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What you should know about 'split custody' arrangements

When determining a custody arrangement, most divorcing parents try to keep siblings together. Brothers and sisters can be each other's most crucial sources of support during this stressful, confusing time. Kids may move back and forth between parents' homes together. One parent may have primary physical custody of them, while the other parent has regular visitations.

However, sometimes split custody (also called "divided custody") is determined to be in the children's best interests. There are a variety of circumstances that lead to a split physical-custody arrangement. Siblings may have a troubled relationship that goes beyond normal sibling rivalry, for example. One child may have special needs that one parent can better deal with.

How do you learn what's in an estate plan after a loved one dies?

Like most things in life, finding out how (or if) you've been included in a loved one's estate plan after they're gone isn't like you've seen on TV or in the movies. It's not a group of family members sitting in a lawyer's office finding out if they're going to be millionaires or if they'll have to drive that 2002 Toyota Corolla for a little longer.

If the deceased person had a will and/or other estate planning documents in place, their attorney would provide a copy of the documents to those entitled to see them. That would generally include direct beneficiaries and people named as executors, trustees and other administrators.

Reconsider hiding your vehicle when facing repossession

Owning a new car is a goal that many people strive toward. You may have thought you reached this milestone only to find yourself struggling to make your car loan payments. You may have suffered a medical emergency, job loss or some other financial blow, and sooner than you might have expected, you faced the risk of having your vehicle repossessed.

At first, you might dwell on how you ended up in this tough financial spot, but you also know that if you do not want to lose your vehicle, you need to take action. Because you want to protect what you see as your property, you may consider hiding your vehicle from a repossession agent.

Relationship red flags that spouses shouldn't ignore

Most couples don't make the decision easily to end their marriage. In fact, people often stay in a marriage long after it's stopped being a healthy, happy relationship. All couples have problems. However, which ones are signs that you shouldn't ignore?

We're going to discuss of few of those here. We're not saying that if you're experiencing any of these things, you should call a divorce attorney. However, you should likely seek a good therapist. It's best when couples can participate in therapy together. However, if your spouse won't do that, some individual counseling can give you tools to deal with a difficult relationship and some clarity on whether it's best to stay or leave.

Things to consider when choosing a guardian for your children

Recently, we discussed the importance of choosing the right administrators for your estate -- the executors and trustees who will help ensure that your wishes are carried out. However, if you have children, the choice of a guardian is probably the most important decision you'll make as you develop your plan.

Choosing a guardian can be stressful. You may hurt someone's feelings by not choosing them -- particularly if you have a large family. However, people must make the choice that's in their kids' best interests.

What to consider when naming people to administer your estate

If you're preparing to put your estate plan in place, you're taking an important step that many people put off until it's too late. You'll have a number of crucial decisions to make as you work with your Tennessee attorney to create your plan.

One of the most significant decisions involves choosing the people who will administer your estate after you're gone or if you become incapacitated and unable to take care of your affairs.

Divorce doesn't have to impact children's academic performance

Divorcing parents are always concerned about the impact of their break-up on their children. One area where kids' issues with parental divorce often become apparent is in school. With the new school year underway and many kids going back to school for the first time since their parents split, it seems like a good time to look at ways that parents can keep their kids' academic performance from slipping.

Communication between co-parents is key. No matter what problems you have with one another, you should share information about your children's grades, homework assignments and projects. Co-parenting apps offer shared file systems that let parents communicate indirectly. For example, you can upload a homework assignment that your child needs to complete while at their co-parent's house over the weekend.

Your Chapter 13 repayment plan requires confirmation

Facing your overwhelming debt may have been something that you put off for some time. However, you now recognize that your situation needs serious attention or matters will only continue to get worse. As a result, you feel ready to move forward with bankruptcy.

After qualifying for Chapter 13 bankruptcy, you may want to find out what steps you need to take to successfully complete the process. In particular, you will need to address your repayment plan, which you will follow to handle the debts you need to repay.

Why are bankruptcy filings increasing among senior citizens?

Americans are living longer, but those golden years are too often marred by financial hardship. In fact, a recent study by the Consumer Bankruptcy Project (CBP) found that bankruptcy filings among senior citizens have increased fivefold in recent years.

The CBP attributes the alarming increase in seniors seeking bankruptcy protection to a number of factors. Among them are job losses, lower wages, cuts in government programs that provide a safety net to struggling Americans and rising health care costs. Researchers also note that many seniors never fully recovered from the recession of a decade ago.

What is the difference between Chapter 13 and 7 bankruptcies?

Are you one of the many Tennessee residents who is struggling to make it in this economic climate? Money struggles affect most people at some point in their lives. Sometimes, bankruptcy is the best way to resolve debt issues. Which type of bankruptcy do you need, though -- Chapter 13 or Chapter 7?

These two types of personal bankruptcy work to resolve financial issues in different ways. With a Chapter 13 filing, petitioners ask the court to approve a debt repayment schedule that works with their current budgetary restraints. With a Chapter 7 filing, petitioners ask the court to discharge their debts.

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