Top 10 Legal Mistakes People Should Avoid
There are a few legal issues every man and woman should be aware of, if they wish to protect themselves, their children and assets. Below are the top legal issues people tend to overlook. |
Prenuptial Agreement. A scary word, one that you would not like to think about when planning a wedding, but it can save a lot of bitterness later, should the couple decide to part ways.
Separate assets. This includes property, stocks, checking accounts and all else. Combining finances may sound good, but have resulted in many people being left with nothing after a divorce.
Be informed about business. If your spouse owns a business, you must make the effort to educate yourself about it, so that if you ever need to run it, you would know how to do so successfully.
Do not sign fast. Do not put your signature on a document without being fully aware of what it contains. If required, get your lawyer to review it for you.
Remember the IRS. Keep your tax matters sorted out at all times. If you have signed a joint tax return, you may be held liable for related tax issues in the absence of your spouse.
Plan for your demise. Prepare for the inevitable and make sure your dependents are provided for once you are gone.
Get your paperwork sorted out. Keep all important document filed properly, ideally in a single file. Make sure your business records are always up to date.
Know what you own. You must be aware at all times of everything that you own, either as an individual or as a business head or partner.
|