularly if you've been named as the personal representative (executor) of a deceased person's estate. Estate attorneys do exist, but it can be immensely helpful to have a basic understanding of what will happen during the probate process. Read on to see the three quick steps that comprise probate.
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Going through a divorce is a tricky and confusing process, under the best of circumstances. However, if you live in a community property state, it can make this already difficult time even more stressful. Only a handful of states possess community property laws, which determine how any assets and debts are split between the two spouses after the divorce. If you are going through a divorce and don't understand community property laws, here are a few frequently asked questions you might have:
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According to Statistics Brain, as a whole, employers across the United States lose around $50,000,000,000 in revenue each year because of employee theft. If you are a small business owner and suspect your employee is stealing from you, chances are your first instinct will be to fire the individual and move on. However, depending on the state in which you live, firing an employee for stealing might actually get you into hot water, instead.
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When you decide to negotiate an accident settlement instead of continuing a lawsuit all the way into court, it's often because you want to get paid faster, and agreeing to settle is usually faster than going to court and waiting for a judgment. However, "fast" is a relative term—the speed at which the law moves may not be the same as your idea of what is fast. Once you and the other party have agreed to a settlement, there are still a few things that have to happen before you get a check.
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