#153: Estate Planning -- Marital Assets

Today, Josh and Amelie continue the series on Estate Planning! This week, they discuss marital assets (and debts). Takeaways: Estate planning can also plan for the death of a marriage. Ultimately, it comes down to “is this something that both parties have a right to/will split?” or “is this something that only one party has a right to?” Some states' policies follow the English tradition (“common law states”); others follow the Spanish tradition (Arizona, CA, Idaho, Louisiana–kind of, Nevada, New Mexico, Texas, Washington, Wyoming) (“community property states”). It can be very easy to comingle assets which can affect estate planning. Depositing an inheritance into a joint account is comingling. Pensions get much more complex–different pension plans will have different rules. Pre-nups are extra important in the case of blended families. Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey: Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity  Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series  Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch   Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow