Today, It’s critically important to have the appropriate safeguards in place to reduce the risk of fraud and identity theft, especially for your senior parents. Because your parents are unlikely to be as savvy about digital technology and may be losing some of their powers of discernment as they age, it will almost certainly be up to you to help them in protecting themselves—and ultimately, your inheritance.
While the DIY approach might be a good idea if you're looking to build a new deck for your backyard, it's actually one of the worst choices you can make when it comes to estate planning. Are you willing to put your family's well-being and wealth at risk just to save a few bucks? If you want to do the right thing for those you truly love, contact your Personal Family Lawyer to get your Life and Legacy Planning started.
You may think your pets are family, but the law considers them to be nothing more than personal property just like your cars, furniture, and electronic devices. In order for the law to treat your pets the way you want them to be treated, it is your responsibility to make that clear through estate planning. If you would like your pets to be taken care of properly after your death, you have to plan ahead to ensure their safety and care when you are not able to do it yourself.
An emergency can happen at any time and at any place, and the scene can be overwhelming, terrifying, and at least, confusing. When facing life-threatening emergencies, there isn’t much time to think. You must be prepared to act and act fast, which is why you should be prepared beforehand. Here is a basic summary of the most-recommended supplies to give you some idea of what items you should have ready to go in case you need to get out of your home within minutes.
Planning for retirement is the best way to make sure that you are financially stable in the future when you won’t be earning an income. This planning includes more than putting aside a certain amount every month, it is more about figuring out how much to save depending on many different factors in your life such as the economy or medical emergencies. Here are some of the most important factors to consider when planning for retirement.
Many self-made millionaires in their 30s maintain that working smart and working hard can bring you from just making ends meet to a 7-figure income in as little as a decade. It can happen in many ways but it depends on how well you manage your life. Here are a few tips to help you stay focused on the things that matter toward your personal and financial success.
Being left in the hands of unscrupulous guardians appointed by the court can be the most frightening aspect for you in the event you become incapacitated, given that you may have a loving and caring family members, but are unable to take care of you. Putting up a plan in place that clearly states all your wishes and consent prevents such from happening and ensures that the individual of your choice can make legal decisions on your behalf according to how you wanted them to be.
Conflicts frequently erupt in blended families as children, especially from a prior marriage and spouse's interests, often aren't aligned. As Estate Planning mistakes become costly when your family have to sort out disagreements in probate court, it is critical that you clearly state your terms in your estate plan and that you communicate and explain your wishes to your loved ones in person while you're still alive to reduce the chances of conflict and to bring them closer at the same time.
Scammers view seniors as easy targets and nowadays, they use a wide array of sophisticated and highly effective tactics which even the most intelligent and educated can be duped. Be alert and protect your aging loved ones and yourself from such predators by knowing the three big red flags of financial exploitation we listed to safeguard your family's finances.
Each of us is at constant risk of experiencing a devastating accident or disease that may leave us incapable of caring for ourselves & our loved ones. Temporary or not, such may render emotional trauma, or worse, financial loss. This is why incapacity planning is significant to ensure someone can take charge of your legal decisions in case you are incapacitated to keep your family out of court & out of conflict. Consult with an experienced lawyer like us to guide you in this decision making.