Child Support Rights And Responsibilities

Every parent has a set of legal rights and responsibilities that they must fulfill towards their children. These rights and responsibilities are required whether the child lives with the parent or not, if the parents have never been married or if the parents have been divorced.

One of these responsibilities is a financial obligation to support the child. This means that the parent can be legally required to pay support for a child to a custodial parent with whom the child resides. The amount of child support that should be paid takes into account a number of different factors.

Firstly the expenses related to the upkeep of the child need to be listed. This will include accommodation, education, medical costs, groceries, clothing, entertainment and any other amount that is paid by the custodial parent such as for extracurricular activities, hobbies, personal needs, etc.

child support

Income may also play a role in calculating child support. If the custodial parent earns less than the non-custodial parent, then the non-custodial parent will be required to pay proportionally more than the custodial parent. A non-custodial parent who has no income is not free and clear of paying child support and could still be ordered to pay. His or her parents may also be approached to pay on their behalf or their assets may be seized.

Non-payment of child support will result in a court order being issued. If the court order is ignored, a warrant for arrest can be issued. A parent may be jailed for non-payment of child support. This will result in a criminal record that cannot be erased and may affect future employment, ability to apply for credit or finance and other serious consequences. The court may also issue a garnishing order which means that the support amount will be deducted from their salary or other form of income.

Child support rights provide that a custodial parent may not withhold visitation of the child due to non-payment of child support. They may also not leave the state or country in which they are living without the express permission of both parents.

The courts take issues surrounding child support rights and responsibilities very seriously as a child who is not receiving support may need to rely on the state for financial and other assistance. However, it is also important for non-custodial parents to understand their rights in this process and not be over-charged for the upkeep of the child.

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What Is Post-Construction Contract Termination

If you have a construction business where you are consistently signing new contracts, you have probably heard of a post-construction contract termination. When a project is completed, and you have been paid for the work you have done, the contract will come to an end. Every aspect of a contract must be evaluated by yourself, or by a lawyer, ensuring that you will know what is expected of you. Once everything is done and is to the satisfaction of the person you are contracted with, that agreement or contract will come to an end. Let’s discuss what post construction contract termination represents in regard to construction projects and the contracts that are signed by businesses every day.

Overview Of A Typical Construction Contract

This type of contract is just like any other. There will be specific requirements that must be adhered to. The amount of money that will be paid upon completion of the contract will also be stated in the document. If all goes well, and the employer is happy, money will be dispersed and the contract will come to an end. That is typically what it says in a contract, however, there can be variations in the way that contracts can come to their conclusion.

construction contracts

Post Construction Contract Termination

If you have fulfilled everything that is on a contract, and you are to be paid for your services, the business that hired you may actually terminate the contract for one of two reasons. First of all, they were satisfied with the final results and are more than happy to pay you.

The other possibility is that, even though you have completed the contract, they are not satisfied with the quality of the work. When that occurs, you will end up going to court. They may not pay you for anything because they will state it was not done properly. This will likely end up in some form of litigation that could last for months.

People that hire contractors will do this more often than you would think. It is a way of renegotiating the terms of the contract, specifically how much they actually want to pay you. If they can prove that you did not fulfill your part of the contract, and a judge agrees with them, you could end up losing the money and also paying for their court fees. This is a dirty tactic that some businesses will use, and more times than not the contractor will simply take a smaller amount. In most cases, however, those that hire contractors will honor the agreement and will simply pay you for your services.

Most businesses that hire companies are going to be honorable. If you do good work, and they approve of what you have completed, you will be paid as agreed. However, if you ever do encounter a company that terminates your contract after you have completed the work, you now know what to expect when this occurs.

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4 Tips for Buying US Real Estate

Buying real estate in an unfamiliar market is daunting. It is important to hire experienced real estate agents, mortgage brokers, attorneys, and accountants. You can consult with them when you are buying US real estate.

If you are a foreigner, buying real estate in the United States does not give you privileges or rights regarding legal stay or status. If you want to stay in the US for a long time, contact an immigration lawyer.

1. The Use of the Property

What is the primary use of the property you want to buy? And how long do you plan on owning the property? Real estate transactions in the US are carried out differently. Every state in the US has its sets of rules regarding the purchase of real estate and the method of closing the sale. Learn the rules of the State you want to invest in.

2. Real Estate Listings

Want to find the right property quickly? If so, check the real estate listing. Real estate agents use different listing services to list real estate. There are good sites that have a list of different properties. Everyone can check out the listing on these websites.

3. Choose the Right Agent

Choose the right agent when buying US real estate. You don’t pay the agent. Because the seller pays the agent a commission. In the US, real estate agent must have a license to operate. Therefore, choose an agent who is licensed. And has a good reputation.

Real estate agents can save you a lot of money. They know the best properties on the market. And they know the market prices of these properties. Therefore, they make sure that you are paying the market price.

4. Real Estate Professionals

Find a qualified and experienced real estate professional. The professional can take you through the real estate purchasing process in the US. There are agents who have taken additional coursework. They carry Certified International Property Specialist.

