Posted on February 08, 2017 Under
Do I really need a will?
How a person’s assets are divided when they pass away is a mystery to most everyone. Without a will in place, asset division upon death is determined by the laws of the state where that person resided. A study done in 2014 found that 60% of Americans do not have a will in place. The assumption people typically make is, when a spouse dies, all their property goes to the surviving spouse. In Indiana, however, that is not necessarily the case.
Posted on January 11, 2017 Under
How is Property Divided in a Divorce?
Everyone has heard that story about someone who went through a divorce and came out with absolutely nothing. Friends tell friends to get this attorney or that attorney because they were able to get them the house, the car, and the bank accounts, and their spouse was left with the rest. What those people might not be able to explain (if those stories are actually true) is why that happened.
First, Indiana law presumes that a 50/50 division of marital assets is just and reasonable. That means that after all the assets are valued and the debts are accounted for, the presumption is that each party will receive half. That is not always the case however. Indiana Code 31-15-7-5 also lists five factors that the court should consider in rebutting a 50/50 division.
Posted on January 04, 2017 Under How To
Finding the Right Attorney
So you have a legal problem… Consulting an attorney can be a costly and intimidating process. Choosing the right attorney is an extremely important decision. Someone who is knowledgeable in the field, and ef
Posted on December 16, 2016 Under Introduction
Welcome to the Law Offices of Steven K. Deig Blog page. We are excited to have a way to post helpful information to the public on issues relating to areas of the law that our office handles. For a bit of background information...