Not exact matches
70 %
of young families
do not have a formal will, making their
spouse and children vulnerable should
anything happen to them.
If you
do any
of these things on a daily basis, you better not mention it in front
of our
spouses: sex, home - cooked meals, showering, laundry, cleaning, or really
anything domestic.
The major disadvantage
of having a joint checking account or joint savings account is that your
spouse can
do anything with the joint account — including withdrawing all the funds — even without your knowledge or permission.
Lastly
does it make sense to spend the money in my HSA on
anything eligible because you can never roll it over into a retirement account, its shaky if another person (
spouse) could get reimbursed for eligible medical expenses if you die, and if you lose your receipts you may not be able to spend all
of the HSA money tax free.
A reverse mortgage doesn't
do anything to your home's equity that any other mortgage wouldn't
do; the only difference is that you don't have to repay a reverse mortgage until the death
of the last surviving
spouse, and assuming the amount you owe on the reverse mortgage is less than the property's value, your heirs would inherit the difference.
If you
do have that person that makes a lot less income or no income, make sure you don't miss out on IRA and Roth contributions because that person who doesn't earn
anything can actually qualify for the working
spouse's income and a lot
of people miss that opportunity and go years without contributions that they were eligible for.
Usually you don't learn that until you are in the midst
of a divorce when you are obliged, as part
of that fiduciary obligation, to disclose in writing to your
spouse all your assets, all your debts, all your income and all your expenses, including
anything held in someone else's name.
I call it the Policy
of Joint Agreement: Never
do anything without an en - thusiastic agreement between you and your
spouse.
Dr. Heck sometimes hears from husbands in this situation, who are suddenly willing to read
anything and
do anything and want to be in counseling immediately; however, the wife has lost her motivation due to years
of unresponsiveness from her
spouse.
For example, if you or your
spouse refuses to accept the inevitability
of the divorce and is determined to
do anything and everything to delay the divorce process, this can extend the proceedings well beyond six months.
It is also a great option if your
spouse is legally aided and because
of this protracting your litigation because it
does not cost him or her
anything.