![]() Most businesses will incur some form of debt as a necessary part of operations, whether it’s the use of credit cards or bank loans. However, problems arise when the debt load is unsustainable and out of balance with revenues, sometimes leading to bankruptcy. This section contains information and resources to help a financially troubled business, including personal liability and what to expect when filing for bankruptcy. Also included are government resources to help businesses better understand debt and bankruptcy. Different Kinds of DebtMost people are not exactly thrilled about owing people money. But there is a distinction among different kinds of debt, as some debts are held in a much better esteem than others. More to the point, “good debt” refers to debt on assets that earn your business more income than the cost of that debt. The cost of any debt is the interest charged. In contrast, “bad debt” — such as emergency loans meant to keep a business afloat during hard times — doesn’t contribute to the company’s growth and may hurt the company’s overall value. You may have to incur some bad debt from time to time, but the key is to pay it off as quickly (and painlessly) as possible. Next Step for Bankruptcy?Deciding which debts to pay down first can be overwhelming when your company’s revenue is less than your debt obligations and monthly payments. Since you can’t satisfy all debts at the same time, it’s best to prioritize these obligations in a strategic way. For instance, certain debts must be paid in full — taxes, for instance — while other debts can be paid down gradually or even negotiated. Business BankruptcyIf you’re unable to secure additional funding or otherwise find yourself without options to revive your struggling business, bankruptcy may be the next step. Businesses that have a shot at a turnaround typically file for Chapter 11 bankruptcy protection. This allows businesses to have certain debts forgiven while they reorganize, with limited protections for the suppliers and vendors as well. But generally, the type of bankruptcy available to your business depends on your legal structure, amount (and type) of debts, plans for the future, and your personal liability for these debts. Other types of business bankruptcy — those which are more common for small businesses — include Chapter 7 and Chapter 13. You will want to file Chapter 7 if you are a sole proprietor and therefore liable for all business debts, which involves the liquidation of most assets and the eventual winding-down of operations. Another option for sole proprietorships or partnerships is Chapter 13, which allows you to keep your assets while reorganizing and paying off your debts. Business Bankruptcy Lawyer Free ConsultationIf you have a bankruptcy question, or need to file a bankruptcy case for your business, call Ascent Law now at (801) 676-5506. Come in or call in for your free initial consultation.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Avoiding Estate Planning Mistakes Enforcing Grandparent Visitation with Contempt of Court via Michael Anderson https://www.ascentlawfirm.com/bankruptcy-business-debt/
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![]() Roth IRAs are not only tax-friendly, but they can be inherited. This is a great way to avoid probate court and leave your loved ones money without the hassle and expense of transferring the money through probate. Roth IRAs Can Be Inherited
Tax Advantages for Roth IRAsContributions to a Roth IRA, unlike a contribution to a traditional IRA, 401(k)s or Keogh, are not tax deductible. This may seem like a raw deal, but it’s really not. The advantage a Roth IRA adds is that, unlike other retirement accounts, when you withdraw money from the account eventually, it will not be taxed. The best way to see the advantage is to think of a single dollar contribution. Under a Roth IRA, you owe taxes on that one dollar up front, but years down the road when that dollar has grown into say ten dollars, you don’t owe taxes on those ten dollars. The opposite would be true for traditional retirement accounts. The advantage of a Roth IRA is further compounded by the fact that most individuals are in a higher tax bracket as they get older, making the savings even more dramatic. Roth IRAs and Avoiding the Probate ProcessTraditional retirement accounts can avoid probate by assigning a beneficiary for the account upon the death of the account holder, but often have additional requirements that minimize their usefulness when they are inherited. For example, traditional IRAs require the account holder to start withdrawing from the account at age 70 1/2, which obviously means less money in the account for any beneficiary of the account. Roth IRAs on the other hand, have no withdrawal requirements. This means that if you do not need to withdraw money from it, you can simply let the money grow, significantly increasing the amount of money that a beneficiary receives when the Roth IRA is inherited. Estate Planning Lawyer Free ConsultationWhen you need help with an inherited Roth IRA, probate or other estate matter, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Avoiding Estate Planning Mistakes via Michael Anderson https://www.ascentlawfirm.com/you-can-inherit-a-roth-ira/ ![]() Divorcing or separating parents would be able to set aside their personal differences and decide — together — the best custody option for their child(ren). But it doesn’t often work out so smoothly, which leaves it up to the court to make the best decision on behalf of the child’s own best interests. When