Many people do not have a good understanding of what a trust is; or how it is different from a will. There are many different types of trusts but the main purpose and benefit of having a trust is to keep a person’s estate out of probate after they have died. The biggest difference between a trust and a will is that upon death the property will not enter probate. Even with a will in place, property has to go […]
Separation and divorce have different meanings in the legal system when it comes to splitting up properties and dividing retirement assets. For individuals that have basically the same meaning, two people who were married are no longer living together. There are basically three ways that are recognized by the courts to change one’s marital status, annulment, separation or divorce. Each of these concepts has different meanings and will have different affects on property and asset distributions. States that allow civil […]
There are different types of fees which are charged by legal professionals. Lawyers may charge a retainer fee or work on a contingency basis. Many lawyers charge flat fees for the various services they provide. Sometimes clients, such as large corporations, pay a retainer fee. This means that the lawyer is always available to answer questions or handle any legal matters should they arise.