Getting through college can be costly. You may have taken out personal loans, run up credit card debt and had federal aid as well. Many students come out of college owing tens of thousands, if not hundreds of thousands, of dollars to their lenders. Bankruptcy is one...
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Mahaffey & Associates, LLC Legal Blog
What could go wrong during the probate process?
When you leave this world, you probably want to make the process of wrapping up your affairs as painless as possible for the loved ones you leave behind. Without the proper foresight, you could unintentionally leave a situation for your family that is much harder to...
How parental relocation impacts kids in shared custody situations
Many children struggle when their parents decide to divorce. It is difficult for them to navigate the conflict between their parents. Many of them internalize the idea that they are somehow to blame for the end of the marriage. The less time they have with each of...
Types of trusts you may want in your estate plan
In today’s complex world, it’s no longer sufficient to write a will and sign it. A complete estate plan includes several different types of documents, all with specific functions – such as a Financial Power of Attorney, a Healthcare Power of Attorney, a Living Will,...
Protecting a parent’s assets from long-term care costs
As your parents get older, you soon realize that there may come a day when they will need more help. You likely know that they may not be able to live on their own or in their own home forever. You want to prepare for that day and minimize the impact needing long-term...
Probate: What could go wrong, and how can you avoid it?
When you start getting older, one of the things you need to think about is your estate plan. If you want to protect your loved ones and give them the best opportunity to receive assets and inheritances, then you need a will, trust and other legal protections in place....
Don’t let your social media use hurt your divorce case
Forty years ago, when somebody had big news to share, they would call their friends and loved ones or write them letters. Today, social media sites like Facebook, Twitter and Instagram provide a convenient way to announce something that a person's family and social...
The types of trusts you may want in your estate plan
There are many kinds of trusts that you can use in your estate plan. A trust is designed to hold your assets, but depending on the kind of trust you use, what happens with those assets and the protections you receive may vary. Some of the most common kinds of trusts...
What to know if bankruptcy and divorce are both in your future
Financial difficulties can put a huge strain of any marriage. And relationship issues can exacerbate financial problems. Therefore, it should come as no surprise that divorce and bankruptcy can easily occur in close proximity to one another. If you are about to face...
Know your options for resolving medical debt
Paying for healthcare remains a huge problem in the United States. Even if you have health insurance, a major medical problem or one out-of-network emergency could leave you drowning in debt. Most people don’t realize it, but medical debt is the leading cause of...