Sentences with phrase «burden on each spouse»

In other words, this is not the financial tool to safeguard your income for your spouse, and it could actually be a substantial burden on your spouse if the surviving spouse has an impaired ability to pay the premiums.

You have an outstanding loan and you don't want to leave the burden on your spouse, or your business partners, in the event of your death.

Spousal support, called maintenance in Colorado, helps ease the financial burden on a spouse when divorce means a...

Not exact matches

Also, check in with your partner or spouse, because it puts a burden on everyone when you start a business.

However, Jesus has not placed on spouses a burden impossible to bear, or too heavy — heavier than the Law of Moses.108 By coming to restore the original order of creation disturbed by sin, he himself gives the strength and grace to live marriage in the new dimension of the Reign of God.

Recent conversations about mental health in the university — depression, loneliness, suicide — have largely flailed to consider in any holistic way the distance imposed on families within such systems, as life - partners live apart for months and often years at a time, with one spouse shouldering the burden of childcare alone while the other manages the psychological pain of loneliness and distance from the children and partner.

STRESS MESS Scientists are figuring out how chronic stress — from recurring pain, unemployment, poverty, caring for a sick spouse and other sources — puts a burden on the body.

Consider the possibility of keeping the loan burden on one person - Ideally, if both spouses are working, one person should be servicing all the other debt while the other is kept free to take on the home loan.

This can create a large burden on the couple because payments still must be made on time, which can be difficult for a spouse because it can force them to take other actions to make money that would not be necessary with federal loans and forbearance.

If one spouse doesn't work, the newly married spouse's tax burden will go down, since married taxpayers filing jointly pay lower taxes on combined income than single people with the same taxable income.

Some may select a death benefit that matches the mortgage on the home, so the spouse does not have the burden of monthly mortgage payments.

A prenup that sets out what will happen in a divorce can ensure that the wealthier spouse does not take on an unfair financial burden in the event of a divorce, and that the less wealthy spouse is fairly taken care of.

In marriages lasting longer than ten years, the duration of the spousal support is not set, rather the burden is on the paying spouse to prove spousal support is not necessary at some time in the future.

In Scotland, we would attempt to provide for a spouse (usually the wife) who requires additional support, perhaps due to taking on the burden of childcare, via sections 9 (1)(b) and (c).

Alimony, which is also called «spousal support» in New Mexico, may be awarded in a divorce case, but the burden is on the spouse seeking support to show why alimony is needed.

Often spouses did not even consider their pre-marital or inherited property to be marital but failed to preserve a sufficient paper trail to establish its non-marital nature — and the burden is on the party seeking to establish property owned as of the date of filing isn't marital.

«Some of these factors are pretty predictable — such as the financial obligations brought on by dependents and mortgages — but your unexpected death could prove to be a huge financial burden for your spouse, reducing your Social Security benefits and possibly pension benefits and bringing about unplanned medical and funeral expenses,» he says.

The amount of the death benefit on the unemployed spouse is still unlikely to be as much as the one on the working spouse, but it should still be substantial enough to prevent financial burden.

The consequences of taking on higher debt become ever more dire when one spouse passes away, leaving a higher debt burden for the surviving spouse.

Life insurance makes it possible for a surviving spouse and children to be able to go on alone without a financial burden being added to the loss.

Surviving spouses who would have to take on the financial burden of paying mortgages, car or school loans and other costs may be included as beneficiaries.

To continue with the policy, the other spouse will have to take on the burden of paying for the other spouse as well.

Basically, last survivor life insurance is used by spouses for estate planning purposes and is a way to help ease the financial burden of estate taxes placed on your heirs.

Life insurance is often purchased by high - net - worth families to essentially protect their estates and minimize the debt burden for heirs, either through an individual policy, or through lower cost «second to die» coverage (meaning heirs receive the death benefit after both spouses on a policy die).

This law helped surviving spouses avoid potentially depleting their finances to pay sometimes significant taxes, but unintentionally put the burden on any remaining heirs.

If a spouse seeks to set aside a settlement agreement on the grounds of undue influence, then she has the burden of showing improper influence.

This obligation doesn't go away simply because they may divorce, even if one spouse agrees to take on the financial burden alone.

The burden of proof is invariably on you to establish that visitation is likely to harm your child, so you'll need testimony and documentation of incidents that threatened your child's welfare and well - being while she was in your spouse's care.

An experienced divorce lawyer can advise you as you negotiate a settlement with your spouse or can negotiate the issues with your spouse's attorney and help to lessen some of the burden on you.

However, the burden of proving there was no intent to share the inheritance is on the spouse who received it.

When a person goes to court to get more access or decrease the other spouse's access, there is a burden on that person to support their claims with evidence,» she explains.

Working things out peacefully through Family Mediation is a way to help eliminate the burden of a drawn out divorce and still keep on good terms with your spouse.