(As explained below, if a participating spouse
is not actually paid, the spouses
risk equal reallocation of the net self-employment income.
"People want to be in a strong relationship with a trusted party," says Makin, "and to demonstrate this trust they share all of their assets with the new spouse
. But that's not fair to the children of the first marriage, especially if there eventually are children from the remarriage."
* The reduced monthly retirement benefit to which the deceased spouse
would have been entitled if they had lived, or
If a surviving spouse
is between ages 50 and 59A1/2 and is disabled, he or she is entitled to receive a reduced benefit (71.5 percent of the deceased spouse
Karen Breazeale is the key spouse
mentor for the 301st Fighter Wing at Naval Air Station Fort Worth Joint Reserve Base, Texas, and she is working hard to promote the program there.
No fraudulent scheme: The requesting spouse
and the nonrequesting spouse
(5) must not have transferred any assets to the other as part of a fraudulent scheme.
During the period of temporary possession, the estate of the deceased spouse
or adult interdependent partner must pay a number of expenses associated with the family home and household goods.
3) a spouse
's personal effects (footwear, clothing, instruments required for the spouse
must meet all of the following conditions to qualify for innocent spouse
When the Petition is drafted, it should be sent by registered mail delivery to the Respondent spouse
. If it is withheld from the Respondent, Canon 1502 requires a procedure "to specify the reason ...
* Trusts: Protect against the trophy spouse
. In addition to protecting assets, personal trusts can deal effectively with the situation of children from different marriages.
Baranowicz argued that under the act a nonrequesting spouse
could participate in the initial litigation and, therefore, would be entitled to appeal the decision.
Also income from a community-property asset is reported fifty-fifty until the asset is awarded to one spouse
Among elderly people, a spouse
's hospitalization for certain ailments substantially raises his or her partner's likelihood of dying, according to the largest study ever to quantify such effects.
Basically, the tax basis irrevocable trust is a living trust that is structured to achieve a step up in the income tax basis of property owned by either spouse
on the death of either spouse