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    Fulfilling Side Hustles for Good Money in 2023

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    5 Tips on How To Run Your First Charity Event

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    4 Ways To Prepare Yourself for a Big Promotion

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    Tips for Setting Effective Goals for Your Business

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    Tips for Designing an Effective Beverage Label

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          Prescription for Housing? California Wants Medicaid to Cover 6 Months of Rent

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          • Lifestyle

            Sacrifice States: the US Nuclear Sponge

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            Why it’s Important to know Your 2nd Amendment Rights

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            Tips for Growing a Fuller and Healthier Beard

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            Fulfilling Side Hustles for Good Money in 2023

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            5 Tips on How To Run Your First Charity Event

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              Collapsed Silicon Valley Bank enlisted ‘revolving door’ lobbyists to push its policy agenda in Washington

              Collapsed Silicon Valley Bank enlisted ‘revolving door’ lobbyists to push its policy agenda in Washington

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              Candidates spend a record amount of campaign funds on childcare in 2022 midterms

              March Madness 2023: Annual K Street College Classic bracket features biggest federal lobbying spenders in higher education

              March Madness 2023: Annual K Street College Classic bracket features biggest federal lobbying spenders in higher education

              ‘Pop-up’ super PACs poured millions into high-stakes congressional races without disclosing their donors ahead of the 2022 general election

              ‘Pop-up’ super PACs poured millions into high-stakes congressional races without disclosing their donors ahead of the 2022 general election

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              Sunshine Week: Shining a light on money in politics

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              Wisconsin’s high-stakes, high-spending Supreme Court elections

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              Armed Services Committee members received $5.8 million from defense sector during 2022 election cycle

              Senate Banking Committee presses Federal Reserve chair on capital requirements following big bank lobbying blitz

              Senate Banking Committee presses Federal Reserve chair on capital requirements following big bank lobbying blitz

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              New federal indictment sheds light on former FTX CEO Sam Bankman-Fried’s alleged straw donor scheme

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              • Real Estate
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                The Best Landlord: How To Show Tenants You Care

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                How a Nice Garden Can Impress Buyers

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                • Automotive
                  4 Common Mistakes To Avoid With Car Restorations

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                  Signs That It Might Be Time To Get a New Car

                  Signs That It Might Be Time To Get a New Car

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                • Business
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                  Fulfilling Side Hustles for Good Money in 2023

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                  5 Tips on How To Run Your First Charity Event

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                  Tips for Setting Effective Goals for Your Business

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                  Tips for Designing an Effective Beverage Label

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                  • Fashion
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                    The Best Leather Jackets for Guys – No Matter Your Budget

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                    Campus-Ready Backpacks for Storing *All* the Books

                    Trending Tags

                    • Food & Drink
                      Cheese Tortellini in Creamy Marinara

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                      Unusual Products That Come From Animals and Their Uses

                      Unusual Products That Come From Animals and Their Uses

                      Tips for Creating a Homemade Wine Cellar

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                      Trending Tags

                      • Health
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                        Obamacare at 13: Biden and a KHN Reporter Remember

                        When College Athletes Kill Themselves, Healing the Team Becomes the Next Goal

                        When College Athletes Kill Themselves, Healing the Team Becomes the Next Goal

                        The Policy, and Politics, of Medicare Advantage

                        The Policy, and Politics, of Medicare Advantage

                        Sen. Sanders Shows Fire, but Seeks Modest Goals, in His Debut Drug Hearing as Health Chair

                        Sen. Sanders Shows Fire, but Seeks Modest Goals, in His Debut Drug Hearing as Health Chair

                        Being ‘Socially Frail’ Comes With Health Risks for Older Adults

                        Being ‘Socially Frail’ Comes With Health Risks for Older Adults

                        Fresh Produce Is an Increasingly Popular Prescription for Chronically Ill Patients

                        Fresh Produce Is an Increasingly Popular Prescription for Chronically Ill Patients

                        End of Covid Emergency Will Usher in Changes Across the US Health System

                        End of Covid Emergency Will Usher in Changes Across the US Health System

                        Prescription for Housing? California Wants Medicaid to Cover 6 Months of Rent

                        Prescription for Housing? California Wants Medicaid to Cover 6 Months of Rent

                        Mental Health Care by Video Fills Gaps in Rural Nursing Homes

                        Mental Health Care by Video Fills Gaps in Rural Nursing Homes

                        Trending Tags

                        • Lifestyle

                          Sacrifice States: the US Nuclear Sponge

                          woman with gun near thief at night in parking lot

                          Why it’s Important to know Your 2nd Amendment Rights

                          Tips for Growing a Fuller and Healthier Beard

                          Tips for Growing a Fuller and Healthier Beard

                          Fulfilling Side Hustles for Good Money in 2023

                          Fulfilling Side Hustles for Good Money in 2023

                          5 Tips on How To Run Your First Charity Event

                          5 Tips on How To Run Your First Charity Event

                          Essential Home Defense Gear for Gun Owners

                          Essential Home Defense Gear for Gun Owners

                          Lake Mead Nevada

                          The Ramifications of Lake Mead Drying Up

                          Different Types of Lucrative Collectibles To Invest In

                          Different Types of Lucrative Collectibles To Invest In

                          Long, Lush, Lovely: Styling & Care Tips for Long-Haired Men

                          Long, Lush, Lovely: Styling & Care Tips for Long-Haired Men

                          Trending Tags

                          • Politics
                            Collapsed Silicon Valley Bank enlisted ‘revolving door’ lobbyists to push its policy agenda in Washington

