As you help your clients create their next chapter, it’s important to understand the ramifications of their financial and estate documents.
Clearing up misconceptions and understanding just a few of the rules for underwriting home loans may help in drafting an agreement and planning more realistically for housing the future divorcee.
By Leslie A. Shaner: What happens when clients fail to change their beneficiary designations after divorce: an analysis of state and federal law.
Because of the high percentage of divorces, people seeking to protect their assets in the event of divorce have several options that include, but are not limited to, a pre-nuptial, post-nuptial agreement and/or a Trust.
Lawyers and other observers agree that the coming years will see a dramatic increase in the number and complexity of trust and estate disputes. There are several reasons.
Although the majority of estate plans created by practitioners will contemplate marriage between the settlor and a person of the opposite sex, life and the practice of law in the 21st century dictate that not all of those who seek the services of estate planning specialists and other estate and probate professionals will fit that mold.
Estate Planning for couples who have neither married nor registered as Domestic Partners.
Estate Planning for couples who have registered as Domestic Partners.
In most marriages, one spouse takes the primary role in handling family finances. During a divorce, the spouse that did not actively participate in this role — the Dependent Spouse — has a lot to learn in a short amount of time.
Even with the “bubble talk” that pervades our current real estate market, in most cases the marital residence has been and will continue to be the largest family asset. When determining equitable distribution of assets, the home plays a very unique role for three distinct reasons.