Baikow Legal, LLC

Divorced parents have to navigate a lot of challenges, but there’s a new issue looming on the horizon thanks to the $1.9 trillion American Rescue Plan: the child tax credit. https://cnb.cx/30B6J9t

Planning ahead of time in case of divorce can make things easier on everyone involved. https://bit.ly/3qnsaFv

Losing a loved one isn’t just an emotional burden it also carries an administrative load. You can reduce that load for your own heirs by communicating your preferences about your assets clearly. https://bit.ly/2V8Oczh

Having a solid end-of-life plan in place can be a big help to you and your family when the time comes. #EstatePlanning

Estate planning can be tough and very challenging, especially if you're a high-net-worth individual. Make sure you hire someone to take care of your best interests when you're ready to plan your estate. https://bit.ly/3aTLk1E

Though adoption is a wonderful thing, the process can be stressful as well as expensive. Thankfully, many families are eligible for relief in the form of the adoption tax credit. https://bit.ly/3aMEISr

Do you expect your parents to leave you a financial legacy? Perhaps the bigger question is how to even approach this topic with your parents. https://yhoo.it/3pvvaiU

Developing a plan for paying for college as part of your divorce is imperative to ensuring that your children have the educational opportunities that they deserve. https://bit.ly/2JIkU7g

If you took on your spouse’s last name or added it to your own, you may also have to make the call on what you’re going to do with your name post-divorce. https://bit.ly/2WG9KDw

There are mistakes people make when they try do-it-yourself estate planning. When you want a comprehensive end-of-life plan, some professional advice can be helpful. https://bit.ly/34ySvZ0

The biggest advantage of beneficiary-designated accounts is that they avoid the legal probate process. As long as the beneficiaries are properly designated, those named take precedence over even what a will might say. #EstatePlanning https://bit.ly/3pgjiRY

Making the effort to formally establish paternity is about much more than the potential to receive child support. #FamilyLaw

Finance experts say the opportunity to rethink priorities and start fresh after a divorce can be a positive. https://bit.ly/2HzKLNL

Understand what your options are for separating yourself financially from your former spouse so that you can start rebuilding your life post-marriage. #Divorce http://bit.ly/31RqJ5E

Without proper estate planning documentation, a person’s wishes for their assets may not be followed. Beyond a will, there are documents in place that can assist in describing how their wishes are conducted, and types of accounts that can hold significant assets. https://on.mktw.net/3kIZHHS

Retirement assets often represents a divorcing couple s largest pot of money. And if the process for the division of those assets is not done properly, there can be a steep price to pay in taxes, penalties or an unintended amount of money going to an ex-spouse. https://cnb.cx/35Ao1Ub

Here’s what you should consider if you’re planning to untangle joint credit card debt during a divorce. https://bit.ly/3o9rXG3

There isn't always an easy solution to dividing your 401(k) assets in a divorce, but you can make the process a little less painful by understanding what your 401(k) plan allows and what your state requires. https://bit.ly/3kcjM9m

A will isn’t always the best option for bequeathing everything. #EstatePlanning https://bit.ly/3lZxVXu

Going to court to fight for child custody is an emotional time, and many parents make mistakes simply because they're uncertain about what to do. Here are some common child custody mistakes parents make, along with tips on how to avoid them. #FamilyLaw https://bit.ly/37mr9HS

Divorce adds additional challenges to the already difficult job of being parents. The key for divorced parents can be to stay focused on areas of common ground.

No one likes to think about dying or about someone else raising their children. But a will can guide your loved ones, head off family feuds and potentially save your family thousands of dollars. http://bit.ly/2OrUEi5

Maintaining financial stability is crucial to living the life you want after the divorce. Arming yourself with a well-informed plan for each stage of the divorce may ease your transition to single life and help protect your financial future. https://bit.ly/3lP9Gfg

There are several myths about how estates must be distributed that can lead to stress about family dynamics. https://yhoo.it/3gr7mcy

Estate planning isn’t just for the wealthy and aging. It also includes provisions for while you’re still alive, and everyone can benefit from having a plan in place if they’re no longer able to care for themselves or make important decisions. http://bit.ly/2qv8cPB

