My husband and I are getting older and feel it is time to protect our assests.
I agree with Mr. Deemer. A revocable living trust does not provide asset protection - it is designed for probate avoidance. You want to talk with an attorney about what planning makes the most sense for you. If all your assets have a beneficiary destination or are in joint tenancy, a will may be a less expensive and better option for you, depending on your goals. If you own property in multiple states, have children from a prior marriage or some other particular circumstances, a trust may be a better option. Many attorneys here, like us, offer a free initial consultation, which might be useful for you. I hope this helps.See question
My ex made 6 payments, directly to me, and then not another cent. We were divorced 1/10/96. He met his now wife, and they took my child support and spousal support, and retirement money, bought a house, and raised her kids. Our 3 sons are now grow...
You have 20 years to collect each payment of child support. It is complicated to collect older child support debts, but you also may be able to get 12% interest on all of it going back for years and we can almost always get the payor parent to pay attorney fees. As Mr. Harkness stated, child support collection law firms, like ours, will charge you nothing and do it on a percentage fee basis, where we take all the risk and get a % of whatever we collect. You don't want to wait though, as the longer you wait, more old payments get waived and your chances of collecting interest go down. I hope this helps.See question
Leaving the Country and don't have a Will, and where can get it done?
You need a notary and two witnesses and the self-proving affidavit language for a self-proving will. There are many estate planning attorneys who can do it - we do it on a reasonable flat fee if you want to discuss it. I hope this helps.See question
My ex husband has a contempt order and is $32000 in arrears, doesn't pay his court ordered payments on time, there is a tax intercept on him but he doesn't file taxes and hasn't since 2008. How can I receive my child support owed to my daughter. ...
If he is self-employed, it is difficult to collect. If he works for himself, child support collectors, like us, will pursue him and go after interest and attorney fees from him for a percentage of what we collect. You should speak with a lawyer about the specifics, as we have more incentive to go after him that CSE. I hope this helps.See question
I am not married nor have any children of my own. I lived in England for 45 years and have several millions dollars worth of houses and flats there. I also have financial assets in both the UK and the USA. Assets are worth altogether probably $...
An estate planning attorney to start. I hope his helps.See question
50% is left to a named primary beneficiary 50% is left undesignated 50% is left to a named contingent beneficiary Does it get split between the two beneficiaries because it could be interpreted as a harmless error and they were both to inhe...
Without seeing it, presumably half goes to first named beneficiary if they survived and half goes into the estate, which will need to be probated for sure if it's more than $65,000 and likely anyway since insurance company likely will require it. I hope this helps.See question
I have court appointed child support my ex hasn't paid in 5 years owes $20,000 in back child support.The attorney general wasn't helping so I tried support kids last year and they didn't. Help. So ill try one more time. Thinking about suing.
You actually need more than a wage assignment for past due child support. You need to get a judgment and then a garnishment. Child support collection law firms, like ours, will also collect interest and attorney fees from the deadbeat parent and do it on a percentage fee / contingent fee basis with no costs or retainer to you - we take the risk of collection. I hope this helps.See question
My ex was never good at paying child support and the county enforcement could not usually get much. He knew how to work the system and get paid under the table. He owes about $60K now. I had a child support order but several years ago I stopped ...
The statute of limitations in Colorado is 20 years for each missed payment. You also can collect interest, though you don't want to wait to collect either as that can limit your right to interest. Many law firms, like ours, will collect child support on a percentage fee basis and we get the other parent to pay our attorney fees. I hope this helps.See question
Not a literal share, though it could be an issue as to spousal maintenance. As well, if she gets less than 50% of your and you have been married for more than 10 years, she can get a step up in her so it is equal to 50% of yours (which does not reduce yours). I hope this helps.See question
I own three rental units. I don't have a mortgage on these properties. I rely on the income to support myself and my three children. I am worried about liability in the event of a disaster of some kind. I am wondering what is the most affordab...
I would highly recommend using an LLC for rental properties owned outright. We often advise clients to use one LLC for each property to silo them off from your other assets, but that is a situational decision (for example, we might put the 2 less valuable properties in one LLC and the more valuable in a second LLC or just using one LLC is better than none). I also like LLCs for rentals because you can arrange it with a small amount of effort so that your tenants do not know your home address or even your name if you want to go that far - the set up is flexible. You will want an operating agreement and there are some basics for operating an LLC to ensure limited liability. Many attorneys, like us, do LLC formation on a flat fee basis and it all can be done via email. I hope this helps.See question