With some divorces the couple is splitting up debt, with others there could be a sizable chunk of assets to divide.
Yesterday was all about getting healthy, today let’s talk about the wealthy part.
When we talk gifting, a birthday or Christmas usually comes to mind. Today we’re talking about gifting assets to another generation.
A net worth is a snap shot of where you are financially at a given moment in time. It is a list of your assets and your liabilities.
According to the Forest Institute of Professional Psychology, 67% of second marriages and 74% of third marriages end up in a courtroom.
If there is money involved, people behave poorly! I have never met a non-warring couple when it comes to a divorce.
Nobody wants to talk about the inevitable, but no one gets out of here alive.
Couples are marrying later in life, which means the merging two households.
Gifting can be an estate planning tool so you can save on future estate taxes and have the pleasure of watching those dollars work for your children or grandchildren while you are still alive.
You’ve worked very hard to achieve your goals and accumulate assets, now you need to protect them.