This arrangement is most common for couples who own the title to property. When one spouse dies, the surviving spouse will receive the entire asset. How Does an Individual Brokerage Account Differ From a Joint Account? The main difference between an individual and a joint brokerage account...
The very day that I started writing this column there was yet another announcement of a jeweler closing his doors (two doors to be exact) for good. When I arrived in this country in 1983, there were about 40,000 points of sale for retail jewelry. Today, depending on exactly what you...
When it comes to peridot rough from Arizona, supply always has been an issue, according to Rich Barker of Barker & Co. “The inability to get blasting and the spotty availability of heavy equipment slow down production,” he told National Jeweler.“Additionally, the extreme summer heat and th...
Any increase in the value of that cabin would be considered community property during divorce. Modifying deeds: Any situation where you would add your spouse to the deed of a separate property, such as to increase the strength of your application when applying for a new loan or refinancing, ...
If a spouse has children from a previous marriage they wish to provide for in the future. “I firmly believe that proper prenuptial agreements are beneficial to the couple rather than detrimental to one of the partners,” Haranzo says. “One of the primary requirements of a prenuptial agreemen...
When you alert creditors to the death, you can avoid dealing with debt collectors in the future. Here are some common terms that may help you understand what happens to credit card debt when someone dies. Probate: Probate is the common legal term for the handling of a decedent’s affairs....
Or, the spouse may still have a claim to the death benefit if the insured dies while they’re married and there is another named beneficiary. Do community property laws apply to riders? Yes, community property laws also apply to riders, depending on what it is. For example, an accelerated...
In June 2020, Tennessee passed a lawlifting restrictions on family members who want to hunt or fish on family property. Under the new law, family members will not need a hunting or fishing license when participating on farmlands owned by a spouse, parent, or grandparent. Adrian Mojica write...
This can include insurance for your spouse, child or accidental death coverage. Joint: This typically expensive option covers two or more people with the payout coming when the first person dies. Insurers view joint policies as riskier because a larger benefit payout is likely sooner and ...
It may be difficult to approach the subject of what happens if you or your spouse dies, but it should be part of your money talk. Life insurance takes financial care of your spouse if you pass away, and you should choose a policy based on how you want them to be provided for. You ...