Protecting Your Own Assets
Over the last three months attending business classes at
Toledo, located at 1946 N. 13 Street, Suite 437, I discovered interesting
facts about business, networking and relationships.
On one particular day the class discussed the dangers of moving in with a
partner and not having financial perspicacity.
For richer, for poorer, for better, for worse: it may sound romantic but few
couples discuss the financial implications of married life before walking up
the aisle. Debt is a real passion-killer. It is imperative to discuss
financial issues before eloping or you'll be gaining a life partner along
with a host of unwanted bills, overdrafts and credit card debts.
Please don't mistake the debt I'm referring to as just credit debt. If debts
spiral seriously out of control it can cost your savings, your business and
even your own home to vanish in thin air.
And it's not just the newly-webs that have to watch out for this repeated
pattern. Anyone who plans to move in with a partner should take into
consideration how their pockets will be affected if the other falls into debt.
Now before you scream, "Cancel the cake and send the dress back in a coffin!"
there are some simple steps you can take to secure your financial health from
even the most unsavvy, financially inept spouse.
The number one tool is to protect your own assets. Assets are useful or
valuable qualities, persons, or things; an advantage or resource. Any bank
account, savings, property or equity that is in your name is legally yours.
In the event that your spouse runs into serious financial difficulties, the
creditors can't pursue you for this money. This applies to debt run up from
before your marriage as to any during it.
If you have a bank account that has been open for up to five years in your
name, your salary is paid in every month, your money is safe. If, however,
it was a joint bank account that was simply transferred into your name a
couple of months before your partner files for bankruptcy, then expect legal
proceeding. Understand that Creditors will try to grab assets that are legally
theirs. If you can prove that the assets you owned were purely by your own
means, or gifted to you before your partners financial debts, then creditors
have absolutely no legal right to grab those assets.
Again if one spouse has run into severe financial problems, such as filing
for bankruptcy, creditors can legally go after these joint assets. But they
are only entitled to that person's share of the assets. So, for example, if
you have a shared savings account with $5,000 on deposit, creditors could
apply to receive half of this. The same applies to property. If the home is
in both partners' names, then creditors are only entitled to 50 per cent of
the property's value, even if the outstanding debt is far greater than this
amount. Of course, this often means that couples are still forced to sell the
family home to pay this share of the debt.
There are many businessmen who put property solely in their wife's name, in
order to protect the family home if the business fails. But if you consider
doing this- remember the property then belongs to just one partner. Think about
carefully about going with this action in case of a divorce in the future.
Terry J. Snipes
Visit my other blog at:
Top Online Dating Services for Jewish American Russian Singles
by Tanya Wiseman
These days there are a large number of top online dating websites accessible to both general and specialist
groups. From professional agencies which trade with thousands of profiles globally, to those which merely
focus on a single religion, sexuality or locality. Most of the top online dating sites today have security
and confidentiality policies and it's good to stay away from those who don't have it. Top online dating
sites which have security policies examine their members; they have policies and conditions of use allowing
people to be disqualified from the site. They have protective measures which ensure that the members dating
online will not face any severe irritation when logged in. some top online dating services will register with data protection registrars and have a strict
password system protecting accounts.
The top online dating sites will be conscious mainly of women's issues when dating online and will have a
positive policy which allows women members to block those people whom they do not wish to communicate with,
without repercussions. Since Email is a private affair when dating online, top online dating sites generally
keep your email inside the site itself so that you have a protected in box but messages are never send out
to your real world address. Instant messaging is very popular when dating online and permits on the spot
communication with other members who are online at the same time. This makes possible easy and private
chats which can lead to a very promising and positive relationship.
Not all the dating websites provide chat rooms which are very useful for new daters and socialites who love
to chat with too many people at once. It is a great way of taking your typing and chatting skills to the
top form. The top online dating sites let you to use a different name in a chat room to your regular
profile to maintain secrecy levels. The other most popular communication features these days voicemail.
Other than chatting online it is very useful and exciting to have voice messages and listen too without
ever giving out an actual telephone number. Many top online dating sites use secure voicemail box Ids and
passwords through a common number allowing people to send and receive voice messages between themselves
and members they like.
Here are some important things you should always keep in mind when trying to use the Internet for dating.
- Use an expert introduction agency, one that has been established for at least 4 years
- Go for an agency that lets free profile registration for all members
- Go for an online service that lets you to post more than one photo for free of cost
- Go for a dating services agency that has a secure ecommerce system
- Do not go for an absolutely free agencies as the services are not always of high quality
- Search for an online agency that offers email and messaging that are onsite
- Don't go for an agencies that persist on sending emails to your own inbox
- The top online dating specialists offer you great customer service
- Go for an agency that is interesting and relaxed and suits your requirements
- Search for online agencies that provide detailed dating articles and advice
- Ensure that the online agency includes their full address and phone number
- Search for an Internet agency that is ready to chat about any issues you may have
- Go for an agency that provides different methods of secure payment
- Some of the top online dating agencies allow payment in different currencies
- Ensure that the search facilities are fast and suit your style of searching