An unexpected injury or medical condition could leave you unable to manage your affairs. Preparing for this possibility may help you avoid incompetent caregivers from attending to your needs, financial managers from taking advantage of your condition, or family conflict over making certain your wishes and best interests are being met. According to the AARP, […]
Wilmington Delaware Legal Blog
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When should I file for bankruptcy?
Bankruptcy is a legal process that can lead to a fresh financial start. Individuals who face unmanageable debt may struggle with whether or not bankruptcy is the right option for their financial future, often because they feel a moral obligation to repay what they owe. But when debt relief is not an option, it may […]
How are property and assets divided in a Delaware divorce?
After a couple has spent years building a life together, dividing the assets they have acquired can be a particularly stressful aspect of divorce. Many divorcing people wonder how property division will impact their finances as they enter the next chapter of their lives. Protecting their future financial health begins with understanding how Delaware courts […]
How Chapter 7 bankruptcy differs from Chapter 13 bankruptcy
In today’s culture, it is easy to find yourself mired in debt. A single poor decision, a sudden medical emergency, a predatory loan, a scam — all of these have the power to drop you from perfectly fine to struggling. The government realizes this and provides a valuable tool to help you recover in the […]
3 reasons to file for an adult guardianship
When your elderly parents can no longer make decisions for themselves, what should you do? Depending on the circumstances, there are a couple different options. While many elder adults include a power of attorney in their estate planning, there can be some limits to this approach. As a result, sometimes an adult guardianship is necessary. […]
Can you keep your home when you file for bankruptcy?
Many people who struggle with mounting debt do not consider filing for bankruptcy because they worry about losing their property. In fact, you can keep many assets when you file for Delaware bankruptcy, including equity in your home. Review the common bankruptcy exemptions in Delaware if you are seeking solutions for your debt. Home and […]
How is child custody determined in Delaware?
Your divorce has the potential to be a destabilizing event in your children’s lives. They are likely accustomed to living with both you and your spouse under one roof, and they may have difficulty adjusting to shuttling between two different households. To help your children feel safe and secure during this challenging time, you will […]
2 Ways to plan for your pets in your estate plan
One of the most bittersweet aspects of being a pet owner is knowing that, in most cases, humans will outlive their animal companions by many years or even decades. But while you may frequently think about – and likely dread – the day when your furry friend’s time will come, many pet owners neglect to […]
Key considerations when drafting a living will
If something sudden were to happen to you and you required medical treatment you were unable to consent to, would your loved ones know what to do? If your answer is no, you may want to devote some attention to creating a living will. What is a living will, and what might you be able […]
Does Medicaid planning make a difference?
As you near retirement, you must start planning for any health issues you may face down the road. Since long-term care costs are significant, you will want to avoid paying large sums out of pocket. Yet, because of your income and assets, you might fear that you will not qualify for Institutional Medicaid – which […]