In today's highly litigious society, you are at near-constant risk for costly lawsuits—even if you've done nothing wrong. This is especially true if you have substantial wealth, but even those with relatively few assets. No matter how careful and responsible you may be, accidents happen all the time, and no one is immune to the threat of a potentially devastating lawsuit. For this reason, you should consider adding a maximum level of protection by investing in umbrella insurance.
Over just the last two years, we've seen historic levels of damage inflicted by natural disasters in the U.S. Few areas of the country are immune to such disasters, from blizzards in Texas and wildfires in California to hurricanes in Louisiana and tornadoes in the Midwest. Despite this threat, most homeowners lack the insurance coverage needed to protect their property and possessions from such calamities. One major factor contributing to this lack of coverage is the false idea that homeowners
While both wills and trusts are the most commonly used estate planning vehicles to pass on wealth and other assets to your loved ones, putting your home in a trust has several distinct benefits compared to using a will. However, each family's circumstances are different. This is why your Personal Family Lawyer® will not create any documents until we know what you need and what will be the most affordable solution for you and your family—now and in the future—based on your family's conditions.
If you're like many homeowners, your home is likely your family's most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible when you die or in the event you become incapacitated. That's why it's a much responsible way to include your home into your estate plan. But before you do that, make sure to identify the best estate planning strategies when passing your home to your loved ones.
Every business has its own unique risks and assets, so business insurance is your first line of defense in protecting your company from a wide variety of different potential threats. Without the right insurance—or with too little of the insurance you do need—you could be at great risk from the costs of a lawsuit, judgment, or in the event of an unforeseen emergency or disaster. There are many types of business insurance available, so make sure to know the type of insurance your business needs.