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Diamonds and Pearls of WisdomThe DivorceWizards Blog, by Lynne DiamondEstate Planning Basic InformationWednesday, December 27, 2006 Estate planning is a topic that most of us would rather avoid. Part of maturing is facing these issues and providing for your children and your property which you have worked so hard to accumulate. Sometimes life's events trigger the desire to get this done and over with. During a divorce or after the death of a parent, estate planning may take on new meaning for you. We can simplify this process.A living trust is a plan - a plan to care for your loved ones, your children and property - when you pass on to the next place in the journey of life. If you don't have a plan, your state of residence takes over. Think D.M.V. Do you want those folks handling your affairs when you go? When a person dies, their estate is governed by probate, the legal process for paying their final bills, distributing their property and determining the guardian for any remaining minor children. Probate is a lengthy process, the average case taking one or two years to complete. Often assets are frozen pending Court orders. It is also costly with it's court, legal and probate fees. And, like most other court hearings, it's public record. A living trust is an alternative to probate. Once established, with all of your property properly titled in the name of the trust, it's very easy for your successor trustee to handle your affairs. The process is much quicker, less expensive and more private than probate. There is no need for your assets to be frozen, no requirement about publication of your death be made and your affairs remain very private, a comfort to your family in their time of despair. To get started on your estate plan, please visit the below link: Divorce Wizards Estate Plan December Divorce DramaFriday, December 15, 2006 In December, the divorce business is typically slow. Not many families are divorcing in December. With the stress and activities related to the holidays, most people are thinking - "after the first of the year" if they are thinking about it at all.But those who do come in in December, are usually the most dramatic of the year. The December divorces often have to do with extra-marital affairs. This is the time of year when that extra holiday stress becomes apparent for the "other woman/man". Most marrieds feel they need to spend the holidays with their families, leaving the "other" to fend for themselves. This often creates a lot of drama in the extra-marital fling. The December couples who come in are usually having an affair. They are either the affair-er (as in - I am having an affair and want to get divorced today) or the affair-ee (my wife/husband is having an affair and I am so over it now - how do I get divorced today). A bit of drama there - but these couples usually go quietly. Then there is Tracy and Mark. Tracy and Mark have been married for 13 years, unhappy for 12 and a half. Tracy decided to take up with her neighbor across the street - neighbors are always a bad move! When Mark took the children skiing for the weekend, Tracy went on a love fest with her boyfriend. Tracy's BF bought her a pair of very sexy, black, stiletto boots while they were gone. And unfortunately, Tracy forgot to bring them with her. So the hotel contacted BF on his cell phone, but they could not reach him. So some eager employee contacted BF at his office. Since his daughter is working as his receptionist - she got the call about the black, high heeled boots that he had left in his hotel room. All the hotel wanted to know, was where to send the boots. So she asked her mother!!! Needless to say, it was quite a scene when BF's wife got the report from the PI. Yes, that is your neighbor in those photos with your husband. Can you guess what she did when she saw the report - you got it - went immediately to Tracy and Mark's house to share with Mark. And since their kids all play together, they were sure to let the children know something sordid was going on. Sordid December - may be slow - but sure has drama! |