What if she claims the joint assets as part of the marital estate during the divorce?
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Long-term care insurance can also help by taking some of the caretaking burden off their back, and in some states it can protect your joint assets from having to be spent down in order to qualify for Medicaid.
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Jointly owned assets generally pass on to the joint owner without going through probate, but for assets without a joint owner or designated beneficiary, you may have to change the way the assets are held in order to avoid probate.
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Previously, Nordegren held several joint real-estate assets with Woods, including a few properties on Jupiter Island, two homes in Windermere, FL, and a beach-front condo in North Palm Beach.
It is notable, too, that Yevgeny Shvidler, head of Sibneft, one of Mr Berezovsky's supposed assets, has signed the joint letter of protest.
But a lawsuit filed in 2004 by a federal bankruptcy trustee in Alabama alleges that the joint venture kept no accounting records, had few assets, held no board meetings and routinely diverted sales to Terry and Cintas.
In June, Rio rejected an offer by Chinalco, a state-controlled aluminium company, to raise its stake in the mining company to 18%, preferring a joint venture with BHP Billiton encompassing the iron ore assets of both comanies in Australia.
This involves looking at all of the contracts related to joint operating agreements, areas of mutual interest, preferential rights to purchase assets, cash calls, tax partnerships, gas balancing agreements, and more.
The company embarked on a plan to shed assets, sell non-core pieces of the business and take in joint-venture partners.
Liveris has been carving out assets in Dow's lower-margin commodities business and placing them into joint ventures with partners in emerging markets like the Middle East, China, Russia and Brazil.
"Ignoring past performance is inconsistent with generally accepted investment practices and having the department opine on how plan assets should be invested would be a radical departure and a mistake, " joint comments filed Tuesday by the lead industry groups, the American Benefits Council, the American Council of Life Insurers and the Investment Company Institute, assert.
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