These days, it is not uncommon to know people who are on their second, third or even fourth marriages. Divorce and remarriage have become much more typical during the last 50 years, which means that if you are working toward your second marriage, you are not crossing into uncharted territory. While getting married a second time is fairly easy, the financial and estate planning consequences could cause you a headache.
In a post that was recently posted on our blog, we went over some of the consequences of business lawsuits. These potential challenges should not be ignored if you are facing litigation, and there may be other unique considerations that apply to a lawsuit you are facing as a business owner. For example, one of your staff members may have decided to file suit against your company and you may have no idea of how to handle the situation. As with other business lawsuits, these cases can also have serious repercussions and it is pivotal to prepare yourself.
One of the dangers of growing older relates to the fact that -- even if you're financially independent -- you could become physically dependent on others for your care and daily life needs. This will leave you vulnerable to elder financial abuse.
When dealing with real estate in Florida, one concept you likely will run into is zoning. According to Property Metrics, zoning is the act of assigning areas of land o permitted uses. For example, authorities may assign a piece of land or an area of a specific county as residential. This means builder may build homes here, but businesses and agriculture may not be in this area. Some zoning may allow for mixed use. You may have seen such areas where residential homes and businesses are side by side.
If you have assets and property in your name, you should have an estate plan in place in the event of your death. Additionally, your estate plan should be free of common mistakes and oversights, which can impact whether your final wishes are carried out. To help you create a valid and legally binding plan, Forbes offers the following tips.
People create and change last wills for a variety of reasons. Generally speaking, early estate planning is a wise decision for anyone with children or substantial assets. Even those who only have moderate overall assets should consider planning their estate if they have strong feelings about the disposal of their assets after they die.