An uncontested divorce is simply a case in which both parents work together to resolve their legal issues. They generally agree on major topics like child support payments, child custody schedules, parenting plans and the division of assets.
Dividing your assets between your children seems simple at first. You have three kids and $150,000 in the bank. You give them all $50,000. You have another $90,000 in investments, and you send $30,000 to each. You can divide your retirement savings, life insurance and other financial assets equally, helping to prevent any fights and disagreements after you pass away.
Closing costs sometimes take new home buyers by surprise. They assume they'll need to pay the down payment and make their monthly payments, and that's it. However, though the exact amount that needs to be paid varies with every transaction, buyers can also face significant additional costs at closing.
You liked your mortgage terms when you bought your house, but that was five years ago. Now you're wondering if you should just go on paying for the full 30 years or if you need to consider refinancing.
Even though the housing market has somewhat stabilized over the years, many home owners are still concerned that the worst could happen: that they could suddenly lose their job as well as their ability to pay their mortgage, thus leaving their home vulnerable to a short sale or worse, foreclosure.