The effects of divorce upon the right to life insurance are often greatly misunderstood, and many individuals don’t realize the impact that divorce has upon this asset. As such, upon death, many policies are paid in a manner which is unintended. Divorce Supersedes Beneficiary Designations When individuals obtain life insurance, the insurer requires that they […]
Millions of Reasons to Say “I Do” Lillian Garis Booth and Michael Dabich, residents of Bergen County, were companions for 51 years. They met in New York when Booth was 42 and Dabich was 27. According to Dabich, they held themselves out as husband and wife before his family and society in general in his […]
Over the past ten years, many individuals have looked for alternative means by which to plan their estate. Allegedly seeking to forego the expense of an attorney, many people try to use “fill in the blank” documents from stationary stores and will kits. As the usage of computers, and the internet in particular, has increased, […]
Mike and Carol are a couple who both have children from a prior marriage. Mike has three sons – Greg, Peter and Bobby. Carol has three daughters – Marcia, Jan and Cindy. After several years of marriage, they decide to execute Wills. Wanting to keep it “simple,” Mike leaves everything to Carol, with the understanding […]
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