One of the most challenging aspects of co-parenting after separation and divorce for many people is not having control over how your ex cares for your children during their time together. No two parents have identical parenting styles or rules for their children.
Whether you have sole physical custody of your children and your co-parent has visitation rights or the two of you share custody, the decision to move some distance away may cause legal complications.
By having a well-thought-out and professionally drafted estate plan, you help ensure that your loved ones and other beneficiaries will inherit your assets as you intend. You also help minimize the time, expense and stress of settling your estate for your family. Further, you can put powers of attorney in place to make sure that people you trust will handle your financial obligations and oversee your health care wishes if you're incapacitated and unable to do these things.
If this is your first holiday season since your divorce, you and your co-parent will likely need to do some extra planning to help things go as smoothly as possible as you each make plans to spend time with your kids. Extra patience is also a requirement. Things aren't going to go perfectly, and there may be some misunderstandings and miscommunication.
Are you one of the many Tennessee residents who struggle with debt? Do you feel that you have no way out of your current situation? Guess what? That may not be true. Bankruptcy may offer the relief you are looking for.
One of the goals that many people have when developing their estate plan is to provide money for the educational needs of their children, grandchildren and possibly even future generations. Often, this is accomplished by setting up one or more educational trusts.