A medical power of attorney gives a loved one or friend the legal capacity to make health decisions for you. These decisions may concern everything from which treatment option to proceed with, to whether or not to prolong your life through artificial means. https://yhoo.it/2NRyTtc

Knowing how debt works after death and being prepared with clear instructions for inheritors is one of the best ways to ensure that all your hard work pays off. https://on.mktw.net/2W2p63Y

There was a time when you didn’t worry much about your email account, or the website you bought years ago, or your usernames and passwords for various financial and other accounts. But now you must make sure that your loved ones have access to your digital assets should you die. https://bit.ly/39qHTPa

Child Support typically begins on the date the court order is filed. It is not retroactive beyond the date of the filing which is why it’s so important to begin the process as soon as possible. #FamilyLaw

Divorce can be a long and difficult process. You'll need to make decisions about a number of things, including debt that you took on jointly with your spouse. Don't just assume that your divorce will split loans up the way you expected, and take steps to protect yourself from future financial troubles (and stress) down the road. http://bit.ly/32XHpsN

Workers in certain industries are seeing higher divorce rates by age 30, according to an analysis of U.S. Census Data. #Divorce https://bit.ly/3pFZpVk

A cohabitation agreement can spell out how you will share responsibilities during the time you are living together and help you in the event that you eventually decide to separate. #FamilyLaw

When couples get divorced, their assets are usually divided, but that split doesn't automatically extend to retirement plans, which is where a qualified domestic relations order (QDRO) can come into play. http://bit.ly/36nTRo4

The coronavirus pandemic has presented some challenges you don’t typically see with other states of emergency--challenges even the most prescient parenting plan may not have accounted for. https://nyti.ms/3lDeogk

Whenever you ultimately decide to cut down your time at work or leave the workforce altogether, you need to ensure that you have a full slate of estate planning documents in place. https://bit.ly/3l8Wv8t

Estate planning is a powerful phrase with a simple aim: To create a plan to protect yourself and your loved ones in the event of sickness, accidents or death. https://bit.ly/3kAfurW

Dividing your assets in a divorce settlement is tough, and there's no way to split a co-owned house in two. Depending on your situation, having one party remain in the home or selling it outright may be best. http://bit.ly/32XGBEh

You finalized a will, made sure beneficiaries are named on financial accounts, signed all other pertinent documents and picked an executor to carry out your wishes when you die. You might have overlooked one consideration: whether you should share the details of your efforts with your adult children. https://cnb.cx/3pzpepP

Your home loan could continue to be your legal responsibility, even after a divorce. Because of the huge risks of remaining on a mortgage loan, you'll likely want to take action to protect yourself. https://bit.ly/35gvFGb

There comes a moment in many relationships where the partnership is no longer viable, and where separation or divorce is the unavoidable next step. And while divorcing or going separate ways is rarely easy, couples dissolving their households during Covid-19 are facing new woes. https://cnn.it/2TnyD5b

Trusts are an essential part of many estate plans. Here are the key terms and concepts of the most widely-used types of trusts. https://bit.ly/2J1Rh0o

When do you need your estate plan to "go to work" for you? While you may think the right answer is "after I die," the actual answer is "if I lose the ability to manage my own affairs." https://bit.ly/2ExpwLk

Ending a marriage can be difficult, but don't let that deter you from working with your ex to help ensure your children are taken care of financially. https://bit.ly/34emc0H

No one likes to contemplate their mortality but making basic preparations with your finances can save your loved ones from financial stress while grieving your loss. Make sure to use beneficiary and POD designations whenever possible and have a will drawn up by an attorney to outline your final wishes. https://bit.ly/34eg7RV

There is significant complexity with the laws surrounding special needs trusts, so having an attorney with experience in the area is key. https://bit.ly/2HbZ2jB

Just because you're divorcing doesn't mean that your former spouse can't still hurt your credit. Fortunately, it is possible to rebuild your credit score after a divorce causes a blow. #Divorce http://bit.ly/2Miv0KW

Even the most amicable relationship under constant duress, such as a national health crisis, can create friction. This is especially true for co-parents navigating complicated relationships with their exes. https://wapo.st/2ZNvvmK

