Leaving All Financial Decisions to One Spouse Is Asking for Trouble
While it’s common for one partner to handle most money decisions in a marriage, it’s important for planners to make sure to listen to both.
Remarried after kids – avoid accidentally disinheriting them
If you’ve tied the knot again and hope to pass on assets to your kids from a previous marriage, don’t overlook the importance of planning for when you pass away.
Many people lack even a basic will and the stakes can be higher if you do no estate planning when you remarry. As a result, your children could unintentionally be disinherited.
“A conversation about estate planning is absolutely critical in remarriages,” said certified financial planner Lili Vasileff, founder and president of Divorce and Money Matters in Greenwich, Connecticut.“It’s emotional and hard to talk about, but the last thing you want to do is leave adult kids with a disaster.”
Half of widows see their income drop by 50%
When your spouse passes away, you don’t have to struggle financially Julie HalpertNovember 26, 2018considerable.com In March 2013, Ginny McKinney and her husband,
Widows see their income drop by 50% – don’t be one of them
In March 2013, Ginny McKinney and her husband, Dan, were shopping for a camper to pursue their dream of traveling to great golf courses around the country. Then Dan died of a heart attack. He was 62 years old and she was 59.
“It was devastating. Grief is like an onion. You have the initial shock of the loss itself, but then it keeps going deeper and deeper,” Ginny says.
And in Ginny’s case, the emotional challenges were compounded by financial setbacks.
Many people don’t know what their spouse spends on holiday shopping
Almost half of Americans say their spouses or significant others do not know how much they spend during the holiday season.In some cases, shoppers are
Secret Santa: what spouses spend on holiday shopping
For many consumers, the real magic of the holiday season is the sleight of hand it takes to hide overspending from their spouse.
Almost half of Americans say their spouses or significant others do not know how much they spend during the holiday season, according to a new survey of 1,000 U.S. adults from SwagBucks.com .
December is expected to be a busy month for the nation’s divorce courts. The tax overhaul enacted late last year eliminated the deduction for alimony, but unlike most provisions in the law, this one doesn’t take effect until 2019.
This is why baby boomers are divorcing at a stunning rate
When ‘until death do us part’ sounds like agony(Courtesy Everett Collection) Published: Oct 20, 2018 10:59 a.m. ETBy ANGELA MOORE, SENIOR EDITOR Looking ahead to
Getting divorced? How will you pay for kids’ college
Divorce throws a wrench in many long-term plans, from savings to retirement and beyond. If you’re divorcing and have children, even if they are young, you should also consider the impact the end of your marriage will have on their college plans.
Some states require divorcing couples to address how they will pay for their children\’s college education in their divorce papers. The clause does not require that one or both parents pay for college, but that they come to an agreement about what contributions they will make to higher education for their offspring.
9 Expert Tips When Negotiating an Alimony Settlement
At a certain point, the topic has to be dealt with.The only way to do it successfully is to arm yourself with as much knowledge
