Tallahassee Florida Legal Blog

Bankruptcy often feels like a massive blow to your finances between selling assets and addressing outstanding debts. The last thing on your mind is probably rebuilding credit and possibly getting a new credit card.

However, a significant step after bankruptcy is building up your credit score. The main avenue to recover a credit score is to get an affordable credit card and pay off the bills on time.

The end of 2018 is closing in fast. The end of the year can be a good time for people to review their various accounts to see what financial position they are currently in and what they can do to help further their goals for the upcoming year and beyond.

When doing a year-end look through of their insurance and retirement savings accounts, there is also an important estate planning step people may want to add in. This step is to check the beneficiary designations on these accounts to see if they still match one’s wishes.

If a person is convicted of DUI, the conviction can have many impacts on his or her driver's license and his or her vehicles. Typically, DUI convictions come with license suspensions. Here in Florida, they also often come with vehicle impoundment.

Under state law, when a person receives a DUI conviction, the vehicles he or she owns are generally to be impounded or immobilized for a period of time. If the person gets jail time in connection to the DUI, the immobilization or impoundment can't happen at the same time as his or her incarceration.

There are many tools people can use in their efforts to achieve their estate planning goals. This includes trusts. Today, we'll go over one particular type of trust: The testamentary trust.