deciding who gets child custody, courts, judges and court commissioners (who do family law) consider a wide range of factors including household stability, relationships with the parents, and income. Below are answers to some of the most commonly asked questions regarding who gets custody. How can I get legal help with my child custody case? You need to speak with a child custody lawyer for sure. It is vital especially when the custody of your children is at stake. An experienced family law attorney can not only answer questions about child custody in your case, but can also be your strongest advocate, both with opposing counsel and the court. The best way to get started is to look for a family law attorney near you with experience handling custody disputes. A friend who has gone through a custody dispute told me that the judge in his case placed a lot of importance on determining who the children’s “primary caretaker” was. What is a “primary caretaker”? In custody cases, the “primary caretaker” factor became important as psychologists began to stress the importance of the bond between a child and his or her primary caretaker. This emotional bond is said to be important to the child’s successful passage through his or her developmental stages, and psychologists strongly encourage the continuation of the “primary caretaker”-child relationship after divorce, as being vital to the child’s psychological stability. When determining which parent has been the primary caretaker, courts focus on direct care-taking responsibilities, including grooming and dressing; meal planning and preparation; health and dental care arrangements; and teaching of reading, writing, and math skills. My wife and I just filed for divorce. Who decides who will get custody of our children? I am the father of a six-month old boy. His mother and I never married, and I am wondering what I can do to get custody of my son. What are my options?Often, an unwed father often cannot win custody over a mother who is a good parent. But, if you can establish that your son’s mother is unfit for parenthood or is incapable of taking care of him, you may be able to get physical custody, especially if you can show that you are the child’s “primary caretaker.” Even if you cannot get physical custody of your son, you should be able to obtain shared legal custody, giving you the right to make important decisions about your son’s upbringing and welfare. In any case, an unmarried father can take steps to secure some form of custody or visitation rights, and ensure an ongoing relationship with his child. Free Consultation with Child Custody LawyerIf you have a question about child custody question or if you need help with custody, please call Ascent Law at (801) 676-5506. We will aggressively fight for you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Business Lawyers and Directories Change of Circumstances and Grandparent Custody via Michael Anderson https://www.ascentlawfirm.com/deciding-on-custody/ ![]() Contrary to popular belief, estate plans are not just for the rich and famous. Most people have at least one thing of value — such as money in bank account, a car, a home. The reality is that many people could benefit from having an estate plan in place. Not only can it help maximize the actual value of the estate you’ll pass on to your heirs and beneficiaries, you’ll have an opportunity to make informed decisions concerning how your assets should be handled while you are still alive. Here are the estate planning mistakes that you need to avoid at all cost: Choosing the wrong person to handle your estate. Sometimes the person you think is the best choice for executor of your estate is not always the case. For example, while you may think your spouse or child may be best suited to handle the affairs of the estate when you are gone, there may be someone else who is not as personally invested to objectively handle the extensive duties and demands required of an executor, trustee, or guardian. Not updating your will. There are many changes that can take place within a family or business structure, such as births, deaths, divorces, and new property acquisitions. Therefore, to ensure the assets you leave behind are given to those you intend, it is wise to perform a periodic update of your will when these changes take place. Look – this is a big one – don’t put your child’s name on the deed to your house. This is a really bad idea. When you put your child’s name on the deed to your home, you are essentially giving your child a hefty sized taxable gift. (See number 4 above). While gifts up to $14,000 are excluded from estate tax, gifts more than $14,000 per spouse are taxable. Instead, create an estate plan that passes on the home or value via an inheritance. Procrastinating. Even for those who realize an estate plan can benefit them, this realization sometimes comes too late in time. To avoid the stress of not having a proper estate plan in place, it would be wise to meet with an estate planning lawyer to help you at least draw up a basic estate. Not meeting with an experienced legal, financial, or tax professional. Not meeting with an estate planning lawyer or other professional is probably the most common mistake a person might do, especially if you have complicated assets or if you have doubts about your own ability to draft an estate plan. An experienced attorney can provide you with tax-planning strategies based on the particular needs and demands of your estate. Estate Planning Lawyer Free ConsultationWhen you need help planning your