Divorce is more common now than it was in the past, as is remarriage. Depending on how long a prior marriage lasted, the former couple may have engaged in certain levels of estate planning together. When that is the case, it is important to understand how a subsequent marriage (or even a remarriage between spouses) […]
Studies estimate that 70 percent of family wealth is lost by the end of the second generation and 90 percent by the end of the third generation.[1] To help your loved ones avoid becoming part of this multigenerational wealth transfer statistic, you need to educate and update your family about your wealth transfer goals and the […]
Despite what some believe, children born to unmarried parents are commonplace. Historically, children in this category have been treated poorly by both society and the law. In many cases, they had no right to inherit from either parent. This legal scheme eventually changed and provided means for these children to inherit from their mothers, but […]
According to a 2019 survey conducted by the Pew Research Center, 7 percent of surveyed adults were living with an unmarried partner. This number is up from 3 percent in 1995.[1] More people, such as yourself, are entering long-term committed relationships without getting married. Unfortunately for unmarried partners, married couples tend to enjoy greater protection […]
