Financial Mistakes in Divorce That Can Jeopardize Your Future

Financial Blunders in Divorce in Colorado SpringsCouples often treat divorce as an escape from the troubles of the present. For others, it’s a positive transition into a better, more satisfying life. Either way, the process is anything but fast and cheap. It generally results in a significant financial for all parties involved.

The advantages of divorce are pressing, but so are the risks. Whether you are the breadwinner, a stay-at-home parent, or a financial equal of your partner, the stakes can be high.

In your preparation for a divorce, it’s critical to know about all financial circumstances of your marriage, divorce lawyers from Gordon N. Shayne explain. This includes shared debts, like credit cards, loans, and mortgages. You should also have a list of all properties you and your partner own or have invested in, among other things. Or else, you’re at risk of committing these mistakes:

Not having an inventory of your assets

Financial experts stress the importance of knowing your family’s assets and liabilities. Draw up an inventory of valuable property, not just shared real estate, but also furniture, collectible items, cars and the like. Get access to tax returns, household bills, statements from investment and retirement accounts, and other important records.

Insisting on keeping the family house

It’s hard to give up the family home, especially if it comes with sentimental value, but fighting for it can make you lose money in the long run. It had taken the joint financial power of you and your partner to run the household – doing it on your own can be far too expensive. It can eat into your savings, drain your cash flow, and may only delay the inevitable relocation, which you should’ve done in the first place.

Failing to consider unexpected expenses

Beyond housing, think about other expenses, like clothes, food, health insurance, etc. All of these are affected by divorce, so make sure you can pay for them without any financial support from your ex-partner.

In divorce, one thing is certain: you will face unforeseen expenses. The ideal way to go about the process is knowing as much as you can, as early as you can.

Understanding the Degrees of Negligence in Personal Injury Cases

Personal InjuryIf you suffer an injury because of an accident, you might be looking to file a personal injury case. Before you submit documents, your attorney will provide you with information regarding the arguments the defendant might give you. They might claim you are partially or wholly at fault; knowing the degrees of negligence enables you to prepare for situations such as these.

Comparative and Contributive Negligence

Many states adhere to a comparative negligence law when it comes to resolving personal injury cases. This calculates damages using a formula that determines your and the defendant’s degree of fault that led to the injury and/or accident. If you get into a vehicle accident and the police reports and insurance investigations concluded that you are 25% at fault, you only get 75% of the compensation. If damages total $30,000 you only get $22,500. However, not all states abide by this rule; some follow a pure comparative negligence rule, while others adhere to a modified version of it. In the latter system, an injured person only receives compensation and damages, if they are 50% or less at fault.

On the other hand, contributory negligence is more black and white when it comes to personal injury cases. When an investigation reveals that you are partially at fault that led to an accident and injuries, you will receive no compensation whatsoever. Bernripka.com shares that a personal injury lawyer can help you navigate the complexities of the law and walk you through the process of filing and building a strong case.

Assumption of Risk

In some situations, defendants may argue that you assumed the risk of injury by participating in a dangerous or high-risk activity. The harm must relate to the risk inherent in the said activity.

Both parties must prove negligence before you or the defendant builds or defends against a personal injury case. Knowing the different situations allows you to prepare before filing.

Things to Do to Secure Your Commercial Driver’s License

Commercial Driver In OremCommercial drivers have a lot on the line every time they go on the road because this is their livelihood. They need to be as careful as possible to be safe and away from accidents or else, there’s a chance that their professional license would be taken away from them. Holding a commercial driver’s license (CDL) also comes with extra consequences and set of rules.

Here's how you can protect yourself from trouble:

Follow Both Rules

As a commercial driver, Mt. Nebo Law says you need to follow both the non-commercial (non-CMV) and commercial driving privileges. Even if you have a CDL, you can’t continue driving if you lose your non-CMV privileges. You should know the triggers for disqualification so you could prevent doing them. Disqualifications include refusing to take a chemical test, causing or leaving an accident you’re involved in, not following traffic rules, going beyond the speed limit, equipment violation, and more.

Find the Right Lawyer

You should be careful when choosing the right CDL lawyer in Orem to work with if you ever come across any legal problem. The lawyer should be based on where you got the ticket, not where you live. This is because there are different laws per state. It’s also more convenient to hire a lawyer who is near the court where you need to defend your case.

Coordinate with Your Employer

If you get a ticket, you should be honest and inform your employer about it. Hiding it will only make your situation more difficult and may be grounds for a contract termination if your employer finds out eventually. Your company may also require you to work with certain lawyers for representation in court or even a retainer.

Keep these things in mind to prevent yourself from getting in any trouble on the road. This way, you can protect your job and source of income.