With a rise in gray divorces in recent years, it’s only natural that remarriage has become more prevalent among seniors. But people tend to be lax about updating their estate plan. https://bit.ly/2Hb3Zcp

Married couples have lots of different options for strategizing to increase their Social Security benefits. While you may assume you lose that ability if you divorce, that's not necessarily the case. https://bit.ly/2ZJXIdW

Every estate should have a will and some estates may include trusts. Your estate planner can help you to determine which vehicle fits best with your estate and your goals for cost, efficiency, privacy, and more. http://bit.ly/2Lzeea0

There are several steps you can take to better protect your finances as you go through your divorce. http://bit.ly/2Nq8oaP

Nearly one in 10 of married or partnered people in the United States say they are very likely to separate from their partner or spouse at least in part because of issues related to the pandemic, according to a recent poll. #FamilyLaw https://nyti.ms/351bJYb

It is important to make sure we have current estate planning decisions and end-of-life decisions in place. https://bit.ly/32XLyir

Divorce is a difficult process, and even more so during a pandemic. But if you can manage the dissolution of your marriage and keep it from exploding into angry chaos, you will save yourself from greater hurt and the need for even more healing. https://wb.md/3gHD9V6

Don't let the end of your marriage derail your savings or reduce your Social Security benefits. http://bit.ly/2VKr7BK

While end-of-life planning may seem morbid, an estate plan can protect you and your assets not just after you die, but during your life as well.

A divorce isn’t just an emotional challenge, it’s a logistical one, too. But while you’re sorting out who gets what, it’s important to make sure that you’ll be able to land on your feet financially and won’t be saddled with your former spouse’s debt. http://bit.ly/2MGUORd

If something were to happen to you, would your loved ones know your wishes and how to put your affairs in order? #EstatePlanning

In a divorce, courts decide whether to issue alimony payments, and in what amount, based on a variety of criteria. But you and your spouse can also negotiate an alimony settlement and ask the court to approve it. #Divorce

If you decide to end your marriage, you'll need to address not only how to divide your assets, but how to split the debt you and your spouse collectively owe. Unfortunately, the process is actually even harder than it looks -- and if you don't do it right, you could get stuck having to pay back your spouse's debt after a #divorce http://bit.ly/2o0Pm1S

Divorce happens. For couples with children, what comes after can make all the difference in how family dynamics continue. #FamilyLaw https://on.today.com/3l5QtWN

A will is just one of several legal documents that help your loved ones know your end-of-life wishes. https://cnb.cx/2DIIEVU

Setting up a trust gives you control over your money after your death, and sometimes even during your lifetime. #EstatePlanning https://bit.ly/2Q4PzvA

If you find yourself going through divorce, or recovering from one, remember that you are closing one chapter of your life, but one chapter does not make a novel. https://yhoo.it/3002p4Z

If you're divorcing and have children, even if they are young, consider the impact the end of your marriage will have on their college plans. #FamilyLaw

It's important to consider the tax impacts of all assets to be split in your divorce settlement. https://bit.ly/2CgvE9N

If you choose to use a trust to organize your estate, then whomever you appoint as trustee has certain legal obligations, known as fiduciary duty. #EstatePlanning https://yhoo.it/3gbKhK0

A common misconception is that you have to be either old or rich to have an estate plan, which is why a lot of young people avoid it. But the reality is that estate planning is important regardless of your age or wealth. https://bit.ly/3fx71mK

If you’re on the verge of divorce, there are steps you can take to slash your tax bill laterparticularly when it comes to selling your home, which often happens when couples split. https://bit.ly/2Xecokn

One goal of estate planning is to make sure your wealth and other assets go to those you intend. But good estate planning also can reduce family strife, and provide clear end-of-life directives should an individual become incapacitated before ultimately passing away. https://bit.ly/2DH7V2A

Rebuilding your financial life after a marriage ends can seem daunting, but it is doable. http://bit.ly/2LDuWFv

You divorced several years ago and agreed on child support payments. Now, you're re-marrying. You may decide to have more children with your new spouse -- or you may be taking on financial responsibility for your new spouse's children. You may even be thinking about adopting your new spouse's children from a previous marriage. Under any of these circumstances, it's important to know about your legal obligations and options. #FamilyLaw https://bit.ly/31QXEHU