If you died today, would
your spouse have enough money to live on?
Would
your spouse have enough money to cover funeral costs and debts?
Would
your spouse have enough money to cover funeral costs and debts?
Not exact matches
At times your bank account
has enough money in it to buy a house outright, but your
spouse is still driving what I call his, «clunker» of a car.
«They are either worried about depleting their assets for their
spouse, or they want to make sure they
have enough money to pass to their children.»
In our 2011 BCCWF study of working fathers, 53 % of fathers «agreed» or «strongly agreed» when asked «If your
spouse earned
enough money to support your family's needs,
would you consider being a stay - at - home dad?»
For example, if your son and his
spouse file a joint return because one or both of them
had money withheld from their paychecks, but did not make
enough to be required to file a return or owe any income taxes, you could still claim your son — and even his wife — if they meet all the other tests.
Unless the
spouse buying the house
has enough money to pay cash, he or she will need to refinance the home.
Respondents were asked, «Overall, how confident are you that you (and your
spouse) will
have enough money to live comfortably throughout your retirement years?»
Plus, three key regulatory changes
have made these loans safer than ever by eliminating lump - sum withdrawals, covering non-borrowing
spouses and requiring a financial assessment that ensures the borrower
has enough money to pay taxes and insurance.
Where simply
having the other
spouse pay
money is not
enough, then the doctrine of CONSTRUCTIVE TRUST comes into play.
So if an employee's
spouse suddenly passes away, they may not
have enough money to cover all the costs from medical bills, and funeral expenses.
Even if you
have money saved, make sure to take the time to calculate if it's
enough for your
spouse to maintain the same standard of living after you're gone.
The surviving
spouse or partner may
have a small life insurance payout from the deceased family member's employment, but it is rarely
enough money to replace lost income, and pay off your home mortgage.
By
having that much insurance, your family could take that
money, pay off any debt and live off the rest until the kids are grown or old
enough that your
spouse could work while they are in school.
If you
had the proper term life insurance policy, your
spouse would receive
enough money from the policy's death benefit to pay off — or at least keep up with — the mortgage.
This can make term life a viable alternative for those who are wanting to ensure that their survivor (s) will be able to pay off a mortgage balance, ensure that a child or grandchild
has enough money for their future college education expenses, or even to cover everyday bills for a
spouse or partner.
The most important reason to buy life insurance is to
have enough money to provide for dependents such as young children, non-working
spouses or elderly parents, should you die and be no longer able to provide for them.
If you don't
have enough money saved,
would your
spouse or loved one struggle to pay for your final expenses without your income?
Do your surviving loved ones (
spouse, parents, siblings)
have enough money to be able to take care of a funeral and burial without it hurting them financially?
Even if Jim passes away tomorrow, his
spouse will
have more than
enough money to last her the rest of her life.
If planned properly, by the time your term policy expires, you'll be financially independent and you'll
have saved
enough money so that you and your
spouse can live on your retirement assets alone.
Even if you
have enough money in savings or your
spouse makes
enough money on his or her own to cover your mortgage payments, life insurance is still a good idea if you
have financial dependents or own a business.
This coverage amount
would provide
enough money for his
spouse to survive for at least 10 years.
If you die, your
spouse will
have enough to worry about without being financially strapped because you were the main
money earner.
Because baby boomers
have accumulated significant assets, it's easier for them to divorce — there is
enough money for both
spouses to manage comfortably afterward.
If you care at all about
having enough money to retire someday, you need to consult with a divorce lawyer (and maybe a divorce financial planner) about what will happen to your retirement, and your
spouse's retirement, when you divorce.
Without lawyers, judges, or formal courtroom rules to get in the way, the mediator first got Vivian and Bill to agree on a general plan whereby one
spouse would keep the business, buy out the other, and lend him or her
enough money to start a new venture.
The unemployment numbers in Metro Atlanta are bleak, but, you presume that these are all homeowners which most certainly is not the case and even if it was, many will get new jobs,
have spouses with jobs or
have enough money to keep from being foreclosed on.
Saving
enough money ahead of time or
having another source of income (like a
spouse's salary) is the only way to actually make it through those lean times.