estate, call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Business Lawyers and Directories Financial Misconduct in Utah Divorce Cases via Michael Anderson https://www.ascentlawfirm.com/avoiding-estate-planning-mistakes/ ![]() One of the primary issues in a divorce is how to split up community property assets. Community property is everything that a husband and wife own together. California, for example, is a community property state. This means both the husband and wife equally own all money earned by either one of them from the beginning of the marriage until the date of separation. In addition, all property acquired during the marriage with “community” money is owned equally by both the wife and husband, regardless of who purchased it. Utah does not have community property – rather it has marital property, which is sort of like community property. It is different though. Like community assets, all debts contracted from the beginning of the marriage until the date of separation are community debts. Therefore, each spouse is equally liable for debts. In most cases, this includes unpaid balances on credit cards, home mortgages and car loan balances. It is important to close out all credit cards, bank accounts, and “joint” accounts as soon as possible after a divorce has been decided. It is not enough to remove names from the account. Separate PropertySeparate property, on the other hand, is everything a husband and wife own separately. Separate property does not need to be divided between the spouses. In most cases, separate property includes: 1. Anything owned prior to marriage Separate property can also include anything that one spouse gives up to the other spouse in writing. In certain cases, separate property can become mixed with community property. When this occurs, it is important be able to trace the payments and show where the separate and community money came from. For example, a husband may have contributed the down payment for a house, got married, and then paid off the mortgage with community property. In this case, the husband would be reimbursed for the down payment if he could prove his separate funds were used to pay it. Similar to separate property, separate debts belong to one spouse. All debts incurred before marriage are separate debts. For example, educational loans or job training loans incurred before marriage would be separate debts. Date of Separation Can Be Important – SometimesIn some states, the date of “separation” is the date when both husband and wife decide to terminate the marriage. In others, it’s considered the date when one of the spouses moves out of the marital home. This is a very important date because it marks the end of when property is characterized as community property. Unfortunately, the date of separation is subjective and often open to debate. The courts will look for physical evidence of a final breakdown, such as moving out of the house. Uncontested vs. Contested DivorcesAt the heart of every divorce are these issues – Division of community and/or marital property; the dividing up of any debt; child custody if you have any; and then the payment of child and/or spousal support (alimony). While no divorce is truly “uncontested” in the sense that there are no disagreements, these disputes do not always have to be resolved in court. That’s what we mean by an uncontested divorce – one where the spouses can reach a decision as to the terms of the divorce without going to trial. Uncontested divorces move more quickly through the courts and are less expensive than contested divorces. Every couple seeking a divorce should first attempt to work out mutual terms for the separation without going to court. If the spouses cannot resolve disputes on their own, many people utilize arbitration and mediation, with or without attorney representation. This saves time and money by bypassing the lengthy litigation and trial process. An uncontested divorce typically reduces hostility, allowing both parties to resume their lives more quickly. Complex issues, high financial stakes and technical legal procedures are the marks of contested divorces. While an uncontested divorce can often be performed without an attorney, litigation often makes experienced counsel necessary for a contested divorce. If one spouse is represented by an attorney or there are difficult financial issues, seeking an attorney may be wise. Free Consultation with Divorce Lawyer in UtahIf you have a question about divorce law or if you need to start or defend against a divorce case in Utah call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Surrender Your Home or Foreclosure Child Support and Parental Relocation via Michael Anderson https://www.ascentlawfirm.com/property-in-divorce/ ![]() While the internet has staked a huge claim to the throne formerly owned by print media, there’s one area where print is still king. That’s business directory listings. If you are in business, not only do you need marketing, good marketing, but you’ll need a business lawyer in Utah. People still rely on listings in the Yellow Pages and local circulars when they’re looking for certain products and services, and in these uncertain economic times, more people are cutting coupons and reading the weekly local circular for the best deals. People look to the Yellow Pages and similar business directory listings for services and products such as auto repair, locksmiths, attorneys, florists, plumbers, etc. Particularly if you’re in one of these industries, you should at least be listed and may want to consider taking out a larger ad than your