MARITAL AGREEMENTS

MARITAL AGREEMENTS

Marital Agreements.  April 2017 By Timothy S. Barkley, Sr. “Now last time, we were talking about marital agreements. Even if you hold everything separately, your spouse can have rights to the property when you die, and on a divorce.” Michele and Herb both shook their heads. “No divorces. Been there, done that. We’re committed to working things out.” “Good deal, but especially in this day and age when more marriages end in divorce than...

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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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