A do-it-yourself divorce is when a couple goes through the process of a divorce without any assistance from an attorney. The main benefits to a do it yourself divorce are the financial aspect, as you can avoid the legal fees of hiring an attorney.
If a do-it-yourself divorce is not a safe or practical option for a filing couple, then each party needs to hire their own attorney to work against one another in getting a fair split for the couple.
The attorney will handle all paperwork, alleviate stress of the couple, and ensure they are getting the best outcome possible for their client.
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There are a lot of factors that can contribute to the decision to end a marriage. The most commonly reported reasons for failed marriages are financial struggles, poor communication, infidelity, and domestic abuse.
However, when a couple decides to end their marriage, there are options. Whether it be for religious, moral, or legal reasons, divorce is not a suitable option for all couples. Depending on circumstance, a legal separation or an annulment may be a better option.
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When it comes to prenuptial agreements, most have the misconception that they’re only for people of wealth. This is incorrect and though they are often used for those marrying into wealth, or vice versa. That doesn’t mean prenups have no benefits for those of more modest financial situations.
uring the COVID-19 crisis, the unemployment rate has skyrocketed to almost a new record high at over 14%. With the closing of non-essential businesses, companies are having no choice but to lay off their workers. Leading to personal financial crises within families all across the nation. Knowing if or when it’s time to file for bankruptcy is important in this time of crisis. Ruesch and Reeve Law are here to break down the facts and support you during this overwhelming financial loss.
During these uncertain times, it’s natural to worry about making your regular mortgage payments – especially if you have already fallen behind on your account, or if your family has suffered COVID-19 related job losses. The unemployment rate in Utah is currently at 3.6%, and 4.4% in the nation.
Chapter 7 is the most common type of bankruptcy for personal debtors. It is also referred to as straight or liquidation bankruptcy. Chapter 7 is most suitable, and most frequently used, by individuals, but can also be an option for businesses as a last resort to have their slate wiped clean. Chapter 7 bankruptcy is most often used by people who are far behind on their bills with unsecured debts to reset their finances.