For Richer or Poorer: Financial and Legal Considerations in Marriage

Last year, the average U.S. wedding cost $32,641 — including engagement rings but excluding honeymoons — according to the 2015 Real Weddings Study published by The Knot, a wedding marketplace and concierge service. That staggering amount represents an increase of more than $5,500 over the past five years. On average, the couple foots 43% of the wedding bill themselves these days, and their Continue Reading

Inherited IRAs Bring Special Tax Issues for Surviving Spouses

When inheriting an IRA, a surviving spouse has several options. He or she can remain the beneficiary of the account. As an alternative, if the spouse is the sole beneficiary, he or she can instead treat the inherited IRA as his or her own. If there are multiple beneficiaries, the account can be divided up so the spouse's share is in its own account. When a spouse makes this decision, the IRA is Continue Reading