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Common Terminologies Used in Estate Planning

On behalf of The Law Office of Wickersham and Bowers posted in Estate Planning on Tuesday October 12th, 2021.

Understanding the concepts of estate planning can be difficult and exhausting. First, you face difficulty while setting the tempo. Even if you get the hang of it, the extensive range of terminologies used in estate planning can make it harder for you to grasp the concept. Before getting into any field where you lack relevant knowledge, it is always recommended to get in touch with an expert who can guide you through the particular terminologies and the estate planning procedure. 

Here are some of the most repeatedly used terminologies, which will certainly help you go through a simple estate planning document.

Decedent

This term indicates the deceased person whose will is to be considered in front of the authorities. 

Beneficiary

The word ‘beneficiary’ indicates the person who is the authorized person to deal with relevant matters. In the cases of estate planning, the beneficiary is the person who receives control over the deceased’s possessions such as property, money, or other assets. This person can be a spouse, children, or other relatives (if mentioned in the will).

Executor

The executor is the person trusted to execute all the instructions written down by the decedent in their will. In most cases, this executor is a trained attorney. However, it can also be a relative or a friend. 

Testator 

The person assigned to pen down the will for the person in question is called a testator. While testator refers to a male writer, testatrix is a female writer.

Conservator

The court appoints a conservator for someone who is disabled, either mentally or physically, to take care of their assets and set up a will for them to be executed after they pass away. 

Power of Attorney 

If the relevant person in question cannot attend court hearings and deal with other formalities in an estate planning decision, a power of attorney is given charge to deal with all such aspects on behalf of the decedent. 

The Law Office of Wickersham & Bowers deals with all kinds of cases associated with Estate Planning. Contact now or get in touch with our 24/7 customer live support to know more. 

How is Child Support Determined in Divorce?

On behalf of The Law Office of Wickersham and Bowers posted in Family Law on Tuesday October 12th, 2021

When parents split, the divorce settlement indicates who the children will reside with, and the child support also concludes the circumstances under which the other parent would meet the child. Parents frequently need to work out such arrangements, either voluntarily or with the help of their attorneys. However, if they cannot come to an amicable agreement, the court may step in to make the best decision in the child’s favor.

Matter of Consideration in Child Custody Decisions:

The court evaluates several variables while selecting who will receive custody. Although it can be challenging to ascertain, the court is focused on what will be the best option for the child. The parent who has been the primary caretaker is often the deciding factor. If the children are of legal age, the court will consider their wishes while making a custody judgment.

Some common factors influencing the court’s decision are as follows:

  • Interaction and relationships with other family members
  • Child’s age and their sex
  • Parent’s mental and physical health
  • Religious or cultural concerns
  • Stable home environment
  • School and community adjustments
  • Evidence of drug or alcohol misuse
  • Excessive parental discipline or emotional abuse

Types of Joint Custody Agreements:

Once the investigation ends, the Judge will decide between the following two custody types:

1. Joint Physical Custody

Joint Physical Custody entails the child living with both parents for “substantial periods”. The children will have “regular and continuing contact” with each parent.

However, this does not imply that the child has to spend equal time with both parents. The child would spend half of their time with the primary custodial parent.

2. Joint Legal Custody:

Joint Legal Custody is when both parents decide to share the right and obligation to make significant decisions for their child with mutual understanding. The decisions made may include:

  • Childcare costs or schooling
  • Child’s residence
  • Religious entities or activities
  • Health issues

Some differences may occur during the process of making these decisions, which may necessitate the court’s involvement.

Need Assistance? Contact Us Today:

The fear of losing your beloved child can cause severe and long-lasting anxiety. Thus, you must seek the assistance of a knowledgeable attorney to guide you through this challenging procedure. Contact us today to get a quote.

What Is a Prenuptial and a Postnuptial Agreement?

On behalf of The Law Office of Wickersham and Bowers posted in Estate Planning on Monday September 13th, 2021.

What Is a Prenuptial and a Postnuptial Agreement?

Prenuptial and postnuptial agreements are commonly confined to the events of marriage and engagement. Though, there is a common misconception that needs to be addressed. In the olden times, these agreements were discouraged. They were thought to encourage the dissolution of relationships. However, with all the advancements in today’s world, people realize the importance of the protection of their assets for themselves and the generations to come.

Prenuptial Agreement

People considering a second marriage and having major assets can benefit greatly from a prenuptial agreement. Not only that, people who are getting married at a very old age and want to secure some of their assets for their children can make good use of prenuptial agreements.

Sorting such details before getting married can be very useful to avoid marital disputes and divorces in the future. If things are already classified as shared property and separate property before marriage, the property division is easier. This applies to divorce or the death of the significant other.

However, all the assets possessed by both partners must be fully disclosed to form an agreement. In addition, the presence of an attorney at the time of constructing a prenuptial agreement will be helpful in case one of the partners has been dishonest about their possessions.

Postnuptial Agreement

A postnuptial agreement, as opposed to a prenuptial agreement, is drafted after a couple engages in marriage. It can be useful to finalize the distribution of assets in case of sudden demise and other prominent events.

One can opt for a postnuptial agreement to secure savings and assets after a major financial crisis. For instance, the wife may want to ensure a sizeable amount of money to avoid turning into debt because of her husband. Similarly, many other reasons can be the cause of drafting a postnup between couples.

Insufficient knowledge about these legal proceedings may cause you huge losses. Therefore, having an attorney on your side in such matters is always recommended. For that reason, we are here to assist you every step of the way at Wickersham & Bowers.

