Living In Sin: When Remarriage Causes Financial Harm
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 26 September 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
Thinking about getting married again? Before you do, it's important to understand the financial implications (that aren't always obvious).
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
Contact Devin's team at https://www.carrolladvisory.com/
Contact John's team at https://www.rossandshoalmire.com/
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.9 | Hey, everyone. |
| 0:11.8 | Welcome to the Big Picture Retirement Show. |
| 0:13.7 | I'm your host, Devin, joined today by John Ross. |
| 0:17.4 | Hey, John. |
| 0:18.0 | Howdy. |
| 0:18.9 | Devin, so I had an interesting thing come up. And this, I'll say recently, |
| 0:23.5 | it was actually probably about two years ago. But here's what happened. So I had an appointment in the |
| 0:30.2 | office and we have a group of church ladies. Okay. Right. And they're a little group of friends from, |
| 0:36.1 | from a local Baptist church. And one of the |
| 0:39.2 | church ladies is actually the pastor's wife. Oh. Okay. And they're coming in because one of the |
| 0:44.7 | other church ladies, she's had some dementia. They've been noticing some things for a while. |
| 0:50.0 | And she doesn't have any family. So really this group of church lady friends, that's her only |
| 0:54.8 | real friend group and her only real family. And as her dementia has progressed, they're seeing |
| 1:02.9 | some real dangers out there where, you know, she's she's falling victim to some scams. Um, |
| 1:09.0 | she'll walk off with anybody. Oh. You know, she's just very trusting and the, |
| 1:15.0 | the, you know, the dementia has caused her to, to not be able to just make reasonable judgments, right? |
| 1:21.6 | So they wanted to come in, what do we do? Right. And so we talked about a number of things. And I said, |
| 1:25.1 | well, ultimately, we're going to have to get one of y'all appointed as her legal guardian. And we'll need to get some medical evidence. You know, so talk to her doctor. We'll get some medical evidence. We'll petition a court. You know, we'll present all the medical evidence that she's not able to handle her own decisions and then we'll get one of y'all appointed |
| 1:44.7 | as the guardian and we'll use some of the stuff that you've told me about what she's done as |
| 1:50.1 | some of our evidence as well everybody's fine with that so fast forward a couple of weeks we've got |
... |
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