Regardless of age, a prenuptial agreement can protect your interests before marriage. Getting a prenup has nothing to do with your outlook on marriage or how committed you are to your spouse. On the contrary, getting a prenup speaks to how much you value a marriage where both partners feel comfortable knowing they're protected — in love and under the law.
Far too many families end up fighting, or at least experiencing tension, over a family inheritance, but it does not have to be that way. Having counseled families for years, we offer the following advice to help your family avoid fighting over your property — while you are here and after you die.
You're at lunch with your friends. Or on the phone with your mother. You get to talking about what a jerk your spouse is and how you wish you weren't with them anymore. You rattle off a laundry list of reasons why you can't stand them. In isolation, none of the reasons seem too bad. Taken together, the thought of this person walking through the door at night sickens you to the point of contempt. And you haven't even gotten to the quality of your sex life — or lack of it.
With the new year comes resolutions, specific intentions to change our lives for the better. For some, that includes getting a divorce. In the U.S., divorce filings typically increase between 25 percent to 30 percent in January. It makes the concept of "Divorce Month" a recorded phenomenon and not just another theme to describe January on social media. But why the sudden rise in divorces?
Many of us love to make New Year's resolutions. So, if estate planning is on your resolution list, here are some suggestions for getting started, no matter what you do or don't have in place now.
I'm thankful that my kids got most of what they wanted for Christmas from my ex and me growing up. The same went for my second husband's kids. And it wasn't because we went on a shopping spree to fill their wishlist to Santa. What we gave them didn't cost a dime. And that was the gift of choice.
As an elder law attorney, I frequently advise adult children who suddenly realize that they must step in to help their aging parents. Perhaps mom is not making sound decisions regarding her medical care, or Dad is showing signs of early dementia. Unfortunately, many seniors are reluctant to plan for this possibility or even discuss it with their close family members. When families delay talking about these matters, the results can be stressful and costly. Failing to preplan can have serious consequences both while an elder is still alive and after they have died. Unfortunately, once a family realizes they urgently need legal documents to help an aging loved one, it's often too late.
There is one guarantee in life that none of us can escape: We will all die someday. If we're lucky enough, we'll do this when we're old, slipping peacefully away in our sleep, but inevitably, it will happen to each of us. Unfortunately, too many of us pass away without leaving a will or other instructions to our loved ones to speak for us when we no longer can, and this can cause hardship and stress for friends and family at an already difficult time.
It's the question Phil Collins posed in court last month after his ex-wife, Orianne Cevey, and her new husband, Thomas Bates, refused to vacate the singer's Miami Beach Mansion, estimated at 40 million dollars. Vanity Fair reported that although Collins holds the property in a company owned by him, Cevey claims she has an ownership interest. Taking legal matters into her hands, Cevey and her new hubby have denied her ex-husband access by changing the locks and alarm codes and otherwise blocking Collins and his representatives from entering.
COVID-19 infections are surging here in Washington and across the U.S. Experts predict infections will continue to rise, and many more people will become ill and require hospitalization in the coming months. CNN states more than 60,000 American's will die from COVID-19 over the next few weeks. Therefore, it is crucial to protect yourself and prepare in advance if you become ill and unable to care for yourself. And the best way to do that is to put together a COVID-19 emergency packet as part of your estate plan.
When preparing for marriage, it's easy to get caught up in planning the wedding. Picking the venue, the flowers, the band, and whether your guests will choose the steak or chicken for dinner. You may have even begun to look for a home together, one with a fenced-in yard where your future children can play. Who wouldn't like this picture; it's all so… perfect. It's why the last thing you might be thinking about is a prenuptial agreement and planning for divorce.
A cremation authorization form is one of the most important documents you will need to complete if you prefer to have your remains cremated once you pass away. The authorization form is a legal document that the person desirous of cremation must sign before death or direct their next of kin to sign after death.
When you're married, orchestrating and celebrating a major holiday like Thanksgiving can be challenging, and when you're first divorced, even more so. However, there's no reason why Thanksgiving needs to be sad following a divorce — for you or those around you. If you're up for it, you can take steps to make the experience more comfortable, perhaps even better than it was before. I know because I, too, was divorced and once in your shoes. Here are a few ideas.
With a rise in "gray divorces," it's only natural that remarriage has become more prevalent among seniors. However, they also tend to be lax about updating their estate planning. Here are some common pitfalls and how to avoid them.
When it comes to the family home, you have numerous choices to weigh before deciding, each of which could affect you and your family for years to come. It will behoove you to remember the difference between a house and a home during this emotional transition. Your house is a place where you live. A home is any place with you living in it.
If you don't have a full estate plan in place, including a healthcare power of attorney (POA), now is the time to get one squared away. The coronavirus pandemic is changing priorities for many people, and estate planning should be at the top of the list. Too many people don't realize how an estate plan's key elements can help if you become sick or die from the virus.
November Is Alzheimer's Awareness Month: Have You Completed Your Estate Planning Should You Become Mentally Incapacitated?
Every 70 seconds, another American family is affected by Alzheimer's. Too often, I witness Alzheimer's and dementia care and estate squabbles that tear families apart. When there has not been the foresight and cooperative transparency regarding how the family wants the patient's estate plan executed, chaos and legal entanglements can ensue, irreparably damaging family bonds.
This year, shopping for the holidays will be very different than ever before. Make a difference this year and think outside the box and give the gift that too few people give—estate planning. This year, we're offering a 15% discount on all estate planning services if you purchase before December 18.
What do Picasso, Jimi Hendrix, Michael Jackson, Abraham Lincoln, and "Sonny" Bono all have in common? You're probably thinking, not much. But they do, in fact, have one big thing in common. They all died intestate—which means they died without having a will.
Estate planning — it is an incredibly important tool, not just for the uber-wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor childr...
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...
Have you been wondering... What is the difference between a living will and a health care directive? Let us explain! An advance directive is a set of instructions someone prepares in advance of ill health that determines his healthcare wishes. A living will is one type of advance directive that becomes effective when a person is terminally ill and incapacitated.