If you are don’t know how to speak English fluently, hire an agent, an attorney, and a home inspector who is conversant in your native language. It is easy to get translated copies of the standard real estate documents.

These are the tips for buying US real estate. Make sure that you are investing in the right real estate. Hire the right real estate agent to help you find the best properties in the United States.

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A Basic Guide All About Inheritance Tax

Most people do not want to think about inheritance tax because it means that someone close to them has passed away. However, it is important that you know all about inheritance tax and how it could affect you. There is a lot of information all about inheritance tax that you can look at, but you should focus on how the tax will affect your inheritance.

inheritance tax

State Inheritance Taxes

The good news for most people is that they will generally not have to worry about inheritance tax unless they live in 6 states. This is due to the fact that only 6 states actually collect inheritance tax. These states are Kentucky, Pennsylvania, Nebraska, Iowa, Maryland and New Jersey.

It is important to note that in these states, if the property is being passed to a surviving spouse, there will be no inheritance tax. Additionally, only Pennsylvania and Nebraska will collect inheritance tax on assets passed on to children and grandchildren. This can come as a relief to many people who worry about the tax they will have to pay.

When looking at these laws, you will need to note that the tax laws will only relate to inheritance from people who lived in the state. If you reside in one of these states but receive an inheritance from someone who lived outside of these states, you will not have to pay inheritance tax.

State And Federal Estate Taxes

While you might not have to pay inheritance tax, there is a chance that you might have to pay estate taxes. In regards to the federal estate taxes, there is an estate tax exemption for estates that are valued below a certain amount. The amount will vary each year but has been over $5 million for the last few years. This means that if the estate that you inherit from is valued at less than this amount, you will not have to pay federal estate taxes.

In regards to state estate taxes, there are on a handful of jurisdictions which collect them. These jurisdictions will include Washington, Delaware, Tennessee, Hawaii, Connecticut, New York, Vermont, Maine, the District of Columbia, Rhode Island, Oregon, Massachusetts, New Jersey, Illinois, Minnesota, and Maryland. As with state inheritance tax, if the person you are inheriting from did not live or own property in these states, you will not have to pay the estate tax. The estate tax exemption for state tax will vary depending on the state from very low to very high.

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What Is Wealth Management And How Does It Work?

wealth management

As you are generating money from your business, and amassing a substantial amount, you need to learn how to properly manage the wealth that you are creating. You may have a very profitable business, yet many people make the mistake of not investing their money properly. They may not even have a savings account, spending their money freely, and will suddenly have nothing to show for all of their hard work. Wealth management is something that you need to learn how to do. The following tips will discuss what is wealth management, and how it actually works.

What Is Wealth Management?

Wealth management is something that you have probably heard of before. It may be referred to as money management, or perhaps investment strategies. The primary focus is understanding how to use your money in a logical manner that leads to generating more wealth and minimizing your losses. For example, if you have made a substantial amount of money with a mutual fund, or even in the stock market, you need to reinvest a portion of that money so that it continues to increase your wealth. It should be distributed to both volatile and safe investments. When done properly, you can continue to expand your wealth at a rapid pace.

Best Strategies For Wealth Management

There are two basic wealth management strategies that should always be implemented. First of all, you never spend everything that you earn which is profit. A large portion of that money should be directed into new investments or redirected into your business so that it can continue to expand. For example, you could invest parts of your money into commodities or the Forex marketplace, a volatile investment that can earn money very rapidly. The other portion of the money should be placed into safe and consistent areas such as mutual funds, money market accounts or 401(k) plans.

By balancing the dispersal of your profits, you can continue to gain wealth rapidly. A small portion should be used for everyday expenses, but most of it should be reinvested in these safe and volatile ways. There is always a certain amount of risk when you are investing money. However, proper balance is the key to success. Now that you know what is wealth management, and how to manage your profits properly, you will be able to generate more wealth at an accelerated rate.

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Looking At The Ins & Outs Of Probate Law

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Legal Aspects of Probate

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In many areas there seems to be some confusion surrounding probate law and what exactly it covers. Probate law, first of all, has nothing to do with probation. That is an entirely different area of practice. A Probate lawyer specializes in drawing up wills, living wills, and helping with the work around inheritance issues.

The laws actually vary quite a bit from state to state, but overall there are federal laws (and many states that have opportunistic “vulture” laws) that allow them to seize a large portion of many estates, or force the selling of it and taking a lion’s share of the profit through taxes and fees, if you don’t have a clear legal will letting people know how you expect your estate to be divided.

A probate attorney is critical to making sure that your wishes are followed whenever dealing with anything that has to do with splitting up an estate or creating an inheritance. No one should ever assume their wishes will be followed without one, even if they write down their wishes or are abundantly clear about what they want to be done, unless it is drawn up in a legal document that meets all state and federal requirements then there’s a good chance things won’t go smoothly.

