When you have children, you’ll go to the ends of the earth to protect them and make sure they are safe and happy. It’s a major reason why parents buy life insurance — or the main one at least. Having life insurance means that if something happened to you, your children would be OK financially.
B…
In the event of a divorce, it is important to remember about changing the beneficiaries nominated on any life insurance policies and pensions (both employer and personal). Failing to do so could mean that, in the event of death, your assets would not be distributed in accordance with your wishes….
Equality is a noble concept and one that many people turn to when deciding how to divide up their estate. There are many circumstances in which equal distribution of assets among beneficiaries is the right choice, but there are some cases where identical inheritances do not make the most sense. I…
For most families, a home is among their most valuable assets, both financially and emotionally. It is important to be thoughtful about how you are going to leave a home and to whom. If there are issues between siblings, tax considerations, or other family needs to consider, the parent should make an informed decision about what to do with the house and ensure that their estate plan reflects these wishes. It is particularly important to come up with a specific plan for your home.
If you’re going through a divorce in Washington State, there are five important estate planning questions you should consider. They are:
What happens if I die during my divorce?
What happens if I become incapacitated during my divorce?
How can I protect myself during divorce?
How can I protect my children during divorce?
How can I make sure my share of community property goes to the people I want it to go to rather than my future ex-spouse if I become incapacitated or die during my divorce?
Washington State is one of the nine community property states in the country. This means that, as a general rule, spouses will own an equal interest in any property acquired during the marriage, even where only one spouse’s name is on the bank account, paycheck, or title. This distinction has a …
A lack of money is commonly one of the biggest stressors that a married couple has to deal with. This doesn’t become any less of an issue when it comes to a divorce. If you are struggling to stay afloat in your current arrangement, the thought of paying for a divorce can be a daunting one; two ho…
Guidelines for Protecting Your Small Business During a Divorce
Short Guide/List of Tips for Selling House During Divorce
Once the divorce process is over, you and your ex will have a plan on how to handle each and every aspect of your divorce agreement. In the meantime, what are you supposed to do about things such as the kids’ residential schedule, paying the family bills and child support? “Winging it” is almost…