Finances News - Law and Daily Life
Law & Daily Life - The FindLaw Life, Family and Workplace Law Blog

Recently in Finances Category

One of the most popular ways of passing on retirement savings, inherited IRAs, have little protection from bankruptcy after a U.S. Supreme Court ruling issued Thursday.

While other retirement devices are typically protected from creditors during a bankruptcy, the High Court determined that inherited IRAs were not for "essential needs" in the same way as other retirement structures, Reuters reports.

What does this mean for the future or present use of inherited IRAs?

Sorry Al Bundy, but when it comes to love and marriage, you can have one without other.

For many young couples, marriage is no longer a prerequisite to living together or starting a family. However, there are some legal issues that are unique to those who choose to forego marriage and just skip to the happily ever after.

Here are five things to be aware of if you're planning on living with your partner and child(ren), but without getting married:

If a Student Loan Co-Signer Dies, What Happens?

If a student loan co-signer dies or declares bankruptcy before the loan is repaid, the loan may go into default and wreak havoc on the borrower's credit, a new report finds.

The Consumer Financial Protection Bureau published the report which found that many private lenders will make the balance of a loan due if a parent, grandparent, or other co-signer becomes unable to share the responsibility of the loan, Reuters reports.

Why does this happen, and what can borrowers do?

How Many Trustees Can a Trust Have?

When creating a trust, how many trustees can you have?

Trusts are estate planning tools that can be used to manage how a person's property is distributed after death, without going through probate. Trustees play an important role in protecting the beneficiary's (or beneficiaries') interests.

So how many trustees should you have? To understand the answer to that question, you'll want to have a better understanding of a trustee's role.

Legal How-To: Getting Student Loans Forgiven

As you try to manage your student loans, it's important to remember that there are a number of loan forgiveness programs out there that you may qualify for.

Forgiveness programs aren't a quick fix, as they take several years to complete. Still, they're a great way to see the light at the end of the tunnel, to avoid defaulting on your loans, and eventually, to help you move on with your life.

Here are a few potential ways to get your student loans forgiven:

What to Do If Ex-Spouse Lies About Finances?

Sometimes, ex-spouses lie in court -- especially when it comes to money and assets. According to the National Endowment for Financial Education, nearly three in 10 Americans admit to financial deception with partners.

For couples seeking a divorce, such deception can potentially be criminal. That's because lying during divorce proceedings is illegal, and can lead to penalties for perjury.

But what are you supposed to do when a soon-to-be ex lies during your divorce case?

Supreme Court Calendar: 10 Cases to Watch in Jan.

If you take a look at the U.S. Supreme Court's calendar for January, you may notice a few cases that are of particular interest to you.

From gun ownership rights to presidential powers, the Court is slated to hear a wide variety of legal issues over five days of oral arguments this month.

Here are 10 Supreme Court cases to watch, in chronological order:

5 Legal New Year's Resolutions That Can Pay Off

As part of your new year's resolutions, you may want to focus on a few legal issues -- especially those that can affect your pocketbook.

With many Americans resolving to successfully manage their personal finances in the new year, taking a step back and evaluating your current situation is a good first step. After that, you'll want to figure out which areas of personal finance should take priority.

Here are five legal new year's resolutions that you'll want to consider, to give you more bang for your buck:

For Lotto Winner, 'Finders, Keepers' Means $1M

The adage "finders, keepers" couldn't ring truer for one New York lottery winner.

In the aftermath of Superstorm Sandy, Long Island landscaper Marvin Rosales-Martinez was clearing debris with a leaf blower when he chanced upon a soggy "Win $1,000 a Week for Life" scratch-off ticket. To his surprise, it was a valid winning ticket for $1 million -- and he was able to claim it.

But how was Rosales-Martinez able to claim the winnings when he never even purchased the ticket?

Legal How-To: Collecting Money Owed to You

Have you ever loaned out money to a friend or loved one and they just never quite got around to paying you back? It's certainly an awkward situation, but there are ways to "mean business" and possibly get your money back.

Here are a few ways to collect money that's owed to you: