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Will You Add? - Second Marriages - Estate Planning Concerns
You can see immediate results in your bank account by remembering that not everyone is like you. The very things that may help you make a sale to one person may just as easily disqualify you from the next. Bob may love to "shoot the breeze" before he gets into any specifics about what he wants to buy or you want to sell. Su
What this means is that if his father dies after he re-marries and fails to modify his estate plan, his new wife may receive statutory
Each year billions of dollars are pumped into space research and many people here on Earth feel that that it is a waste of money because we could be doing other things here at home such as finding a cure for cancer. However, what many people may not realize is that the space research we do often will help in many medical ende
Phil,
My dad, age 87, is getting married soon so that his new wife will be eligible for social security benefits on his earnings. In his living trust he had made arrangements for me, my sister, and his lady friend. What changes for us, his kids, when he marries this lady? What do we need to know?
Wow, what a predicament.
My first reaction is to ask if his father was entering into a marital agreement (a pre-nuptial agreement, or pre-nup) before the marriage. What a pre-nuptial agreement will allow is for his father to maintain control over the use and disposition of his estate.
Without a pre-nuptial agreement, the laws of their state concerning marital property will control.
What this means is that if his father dies after he re-marries and fails to modify his estate plan, his new wife may receive statutory
Revolution in the world of IT has shrunk the world and today the whole world has become a small global village. Now we have all entered that age where by hitting just a few buttons we can come across any information that we wish to know. The one thing which is lacking today is time and due to this we have not been able to enjo
Wow, what a predicament.
My first reaction is to ask if his father was entering into a marital agreement (a pre-nuptial agreement, or pre-nup) before the marriage. What a pre-nuptial agreement will allow is for his father to maintain control over the use and disposition of his estate.
Without a pre-nuptial agreement, the laws of their state concerning marital property will control.
What this means is that if his father dies after he re-marries and fails to modify his estate plan, his new wife may receive statutory
If you want to go on holiday but cannot afford the large payment in one go, then you might want to think about taking out a loan for travel purposes. Many people never get to travel to the places they want because of a lack of current cash flow. However, more and more companies are offering loans specifically for travel and ho
Wow, what a predicament.
My first reaction is to ask if his father was entering into a marital agreement (a pre-nuptial agreement, or pre-nup) before the marriage. What a pre-nuptial agreement will allow is for his father to maintain control over the use and disposition of his estate.
Without a pre-nuptial agreement, the laws of their state concerning marital property will control.
What this means is that if his father dies after he re-marries and fails to modify his estate plan, his new wife may receive statutory
These days, every web host there is, boldly claims to be the best value, best speed, best extras… and generally the cream of the crop.But how do you really know which web host is telling the truth, and more importantly, which really IS the best host to go for?At the beginning of your decision making, you need to
Without a pre-nuptial agreement, the laws of their state concerning marital property will control.
What this means is that if his father dies after he re-marries and fails to modify his estate plan, his new wife may receive statutory
Calling internet auctions an “Entrepreneur's Dream” isn't poetic license or part of the get-rich-quick rhetoric. Net auctions are the simplest, easiest way on this planet for the little guy to make money.1. NOT the typical business startupFirst, the would-be entrepreneur decides on a product or service. He begs,
What this means is that if his father dies after he re-marries and fails to modify his estate plan, his new wife may receive statutory claims or benefits from the father’s estate (each state is different, so it is critical to receive local advice).
Another area of concern is what happens if the father re-marries and then the wife becomes incompetent? By getting married, the father has opened up his net worth to the medical claims and needs of his new wife.
When I was in active practice and was consulted by a widowed client who wanted to re-marry, I reviewed the rules concerning long term health (nursing home rules and costs) with him. I showed him what he would be responsible for if they were to re-marry. I’d say 8 out of 10 people I saw and went over this with decided not to re-marry after learning the rules. They decided to “live in sin.”
Another area of dispute I often saw was when the re-marrying parent wanted to change his or her esta
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