competitors. You should also investigate other business directory listings that cater toward a specific market, such as senior citizens and people of different ethnicities. Do you Need the Yellow Pages Anymore?The Yellow Pages is still a very effective method of advertising. The obvious drawback of advertising here is that you’re paying to be placed next to your competition. So you’ll have to project a message that differentiates you from your competitors. Don’t sound just like the next business or you’ll risk being lost in the shuffle. For example, if you’re a lawyer and you’re willing to make yourself available 24 hours a day or on weekends and evenings, you should announce that fact. People want to contact businesses that cater to their needs and schedules. If you have the budget, you should consider investing in other forms of advertising in addition to a business listing. Most people will do business with a company that they are familiar with. If a person sees your company through several different outlets they will naturally feel more at ease using your business. Weekly NewspapersBecause of the economic climate, more people are looking at business directory listings in free weekly circulars to find deals on food, clothing, products for the home, haircuts, and anything else where they can cut a few corners. By listing your business, you can catch the eyes of new customers and retain their future business by providing great service once they’re in the door. Yes, you need the InternetHow did we survive without it, right? Internet listings are not as popular as a print directory such as The Yellow Pages. Whether it’s because you don’t see the huge number of listings you do in a print version, or that people are still more comfortable flipping pages to look for certain services, the bottom line for your business is that internet directory advertising may not be right for you yet. You will have to take a look at the promotional material for an internet directory and ask tough questions about the results for businesses. For a small investment, advertising in local directories such as newsletters, circulars, and business directories can provide a targeted audience for your business, and provide bang for your buck. Free Consultation with a Business LawyerIf you are here, you probably have a business law issue you need help with. If you do, call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Bankruptcy from Start to Finish How do I Send a DMCA Take Down Notice? via Michael Anderson https://www.ascentlawfirm.com/business-lawyers-and-directories/ ![]() There are several ways to avoid, or at least minimize, what has to go through the probate process. Believe it or not, probate is part of estate planning. The most common ways to avoid probate are to set up trusts, take advantage of accounts that have an option to designate a beneficiary, and owning property jointly with the person or people whom you want to inherit your property. Another easy way to avoid probate is to simply gift money and property while you’re still alive. However, it’s important to note that a person can only gift a person a certain amount before it’s subject to taxes. Maybe Your Should Get an IRAA Roth IRA is a type of Individual Retirement Account. IRA accounts not only have tax benefits, but also allow the account holder to designate a beneficiary, which means that money in this type of account doesn’t have to go through probate. The tax benefit of a Roth IRA is very different from other retirement accounts. Traditional retirement accounts – like regular IRAs, 401(k)s, or Keogh – are tax deductible. This means that the money you contribute to the account is exempt from taxes. However, the money is taxed when it’s taken out of the account. A Roth IRA, on the other hand, is taxed before it’s put into the account, but not taxed when withdrawn. This can be very beneficial as generally people are in higher tax brackets when they are older. As previously mentioned, Roth IRAs are also a good account to have if you’re thinking about your heirs. While all types of retirement accounts allow the account holder to designate a beneficiary, traditional retirement accounts often have requirements that minimize their usefulness when inherited, such as withdrawal requirements. For example, a traditional IRA requires the account holder to start withdrawing from the account at the age of 70 ½. This means that less money will be in the account when the beneficiary inherits it. Roth IRAs, on the other hand, don’t have withdrawal requirements, which means that the money can continue to grow regardless of your age. Call an Estate Planning LawyerAn attorney is not always necessary in estate planning. However, it would be beneficial to consult with an Estate Planning Lawyer if your estate is large and/or complex. It’s also always a good idea to contact an estate planning attorney if you questions or concerns about how to avoid probate. Finally, if you’ve been named the executor or personal representative in a will, a probate attorney can help you with the probate process. Probate is the court-supervised process of sorting and administering a person’s will. If there isn’t a will, the deceased person’s property still goes through the probate process, and is distributed according to the laws of each state. While this process sounds harmless and easy, the probate process usually takes a lot of time and money. There are various costs and fees associated with the probate process, and can tie up property for months. Probate Lawyer Free ConsultationWhen you need legal