THEIRS

THEIRS

Theirs.  March 2017 By Timothy S. Barkley, Sr. Pleasantries over, they addressed the issues at hand. “We’ve decided” she said, “half to his kids and half to mine. So, because he has 2 kids and I have 3, but one is both of ours, it should be 5/12 to Gavin, 25% to his son, and 1/6 to each of my two from my first marriage.” “That’s right,” he affirmed. “But my son is getting my 401(k), so that’s his 25%.” “Whoa!” interrupted the lawyer. “I’m just...

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US’NS

US’NS

Us’ns.  February 2017 By Timothy S. Barkley, Sr. “Let’s start with your retirements,” the attorney continued from last week’s article (available online at http://barkleylaw.com/his-hers-and-ours-0117) … “Do you have a prenup?” The clients shook their heads. “I’m not a fan of building escape hatches into marriages,” the attorney confided, “but if you’ve agreed about things like 401(k)s and IRAs, it’s good to put those agreements in writing. That...

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HIS, HERS AND OURS

HIS, HERS AND OURS

His, Hers and Ours. January 2017 “So,” the attorney queried, “are all the kids the children of both of you? Are there any children of either of you that aren’t the children of both of you?” The husband replied, “I have one from my first marriage, and she” gesturing toward his wife “has two from hers.” She nodded, and interjected, “and we have one together.” “His, hers and ours,” the attorney observed. “That makes this ‘interesting.’ “Tell me...

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WHAT DO I NEED TO DO?

WHAT DO I NEED TO DO?

By Tim Barkley. January 2016. The voice on the lawyer’s phone was generally steady, but shook now and then. “This is Mrs. Jones. My husband just died last week. What do I need to do?” The lawyer offered condolences – even though he had not known the Joneses, he sympathized with a grieving spouse. Mrs. Jones agreed to meet the lawyer in his office the following day. “What do I do now?” she asked. “He didn’t have a will. I’ve heard that the State...

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NOW WHAT?

NOW WHAT?

By Tim Barkley. December 2013. The phone rang. The voice on the other end was subdued, but firm. “This is Ricky. You met with Susan and me about our mother. My wife just passed away. She had a heart attack and died at work yesterday. I need to know what to do – she didn’t have a will. Is the State going to take everything?” “I’m so sorry,” the lawyer empathized. “There’s nothing you really need to...

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