When it comes to divorce, understanding the nature of pension rights is essential. In many jurisdictions, pensions are considered marital assets and are subject to division during divorce proceedings. The allocation of pension rights may vary depending on the jurisdiction and the specific circumstances ...
When you leave a job, there are numerous considerations you need to address, one of which is what happens to your employer-sponsored life insurance. Life insurance is an essential financial tool that provides financial protection for your loved ones in the event of your untimely demise. Employer...
Employees must notify the group health plan in the event of: Divorce or legal separation A child’s loss of dependent status After your group health plan receives notice, the plan gives the qualified individual more information about their rights to elect COBRA continuation coverage. State laws ...
Life insurance is a contract between an insurance company and a policy owner in which the insurer guarantees to pay a sum of money to one or more named beneficiaries when the insured person dies. In exchange, the policyholder pays premiums to the insurer during their lifetime. Thebest life ...
What happens to the premium (i.e., the amount you paid for your annuity) depends completely on the type of annuity you purchase. There are annuities that return the full principal plus earnings. These are known as fixed interest, multiyear, or index annuities. Keep in mind, if your goal...
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legal separation. To constitute a legal separation, a court's separation order must be in place. This means that a judge issued an order dividing up the couple's property, debts and kids, just like in a divorce.Usually term life insurance is among the assets addressed in the separation ...
Understand if you qualify to DIY your divorce, or seek mediation for a low-conflict resolution. House or the proceeds of a sale What happens when you divorce and you own a home together? Who has to leave the house in a divorce and who gets to stay? Who is entitled to the house in ...
What Happens If You Don't Have a Will? If you dieintestate(without a will), the state will distribute your assets according to its laws, usually splitting the estate between your spouse and children. Such a scenario sometimes results in the sale of the family home or other assets, which ...