help with probate or estate planning, call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Are Out of State Court Decisions Good in Utah? via Michael Anderson https://www.ascentlawfirm.com/how-to-avoid-probate/ ![]() During a divorce, both spouses must be completely open and honest about the assets they own — and the value of those assets. However, trust issues are common for people going through a divorce, and some may have a hard time being certain they are truly getting a fair share of the settlement. This is one of the reasons the discovery phase of a divorce exists. In discovery, the parties exchange information regarding all their income, debts and property ownership. It serves as the first step to ensure the assets owned by the divorcing couple are divided as fairly as possible. In a smooth divorce case, both spouses will voluntarily disclose all the requested information and be totally truthful and forthcoming. However, if you have any reason to suspect your spouse did not fully disclose all his or her assets or income, you may need to use an interrogatory. This is a set of questions addressing specific areas of concern that your spouse must then answer under oath. Lying under oath is, of course, a federal offense. How Expensive is Discovery?Your family lawyer will take the lead on the discovery process, and there are some additional costs associated with it. However, depending on how much you believe your spouse to be hiding from you, it could end up costing you even more to not move ahead with additional discovery procedures, such as interrogatories or depositions. You should be prepared to do what you need to do to come out of the divorce with a fair settlement. Divorce with an Abusive SpouseDivorce is never an easy process. It becomes especially complicated and emotionally trying when one spouse has been physically or emotionally abusive to the other. Before you file for divorce from an abusive spouse, it’s important Once you have your restraining order in place, you can devise a plan with your attorney regarding how you will go through the negotiation process. In general, it is a good idea to limit direct contact as much as you can. Your divorce attorney will be the one to handle contact with your spouse or his/her attorney. Free Consultation with Divorce Lawyer in UtahWhen you need divorce help, call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Hiring Employees for Your Business Environmental Lawyer in Salt Lake City Variable Annuity Investment Lawyers via Michael Anderson https://www.ascentlawfirm.com/discovery-in-divorce/ ![]() The Securities and Exchange Commission filed fraud charges against a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. As a Securities Lawyer, I’ve seen these before. According to the SEC’s complaint, Robert W. Murray purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on the SEC’s EDGAR system purporting that a company named ABM Capital LTD sought to acquire Fitbit’s outstanding shares at a substantial premium. Fitbit’s stock price temporarily spiked when the tender offer became publicly available on Nov. 10, 2016, and Murray sold all of his options for a profit of approximately $3,100. “As alleged in our complaint, Murray used deceptive techniques in a concerted effort to evade detection, but we were able to connect the dots quickly and hold him accountable,” said Stephanie Avakian, Acting Director of the SEC Enforcement Division. In a parallel action, the U.S. Attorney’s Office has also announced criminal charges against Murray. The SEC’s complaint charges Murray with violating antifraud provisions of the federal securities laws, including Section 17(a) of the Securities Act of 1933 and Sections 10(b) and 14(e) of the Securities Exchange Act of 1934, and Rules 10b-5 and 14e-8. The SEC’s continuing investigation is being conducted by David W. Snyder, Assunta Vivolo, Kelly L. Gibson, and Patrick A. McCluskey in the Market Abuse Unit in Philadelphia. The case is being supervised by unit co-chiefs Robert A. Cohen and Joseph G. Sansone. The litigation will be led by Julia C. Green and Christopher R. Kelly of the Philadelphia office. The SEC appreciates the assistance of the U.S. Attorney’s Office at Utah and the U.S. Postal Inspection Service. Accounting Fraud ChargesThe Securities and Exchange Commission has announced that a South Korea-based semiconductor manufacturer and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the financial results reported to investors. The SEC’s order finds that MagnaChip Semiconductor Corp. overstated revenues for nearly two years in response to immense pressure placed on employees each quarter to meet revenue and gross margin targets that had been communicated to the public. Then-CFO Margaret Sakai directed or approved several fraudulent accounting practices to make it falsely appear the company had met those targets. For example, MagnaChip recognized revenue on sales of incomplete or unshipped products, and the company delayed booking obsolete or aged inventory to manipulate its reported gross margin. MagnaChip also engaged in roundtrip transactions to manipulate accounts receivable balances, and concealed from auditors that there were side agreements with distributors to induce them to accept products early. “MagnaChip engaged in a panoply of accounting tricks to artificially meet its financial targets,” said Jina L. Choi, Director of the SEC’s San Francisco Regional Office. “Companies that sell stock in the U.S. markets should prioritize a robust accounting culture that is entirely truthful with investors.”
