Warning: If you are eligible for any employer-subsidized health plan, including your spouse's, you aren't supposed to claim this deduction, even if you aren't on your spouse's plan.
When the second spouse dies, what's left in the trust goes to the kids free of estate taxes, bypassing the second spouse's estate.
The report also may include previous addresses, employers, phone or driver's license numbers and your spouse's name, if applicable.
The alimony from your ex, your kids' college financial aid or the survivor's annuity you receive from your late spouse's job might evaporate.
Here's another tax reason not to work with your spouse: When divorcing couples have worked together in a business, it is not uncommon for one spouse to use the other spouse's alleged tax fraud to leverage a better divorce settlement.
The 2002 death of her German-born husband, Prince Claus, took a toll on her, and it was apparent how deep her reliance on the quiet man had been: she was filmed leaning heavily, almost hanging, on Prince Friso's arm as they entered the church for her spouse's funeral.
Talk about an author's good timing: The detective's initial task is to deal with the ex-spouse's sexual harassment suit.
Its campaign, which met strong resistance, finally succeeded in 2011 when the country's parliament voted to make property grabbing an offense and protect the spouse's and children's share in the deceased's assets.
Meanwhile, Ms. Macklowe's husband, Billy, had already wrapped a purple glow bracelet advertising his spouse's company on his wrist.
When he or she died, the trust's assets would go to the Willigs' three kids, bypassing the second spouse's estate.
With a Clayton Q-Tip, those assets that are picked to fund the first spouse's estate exemption are put into a bypass trust, which can give the surviving spouse more control over the assets than if they were left in the Q-Tip.
Do you analyze your 401(k) and your spouse's as a unit in optimizing investment allocations?
Some people even get stuck in bad marriages because they need their spouse's health insurance.
On a joint tax return, each spouse's capital losses must be tracked separately for purposes of this rule.
Each spouse's age, benefit amounts and health outlook play a big role in how and when to claim.
People eligible for Medicare or a spouse's insurance can't get the subsidy, nor can workers who have left voluntarily.
In some states the deceased spouse's parents, siblings, nieces or nephews and even more distant relatives receive a cut.
But having no trust at all might waste the first spouse's state exemption.
And about 90% of Wal-Mart workers are covered by a health plan, either through the company or a spouse's plan.
Generally, spousal benefits are up to 50% of the other spouse's monthly benefit at full retirement age (some age restrictions apply).
The court will also consider your spouse's access to family trust funds and gifts when performing the calculus of property distribution.
They include divorced people or widows, or widowers who may be able to claim a pension on their ex or late spouse's contributions.
Both of us have made substantial pension contributions over many years which for a heterosexual couple would help pay for a surviving spouse's pension.
If a spouse signs up for a credit card, are you at all responsible for that spouse's debt even though you didn't sign for the card?
The trust can pay income--and if needed, principal--to your spouse, but when he or she dies, the principal goes estate-tax-free to your kids, bypassing your spouse's estate.
When both spouses are alive, the lower earner can opt to collect a monthly benefit check that is equal to 50% of his or her spouse's benefit.
One reason is that married couples get a special deal: When one dies, the survivor can take the dead spouse's benefits (if they're higher) and drop his or her own.
The new law, applying to purchases made after Nov. 6, also says a person may not take a credit if the home is purchased from a spouse or the spouse's lineal relatives.
Some of those who don't take the benefit today may take it next year, while others may opt to go on a spouse's plan or get coverage through the individual insurance markets, says the 64-year-old.
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