When you die and you have a certain amount of wealth, your estate will go through the process of probate. Simply put, all of your assets are gathered and any outstanding debts are paid, including outstanding taxes. The proceeds from this process are then distributed according to your will or by state law if there is no will. There are, however, certain assets that are exempt from the probate process. The following are the most significant.
When the courts determine issues of financial support in a divorce, they try hard to be fair. Sometimes, that means allocating income that's significantly larger than it is on paper to one of the parties involved. Learn more about how imputed income can affect the support that you either receive or pay.
What is imputed income?
Imputed income is the difference between what someone says that they earn and what the court thinks that they could earn, if sufficiently motivated.
Filing for a patent can be a painstaking experience. There are forms to fill out and processes that must be learned. However, this is not to say it cannot be done on your own. Read on and discover a few tips on things to consider before filing a patent. If you are having considerable difficulty filing for a patent, it is recommended that you use the services of a patent attorney.
When you have been arrested and charged with a crime, it is important to be able to leave the jail so that you can better organize your defense. To this end, bail is a common part of the criminal justice system, but many people have a limited understanding about bail. By learning answers to some of the more common bail questions, you will be better able to understand what you should expect.
As part of the bankruptcy process, the trustee will sell your assets to pay your creditors. You can protect some assets by using exemptions allowed by the court, but these exemptions don't cover everything. One strategy you can use to increase the amount of money and property you can keep is to convert non-exempt assets into exempt ones. However, you must be careful when doing this; otherwise, you could be charged with bankruptcy fraud.