tailieunhanh - Lecture Personal financial planning – Web chapter A: Special circumstances planning

In this chapter, the learning objectives are: Identify many common special planning situations, discuss divorce and remarriage requirements, distinguish between planning for traditional and nontraditional households, present the needs of the affluent, . | Lecture Personal financial planning Web chapter A Special circumstances planning Web Chapter A Special Circumstances Planning 1 Chapter Goals Identify many common special planning situations. Discuss divorce and remarriage requirements. Distinguish between planning for traditional and nontraditional households. Present the needs of the affluent. Describe business owner and corporate manager needs. Isolate the requirements for people with health and aging problems. Determine important disability and dependent care factors. 2 Deal with elder care and terminal illness issues. Divorce Planning Divorce planning The scheduling of matters in connection with the breakup of the household. In many states the presumptive breakup will result in an equal division of marital assets. Marital assets Those that were generated or acquired during marriage. Nonmarital assets Those that were developed prior to marriage or were a result of a gift or bequest during marriage. In general to be considered nonmarital assets must be kept in an individual s name and not commingled. 3 Divorce Planning cont. Other relevant factors in a division of assets include Amount of nonmarital assets When considerable the judge may incorporate them to some degree in any ruling. Needs of the individual parties The capabilities and desires of each party may be included. Historical cost of living While it is often not possible to maintain the accustomed standard of living in certain cases it may be used as a benchmark to start from. Circumstances of Breakup Length of marriage and seemingly clear cut instances of flagrant nonmarital behavior may be reflected in rulings. Human Assets Earning ability age and health. 4 Property Property usually refers to the tangible and financial assets owned by household members. Generally consists of assets developed during the marriage or commingled assets. The exact separation of assets may be determined by negotiation with the 50-50 rule serving as a guideline. Under a .

• Tài chính doanh nghiệp
• Personal financial planning
• Personal financial
• Lecture Personal financial planning
• Financial planning
• Special circumstances planning
• Divorce planning
• Behavioral financial planning
• Behavioral life cycle theory
• Characteristics of finance
• Finance tools
• Cash flow planning
• Flow planning
• Planning process
• Behavioral finance
• Retirement planning
• Retirement assets
• Educational planning
• Establish educational goal
• Tax planning
• Income taxation
• Estate planning
• Identify assets
• Financial statements analysis
• Financial statements
• Financial investments
• Expected rate of return
• Financial leverage
• Interest rates
• Time value of money
• Present value