The article presents narratives which illustrate second-marriage estate-planning issues. It is stated that proper state planning leads to the fulfillment of one's intent concerning post-death distribution of asset...
The article offers information on the 10 things to ponder on estate planning for second marriages. Among the points to ponder include right of wife to challenge the will of the husband and receive the share prescribed by statute, having prenuptial agreement, and having divorce decree of separation...
Estate planning in second marriages Distinct needs Same-sex couplesEstate Planning and Guardianship for Children Under 18There are lots of factors to take into account if you have children. Who would care for them if you were to pass away before they reach adulthood? This is a difficult questio...
This CLE/CPE webinar will give estate planners and advisers an in-depth discussion of various challenges and estate planning techniques for mixed-nationality couples. The panel will discuss key planning considerations and available options, the impact of tax resident status on estate planning, and U...
Marriages Divorces If any of the above happens to a named beneficiary, a chosen representative, or an appointed guardian, you should take steps to ensure your estate plan is current. After considering these estate planning basics, you'll be ready to move forward with getting your affairs in or...
ReadViewpoints: “The power of planning together” 2. Create a family financial management plan. You’re not going to sit down “in one fell swoop and have a plan in place,” says Schmitt. “Start with the bare bones.” In case of emergency, who are your parents’ financial professionals...
in the situation where your beneficiary is a second spouse and you both have children from previous marriages, you should consider including a contingency that if your spouse (the primary beneficiary) does not survive you for a set period of time, then the remainder of your estate should transf...
Marriages, already in decline in 2019, fell by 47.5% in 2020 compared to a year earlier for a total of 96,687, with lockdown, ban on event organisation, restrictions on the number of people allowed to attend ceremonies as well as travel restrictions and the economic effects of the pandemic...
Other Planning Options. Taxpayers should also consider other means for utilizing the increased federal exemption amounts, such as triggering a transfer under IRC Section 2519 of a surviving spouse's qualified terminal interest property in a marital trust or the formation and funding of an entity tha...
ABLE Accounts and Michigan Special Needs Planning January 18, 2015/Michael In the flurry of new laws passed at the end of 2013, there was a law that provides additional options for individuals with special needs or disabilities. The law is called theABLE Act– the “Achieving a Better Life ...