                            Collapsed Silicon Valley Bank enlisted ‘revolving door’ lobbyists to push its policy agenda in Washington

                            Candidates spend a record amount of campaign funds on childcare in 2022 midterms

                            Candidates spend a record amount of campaign funds on childcare in 2022 midterms

                            March Madness 2023: Annual K Street College Classic bracket features biggest federal lobbying spenders in higher education

                            March Madness 2023: Annual K Street College Classic bracket features biggest federal lobbying spenders in higher education

                            ‘Pop-up’ super PACs poured millions into high-stakes congressional races without disclosing their donors ahead of the 2022 general election

                            ‘Pop-up’ super PACs poured millions into high-stakes congressional races without disclosing their donors ahead of the 2022 general election

                            Sunshine Week: Shining a light on money in politics

                            Sunshine Week: Shining a light on money in politics

                            Wisconsin’s high-stakes, high-spending Supreme Court elections

                            Wisconsin’s high-stakes, high-spending Supreme Court elections

                            Armed Services Committee members received $5.8 million from defense sector during 2022 election cycle

                            Armed Services Committee members received $5.8 million from defense sector during 2022 election cycle

                            Senate Banking Committee presses Federal Reserve chair on capital requirements following big bank lobbying blitz

                            Senate Banking Committee presses Federal Reserve chair on capital requirements following big bank lobbying blitz

                            New federal indictment sheds light on former FTX CEO Sam Bankman-Fried’s alleged straw donor scheme

                            New federal indictment sheds light on former FTX CEO Sam Bankman-Fried’s alleged straw donor scheme

                            Trending Tags

                            • Real Estate
                              How To Make Your Rental Property More Eco-Friendly

                              How To Make Your Rental Property More Eco-Friendly

                              Things To Consider Before Investing in Real Estate Overseas

                              Things To Consider Before Investing in Real Estate Overseas

                              Incredible Areas in Florida To Buy a Vacation Home

                              Incredible Areas in Florida To Buy a Vacation Home

                              Helpful Home Staging Tips for Virtual Tours

                              Helpful Home Staging Tips for Virtual Tours

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                              Ways To Decorate and Design a Lake House

                              Challenges To Managing a Rental Property

                              Challenges To Managing a Rental Property

                              The Best Landlord: How To Show Tenants You Care

                              The Best Landlord: How To Show Tenants You Care

                              The Best Locations To Invest in a Second Home

                              The Best Locations To Invest in a Second Home

                              How a Nice Garden Can Impress Buyers

                              How a Nice Garden Can Impress Buyers

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                              How Inheritances Can Affect a Divorce Settlement

                              by Ron Jones
                              June 24, 2021
                              in Legal
                              How Inheritances Can Affect a Divorce Settlement
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                              How Inheritances Can Affect a Divorce Settlement

                              Money changes everything. Even with the existence of estate taxes, the inheritance of generational wealth is one of the primary engines of upward mobility in America. In fact, with the ever-escalating cost of living, a failure to stake a claim to generational wealth can even lead to downward mobility. Upon inheriting money from parents or grandparents, most of us tend to send those funds straight to prudent long-term investment opportunities. However, divorce has a way of changing everything, too. During or even after a divorce, obligations to an ex-spouse can change where that windfall lands. Here’s how inheritances can affect a divorce settlement, whether in progress or retroactively.

                              Commingling of Assets

                              Traditionally, if one spouse receives an inheritance during marriage, that is considered individual rather than marital property. That all changes in certain circumstances. If a spouse deposits a cash sum in the couple’s joint bank account, that money becomes marital property. If you inherit a piece of property and marital property becomes involved in it—for instance, using that joint bank account to pay for maintenance of an inherited house, or selling that house and liquidating the asset—that, too, can become marital property. This is known as a commingling of assets. To prevent this, inheritors should shelter their money from any contact with marital property. However, that may not be sufficient in key instances.

                              Changes in Child Support

                              If your ex-spouse has inherited a large sum after your divorce, you may feel as if you—and far more importantly, your child or children—have lost out. Had you stayed together, this windfall would have meant a significant change in your family’s quality of life. But it still can. You can petition the court to amend an existing child support agreement. Even if your children aren’t named in the will, the extent to which they would have nonetheless benefited from gaining this money or property is often reason enough for the court to allow a modification to the terms of child support.

                              Transmutation

                              Changes in paperwork regarding tangible property or real estate are an example of how inheritances can affect a divorce settlement. If one spouse inherits property, such as a house or a car, after the death of a loved one, that person may choose to put his or her spouse’s name on the deed as well. Similar to commingling of assets, this transmutation changes the inheritance from personal property to marital property, as both people have now assumed costs associated with that ownership, such as insurance or taxes.

                              Tags: DivorceInheritanceSettlements
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