Check your life insurance policies to make sure you have the correct people designated as your beneficiaries.
In divorce cases, the decree typically requires that a spouse who has a child support obligation to carry a life insurance policy until the children reach majority age. But after that time, it is probably not a good idea to keep your former spouse as a beneficiary. People, however, can forget and leave a former spouse on the policy. It happens all the time.
Investment firms are good at reminding you to check your beneficiary designations on a yearly basis. The life insurance companies? Not so much. Especially on older ...
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Begley elected by fellow attorneys. Again!
I was elected as an attorney alternate to the Judicial Nominating Committee, Supreme Court, Fourth District. I just completed a term as a regular attorney member on another Supreme Court Nominating Committee.
Attorneys apply for judgeships. The committee then interviews and passes onto the Governor qualified candidates. This is a good thing as some unqualified attorneys have applied for judgeships in the past and their names weren't advanced to the Governor. We don't elect judges in Nebraska (thank goodness!), but judges do stand for retention elections.
Being a judge is a tough job and our state deserves the best and brightest in that ...
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Another DYI legal disaster
A matter recently came across my desk and it highlights why - even in the simplest legal matters - it is the smart to hire a lawyer.
Twenty years ago a guy lends a significant amount of money to a "friend." A promissory note is signed. Within the note, the friend offers collateral of his partnership interest in two very valuable commercial buildings in Omaha.
The problem? The lender didn't perfect his security interest in the collateral.
Result? Debtor sells his partnership interest in the two buildings and lender doesn't get paid. The note remains unpaid to this day.
If the creditor had perfected his security interest, he would ...
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