The Securities and Exchange Commission has announced that a New Jersey-based firm and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money to repay earlier investors in Ponzi-like fashion and tapped investor funds for the CEO’s personal use. According to the SEC’s complaint, Verto Capital Management and William Schantz III raised approximately $12.5 million selling promissory notes to purportedly fund Verto Capital’s purchase and sale of life settlements, which are life insurance policies sold in the secondary market. The SEC alleges that they misrepresented to investors that Verto Capital was a profitable company and investor funds would be used for general working capital purposes. Verto Capital and other Schantz businesses had been unprofitable for several years, according to the SEC’s complaint, and Schantz resorted to taking disproportionately large distributions of investor funds for himself and using new investor money to repay earlier investors. Verto Capital and Schantz also allegedly made misrepresentations to investors about the safety of the notes and collateral underlying them. The SEC alleges that the promissory notes were primarily sold through a group of insurance brokers in Texas, and religious investors were targeted. “As alleged in our complaint, investors were told that the life settlement-backed notes were short-term investments with an unlikely event of default. Schantz and Verto misled investors about the company’s past performance and the value of the collateral, and they diverted significant investor funds for Schantz’s personal use,” said Andrew M. Calamari. A Fair Fund will be created to return money collected in the settlement to harmed investors. Schantz and Verto Capital agreed to pay disgorgement of $3,433,666 plus interest of $124,851 and a penalty of $600,000. Without admitting or denying the allegations, they consented to permanent injunctions against further violations of Section 17(a)(2) and (3) and Section 5 of the Securities Act of 1933. Schantz further agreed to be enjoined from selling any promissory notes. The settlement is subject to court approval. SEC Lawyer Free ConsultationIf you’ve been charged by the SEC, call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Don’t Miss Your Visitation Time Which Visitation Schedule is Right? via Michael Anderson https://www.ascentlawfirm.com/lawyer-for-sec-charges/ ![]() Under most circumstances, biological parents are expected to make decisions involving their children. The custody arrangement is usually one of the most contentious aspects of the divorce process as there is often disagreements about which parent will stay with the children. If you are involved in a custody dispute and you don’t seem to agree with your former spouse, contact Salt Lake City child custody attorney. The majority of family courts may not grant sole custody because they don’t consider it beneficial to the children. If you want to win sole custody, you should have an attorney by your side to gather clear and convincing evidence. You need to convince the judge why sole custody will serve the child’s best interest. If there is evidence of drug and alcohol abuse or domestic violence, you may have a case. Think About These ThingsThere are some factors courts generally consider when determining child custody. The most important factor to consider is what’s the child’s best interest. Other factors are outlined herein –
How do you win sole custody?It is possible to have the full parental responsibility of your children under some specific circumstances. While most parents may prefer sole physical custody, it is not always possible. Children need both biological parents when growing up. In most cases, even when one parent is granted full custody, the other parent is granted certain visitation rights unless it is not safe for the child to spend time with the non-custodial parent. This is the typical scenario in cases involving child abuse or domestic violence. Divorce Property DivisionIf your marriage is coming to an end, you probably wonder how your marital property will be divided. Most couples accumulate a lot of belongings during the course of their marriage. Dividing marital property fairly is what every couple wants. After all, it will benefit the whole family and help you avoid costly legal fees and unnecessary legal battles in the future. Joint marital assets are divided equally. However, there are other ways to divide property, which only an experienced Salt Lake City asset and property division attorney can explain to you in more details. Some couples are able to come to an amicable agreement about the division of their assets. Yet there are always disagreements about specific items. It is common exchanging items. For instance, the wife may want to keep the house and the car while the husband prefers other marital property. Sometimes mediators are used in order to divide the proceeds equally. It is important you are familiar with the laws in your state and how they may apply to your specific situation. DebtsThis is also an important aspect of your divorce process. Debts are often more difficult to divide. In order to properly divide them, you will first have to calculate how much you owe. You should order your joint credit card report. Some divorce parties run up debt without the former’s spouse consent, particularly if he or she is considering a divorce. Once you obtain the credit card reports, you proceed to identify which debt is yours. It is important both divorce parties agree to stop the debt from growing larger. Some parties like to cancel most of their credit cards and leave one to use in case of an emergency. TaxesMost divorcees talk about child custody, alimony, asset and debt division but they forget about other important issues such as the tax implications of divorce. Some tax issues you will have to deal with include things like – tax exemptions for dependents if you have children – claiming the Head of the Household status -tax deductible attorney fees – avoiding non-deductible child support – avoiding non-deductible maintenance payments RetirementRetirement benefits can also be divided equally. You need to consider how these assets can be divided with the help of a qualified child custody lawyer familiar with these types of cases. It is important you secure your financial future and the future of your loved ones. Child Custody Lawyer Free ConsultationIf you have a question about child custody question or if you need help with custody, please call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Don’t Miss Your Visitation Time via Michael Anderson https://www.ascentlawfirm.com/winning-sole-custody/ |
About MeIn 2009 I was creating marketing channels for barbie dolls in Nigeria. Spent a weekend implementing dogmas in Naples, FL. Won several awards for writing about toy trucks in Mexico. Spent 2001-2007 analyzing deodorant in Pensacola, FL. Spent 2001-2004 researching heroin in Miami, FL. Enthusiastic about writing about clip-on ties in Naples, FL. Archives
June 2019
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