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How Blended Families Can Address Finances and Inheritance Issues
When you remarry, you’re not only combining residences with your new spouse, you’re also merging your finances. If you have children, it may involve some financial-related stress.
How Do I Plan My Estate with a College-Age Child?
If you have a college-aged child, estate planning is probably the last thing on your mind.
American Life Expectancy Has Gone Down
This undesired streak marks the first time in 100 years the life expectancy in the U.S. has declined for three or more consecutive years.
Strategies for the “Sandwich” Generation
You do not have to be raising young children to be in the sandwich generation. Your children might be adults but need financial help, because of student loans or other financial pressures.
How Can I Upgrade My Estate Plan?
Everyone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. However, it’s not just freewheeling entertainers.
‘Bye Bye Love’ Rocker Ric Ocasek Cuts Wife Out of Will
“Late Cars’ singer Ric Ocasek cut his estranged, supermodel wife out of his will, claiming that she ‘abandoned’ him, the now-public document reveals.
What Does an Executor Actually Do?
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
What Are the Rules About an Inheritance Received During Marriage?
An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.
Blended Families Need More Thoughtful Estate Plans
When the first spouse dies, the surviving spouse may not remain as close with his or her stepchildren. Small irritations which were overlooked during the lifetime of the spouse who died, may become outright disputes.
A Good Estate Plan Equals Peace of Mind and Peace in the Family
More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets.