Page 13 - 8 June 2012
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RISKMANAGEMENT
Be sure, be sure, be sure, to rename benefi- ciariesonallretirementplans,lifeinsurance policies, annuities and other assets. The stories are endless of divorcing couples who neglect toremovetheex-spousefromalifeinsurance policy before dying and unfortunately the current spouse/family watch as the ex-spouse enthusiastically spends the insurance proceeds.
Sometimes the non-working spouse will be left without health insurance. COBRA insurance is an option but is more expensive than a group health plan especially if the employer is paying some of or the entire premium. Consider this extra expense in proposing a settlement option.
Before hiring an attorney or even going through the on-line divorce process, consider the following:
are you willing to assign to your spouse?
How does keeping it affect your financial
situation long term?
support yourself or should alimony be
considered?
debt on whatever assets you keep?
your proposed property settlement?
assets, including family business, real estate,
horses, and antiques?
-
tody, visitation and child support?
Discuss these issues with your attorney and
CDFA. Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.
DISCLAIMER: The above information and contentaregeneralinnatureforinformational purposes only and do not constitute financialadviceorinvestmentrecom- mendations. Speedhorse Magazine makes
no endorsements and bears no liability foryouruseoftheinformationprovided in this column. Always consult a suitably qualified financial professional and/or taxprofessionalonanyspecificproblem, issue or investment opportunity.
Race To Whip Cancer
June 30, 2012 Ruidoso Downs, New Mexico
Save the Date, Wear Your Pink, and Spend the Day With Us!
Race Sponsors and Donations Needed. Please email Jamie Zamora at getracy prodigy.net for additional information! Proceeds to go to the local champter of Altrusa.
SPEEDHORSE, June 8, 2012 11
FINANCIAL FORUM
