Understanding the Basics of Consumer, Financial and Personal Injury Law

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Understanding the Basics of Consumer, Financial and Personal Injury Law

Up until nine months ago, I always considered myself above everyone else when it came to having good credit. I paid my bills on time and never went a day late on rent. I became the epitome of what a good consumer should be. But after losing my job after 12 years of faithfulness and hard work, my ego took a hit and so did my credit and finances. Humbled, broke and unable to pay my bills, I decided to file bankruptcy. I couldn't get a job right away and the only way to stay afloat was to start over. My bankruptcy attorney helped me do that. I started this blog to teach you how to come back from a financial and personal disaster with your life intact. I hope that you find the legal counsel you need to rebuild your life as well.

3 Tips For Planning Your Estate

One of the things you may want to do is to decide on is how you will divide your estate among your friends and family. This can allow you to have a higher peace of mind and is necessary to ensure your assets are distributed the way you want once you're no longer living. The good news is there are specific tips you can use that will make this an easier job to accomplish. 

Tip #1: Review your assets and liabilities

It's important to take a long look at how much cash and property you may own before starting this task. You will also want to review the amount of debt you may have, as well.

Doing so will provide you with a clear picture of precisely the financial value of your estate, and this is essential when working to accomplish this task.

Tip #2: Decide on your beneficiaries

You will want to take the time to determine the people you wish to leave your belongings to at this time. It's possible you may have close friends or family members that you care a great deal about and want to ensure these individuals are your beneficiaries.

It's critical to ensuring your wishes are followed out that you get have all of the written down and contact an attorney to assist in drawing up the last will of testament or a trust.

Tip #3: Determine the estate trustee

It's essential to decide on a person that will oversee the implantation of your estate plan for you. This should be an individual you trust a great deal and one you can count on, to be honest.

The trustee will ensure all of the details of your plan are carried out precisely as you desire. For instance, you could have some younger individuals as your beneficiaries, and you may not want these people to get any assets until the age of 18 or older. The trustee is responsible for making sure this and all other things are in place.

The key to having the best results when it comes to matter as crucial as this one is certain to rest in being proactive.  Ensuring the division of your estate goes the way you wish will require the right amount of effort. Be sure to work closely with estate planning services in your area to assist you with the completion of this task today!


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