This is even if everyone agrees on following the last wishes. If there are differing parties who dispute the will and fight or argue over who gets what, then there absolutely must be a legal document to avoid as much frustration as possible otherwise there is a good chance that serious legal repercussions will follow. That’s not how most people want to leave their family and the ones that they care about, so make sure to take care of these details before hand.

I understand that this can be a difficult time for many individuals and families. It with my deepest sympathies that I hope that this helps your family find a workable way to dealing with the loss of a loved one.


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Personal Injury Law Matters

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Do You Need a Personal Injury Law Attorney Due to the Negligence of Someone Else?

Have you experienced an injury because another person was not doing what they were supposed to be, either at the time or beforehand? Perhaps you are helping an injured loved one or even experienced the loss of a beloved family member through the negligence of another. If you can relate to these words, you need to find a personal injury law firm now.

One of the reasons that you should not hesitate when it comes to finding an attorney to represent you is that there is a statute of limitations for filing lawsuits. Depending on the specific legal guidelines where you live, the type of injury you have experienced and the amount of time that has already passed since you discovered it, the clock could be ticking quickly.

Do you need a lawyer?

For those who have just suffered an injury or loss and are still debating about whether or not obtaining legal counsel is necessary, you should not hesitate either. You see, insurance companies are often quick to settle with people who have just experienced an injury. If they are able to get the victim to sign a settlement agreement, the matter goes away.

While you might think that you just want it to be over with and that signing will get you on your way, that is a bad idea. The insurance agency will only offer you a fraction of what you are due. Not only that, if you don’t have representation, they will likely avoid any further responsibility in the language of the agreement.

When you are reeling from the pain and suffering right after an injury, you are vulnerable. Obtaining legal representation is the best way to protect yourself from the insurance agents and the bill collectors that will undoubtedly come calling.

However, a personal injury law attorney can contact the medical providers who are caring for you and stop the incessant bills. Instead, you will continue to receive care while the responsible insurance company is held accountable for their financial obligations.

Whether you have just been injured or it has been a while, you can find a great attorney in your community to represent your needs. Depending on the size of your city and the legal providers there, you should have several options.

For those in larger cities, finding a lawyer might be more complex than those living in suburban and rural areas of the country. However, you will want to make sure that the firm you hire is reputable. You can search online to find out more about the business.

Necessary Due Diligence:

Research the firm to find out how long it has been there, the education and background of each partner and any other relevant data. You should also run a search for reviews of the firm and the individual lawyers who are practicing there.

While you don’t need to read every review, you should scan through some of the most recent ones to get an idea of how satisfied their clientele have been. What complaints are mentioned and are they valid?

You will need to weigh the reviews based on the information provided. Unfortunately, people sometimes leave poor reviews even though the party being reviewed was not at fault in any way. In the instance of a personal injury attorney, you might find that some folks have left one-star ratings because they are upset about the injury itself.

Bearing in mind the valuable feedback online, you can make an informed decision about who to contact for a consultation appointment. You deserve to have a legal representative on your side during this challenging time in your life.

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The Legal Aspects Of Business Structuring And Entity Formation.

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When starting a new business, it is absolutely important to keep in mind that the l formation of the business will be vital. Whatever business structure you decide to form will have its advantages or disadvantages. There are several types of business entities.

These are partnerships, LLCs or Limited Liability Corporations, sole proprietorship, co-operatives, non-profits and corporations. The business structure will have to choose either of these structures and follow the rules in regards to taxation, buyouts and any other agreements. These have to be followed strictly to avoid legal problems in the business.

Choosing a business structure can be a difficult task, which is why it would be best to hire a lawyer to help you go over the terms and ensure you understand the laws that affect you business entity. One of the major issues is choosing a proper taxation module to ensure that you will get maximum profits and have a good profit margin.

There are certain things to consider when you decide to put up a business. First is complexity of the structure. A sole proprietorship is obviously the simplest one, while corporations have some complex rules. If you decide to go for the simple structure, choose a sole proprietorship or partnership.

Liability is also another aspect to consider. When the business incurs losses, this determines who will be held liable. This is very important as it decides how liable everyone in the business is. In the case of corporations and non-profits, liabilities are usually less. If you want to be less liable for losses, then a corporation is best.

With a LLC, the liabilities are also limited. You could also decide to choose this structure due to this fact. However, keep in mind that there are other aspects that prove to be a disadvantage with LLCs.

One of these is taxation. Taxation is the same with LLCs and sole proprietorships. The tax is calculated from the general income. It is crucial to ensure that you file your tax papers properly to avoid getting taxed twice at the end of the business year. You can have your lawyer help you out with that. Corporations and non-profits have different rules for taxation. They are taxed as a single unit.

Additionally, another point to consider is licenses and permits. It is mandatory for each business to have a license to operate. This license with either be issued as a state license or federal license depending on the type of business. Operating any business without a proper and up to date license and permit can result to some legal consequences.

There is also the capital investment issue. Since a sole proprietorship may be small, you will only need capital from friends family or banks. For corporations, the business owners will have to look for the proper investors to create the required amount of capital.

Non-profits also have to look for capital from investors. LLCs on the other hand can get capital from banks and the business partners.

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