Dealing with a Domestic Violence Restraining Order

On behalf of The Law Office of Wickersham and Bowers posted in Family Law on Monday September 13th, 2021

It is neither easy to be a victim of domestic violence nor is it manageable to fight a case against it all on your own. Dealing with a restraining order for domestic violence can lead to grave consequences.

Consequences of domestic violence 

  1. Deportation: You may be vulnerable to losing your legal status in the United States. 
  2. Imprisonment: It will cost you your freedom, with 1 to 3 years of jail time.
  3. Time loss: You will be required to attend a conflict and accountability program for 52 weeks.
  4. Financial loss: In some cases, you may be charged with a penalty of $10,000.
  5. Career barriers: General livelihood and career is affected as the domestic violence charges will be added to your history.
  6. Order to stay away from home: If your partner lives in the same house and is parenting a child, the court may order you to leave the house as it will interfere with the child’s upbringing.

However, there are cases in which the accusations on the individual are false. In that case, there are several ways to defend yourself.

False allegations: 

There can be different reasons why your partner would falsely accuse you of domestic violence. It can gain their benefits in the family court and help them to obtain custody of the child. However, defending yourself is your legal right. The attorney will help you conduct a background check of your partner for any history of false allegations they might have.

Self-defense 

If you want to protect yourself against any dangerous situation, you may use self-defense. However, it could be used against you in court to degrade your records. Moreover, the pressure on police to arrest the oppressor can also make them take the wrong decision at times. 

The attorney will help you find evidence of any past injury through medical history or photographs to prove that you are not the oppressor. Secondly, the complete story can also help you give an edge in the court. 

Accidental injury 

A fight can turn into an accident sometimes. Either your partner or the police can take advantage of the situation and arrest you in the case of domestic violence. However, you can defend yourself with the help of a skilled attorney. Proofs can be provided about how the whole incident happened with the help of the attorney. To know more, get in touch to book an appointment so that we can discuss your particular case in detail. 

Keeping Children Safe During Divorce Proceedings

On behalf of The Law Office of Wickersham and Bowers posted in Family Law on Wednesday August 11th, 2021

It can be difficult to know what is best for children or how best to keep them safe during an ongoing divorce. It is important to understand the rights and responsibilities that are in place from the moment a divorce petition is filed so that children are kept safe and both parties can come out of the divorce with their parental rights and relationships intact. 

Know the Rules During a Divorce 

Regardless of the situation, it is important to know that once a legal separation is granted and divorce proceedings begin, neither parent is allowed to take children out of the state in which the divorce is occurring. 

This is done to safeguard the children and to determine the state of the family at the time of the divorce. 

What this means though is that planned trips, vacations, or other activities may have to be put on hold while the process is ongoing. 

Be Honest and Forthright

It is important to include both parents in the divorce discussion and to be as open and honest as possible without blaming or shaming either parent during the conversation. 

It also helps to allow children to express their feelings and concerns as well as ask any questions they may have about what is going to happen moving forward. It is important to remember that while the divorce is going on, it’s not a good idea to discuss custody or living arrangements unless the courts have already made a decision regarding those facts. 

The goal is to make the process as smooth as possible for the children while handling the logistics of the divorce. 

Never Use Children as Intermediaries or Bargaining Chips 

Remember that the divorce should be settled by the parents, the courts, and the legal representatives on either side. This means that children should largely be kept out of the legal proceedings. 

Using the children to communicate with your spouse should never be an option. Neither is using your children to gain leverage or information on your spouse. 

At Wickersham and Bowers we know that divorces can be messy and painful endeavors, but that’s why it’s important to have the right legal representation to help make the process as simple and pain free as it can be. 

If you’re considering a divorce, contact us today for a consultation

Do You Need an Estate Lawyer?

On behalf of The Law Office of Wickersham and Bowers posted in Estate Planning on Wednesday August 11th, 2021.

Planning an estate is both a sad time and a complicated time for many families. Depending on the size of the estate and beneficiaries involved, the entire process can feel overwhelming. While it is entirely possible to handle the planning of an estate on your own, there are dozens of legal matters that can come up that can make the entire process even more confusing and take much longer than it should. 

Here are a few things to consider when deciding whether or not you need an estate lawyer on your side. 

How Much Does the Executor Know About the Estate? 

When putting together an estate, there is always someone who is put in charge of all the finances, the assets, and the distribution of the estate. This requires not only an understanding of any wills or other instructions left for the estate, but a deep understanding of the finances surrounding the estate and how best to manage and distribute wealth for all parties involved. 

Because of tax laws surrounding inheritance, the age of the benefactors, and other issues, it is generally a good idea to have an estate lawyer there to assist with planning the estate. 

Are There Minors Involved? 

In the case where part of an estate is to be left to children under the age of 18 (or in some cases 21) then it is necessary for a conservator to be assigned. This person is responsible for managing the assets of the children until they reach legal age. 

Depending on the size of the estate, the way monies are assigned and divided, this can be quite complex and requires the aid of a trained legal professional to execute properly. 

Is Probate Necessary? 

In instances where there is not a clear line of inheritance or when assets are discovered outside the purview of the will, it is generally necessary for these items to go through probate. It is always advised to have a legal representative handle these matters as they can help prevent delays and make sure everything is processed properly. 

At Wickersham and Bowers we know how stress estate planning can be. That’s why we want to be there by your side to make the process as simple and easy as we can. 

Contact us today for a consultation

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