Insurance
With a divorce many things change

The number of divorces continues to decline, as a recent statistic shows. However, anyone affected by a separation or divorce has a lot to consider. It is not only the possessions that need to be divided up, but also the insurance cover that needs to be adapted to the changed situation.

Last year there were the fewest divorces compared to the previous 25 years. Who is affected by a divorce or separation, however, must usually regulate many things. In addition to the division of the household and the clarification of any necessary maintenance and custody issues, the insurance coverage must also be adjusted accordingly, for example, as gaps in coverage can arise as a result of a separation.

Laywer

Two years ago, the US government separated hundreds of immigrant children from their mothers and fathers. Many of the parents were deported – no trace of them to this day.

The wall to mexico and 545 missing parents

Loans

Vacation homes, especially on the North Sea or Baltic Sea coast, are currently in high demand among investors. And this must be taken literally, because prices have risen significantly in recent years due to high demand. Financing a vacation home is a topic in itself, because not all banks play along with it.

Financing rented vacation home

The acquisition and financing of vacation apartments or vacation homes is not rocket science, but there are a few peculiarities that should be considered in the process.

Insurance

Building a modern barrier-free house, buying a new car or using the free time to travel to special places – everyone has individual ideas, dreams and wishes for their time after their working life. In order to fulfill them, however, the necessary financial means must be available. In any case, very few people want to have to do without something and at least maintain their current standard of living. As a rule, however, the statutory pension is almost always significantly lower than the financial needs at retirement age.

The coverage gap - what is it anyway?

Insurance

High losses due to forces of nature in germany

Damage amounting to around seven billion euros was caused by storms, hail and floods in Germany alone in 2013. Experts fear that it could get even worse.

Insurance

Due to the Corona pandemic, numerous states have made it mandatory for foreigners to show proof of valid foreign health insurance, including Corona coverage. Otherwise, they will not be allowed to enter the country. The BDAE Group, which specializes in foreign insurance, points this out.

Often, proof must be provided when applying for a visa. In addition, some states have clearly defined what the insurance coverage must be in connection with a potential Covid 19 condition. This includes, for example, all countries of the Schengen area, Thailand, Chile, Costa Rica, Sri Lanka or Dubai. Schengen countries (i.e., Greece, Portugal, or the Czech Republic, among others) require, for example, that expatriate health insurance cover medical emergencies and hospitalization at a rate of 50.000 US dollars covers, as well as costs of at least 300.000 U.S. dollars for a return medical transport or medical evacuation, respectively. There must also be proof that the insurance company providing these benefits has its office in Europe.

Laywer
What happens to the joint account in the event of inheritance?

Deaths often bring the relatives of the deceased to the limits of their endurance, because in addition to coping with the grief, a number of legal problems relating to the inheritance, which are not infrequently complicated, also have to be clarified. One of the questions that may arise after the death of a relative is: What happens to the joint account in the event of inheritance?? What has to be considered in the event of the death of the account holder is to be explained as clearly as possible on the basis of this article.

transfer of the estate to the heir

According to §1922 BGB all rights and obligations of the deceased pass to his heirs. Accordingly, account balances, that is, claims against a bank under a savings contract or a checking contract, also pass to the heir or heirs. In the case of a joint account, which is often also referred to as a joint account, only the share of the joint credit balance to which the decedent is entitled passes to the heirs or. the heir or heirs take the place of the now deceased account holder.

Mortgage
A reverse mortgage: a retirement cushion . But survive it?

For people who are 62 and older, a reverse mortgage can give the budget some breathing room during retirement. Many people use them to help supplement their income, pay for health care costs or pay off a mortgage.

But beware – reverse mortgages are often complicated and may not be the best option, depending on your situation.

Real Estate
Grantor retained annuity trusts: what you need to know

So you're not familiar with Grantor Retirement Trusts, better known as GRATs? This may not be a bad thing, considering that this speculative estate planning tool has a questionable future – at least as it currently exists. In any case, financial advisors who guide their clients to GRATs should do so carefully and only with clients who have the appropriate assets.

How they work

In short, GRATs are irrevocable trusts that wealthy individuals (donors) shift substantial sums of money to family members while avoiding traditional estate and gift tax liabilities, both of which are currently at 40%. And as the name suggests, the concessionaire, usually a family man, retains the right to collect annual annuity payments for a certain number of years, then any remaining assets in the GRAT are distributed to beneficiaries of the lender's choice. (For more information, see: Estate Planning Tips for Financial Advisors .)

Laywer
Distance learning labor law (practical knowledge)

Legal knowledge, especially in employment law, is more important today than ever before. Employment contracts, changes in work tasks, transfers or dismissals must be regulated in accordance with the law in order to prevent legal disputes.

Employers and trainers, as well as employees in the human resources departments of companies and enterprises, need detailed knowledge of labor law regulations in order to take the right measures at the right time in the event of disagreements and imminent operational changes. This is the only way to avoid time-consuming and cost-intensive disputes, which can also put a strain on the working atmosphere and the relationship with the employees concerned.