Missing a car payment can quickly send you spiraling, and soon you receive notices and phone calls warning you of the consequences of your delinquency. Since your vehicle was collateral for the car loan, failure to pay the loan means the lender can claim the vehicle and sell it to get its money back.
With people living longer, many elderly Tennesseans use up most of their accumulated savings and wealth during their lifetimes. By the time they pass away, there may not be a significant monetary inheritance for their children and other loved ones. Even people with a vast estate may prefer that most of it go to causes and organizations they feel strongly about. They may believe they've already given their children more than enough advantages to be successful.
If you and your co-parent will be living some distance apart after your divorce and sharing custody of your children, or even if one of you will have them most of the time while the other one will have scheduled visitation, you'll need to work out a long-distance parenting plan.
Couples -- or often just one spouse -- arrive at the conclusion that it's best to end their marriage for all kinds of reasons. Often, people talk about the "last straw." However, that last straw is often proceeded by months or even years of problems.
The new year is a good time to review your estate plan and determine whether any changes that occurred last year require changes or additions to your documents.
Divorces aren't necessarily over once all the agreements are finalized. These documents are signed by a judge and are, therefore, court orders. Any signatories to those orders are required to abide by them or risk being in contempt of court.
You knew that you wanted to take steps to protect your family and your assets in the event of your death, so you created a will. It is the most basic part of an estate plan. The information that a will contains can ensure your final wants and wishes are honored; that is, of course, if you properly execute your will.