Wills and trusts are two of the most commonly used estate planning documents. Both documents are legal vehicles designed to distribute your assets to your loved ones upon your death, but the way in which they work is quite different. To know the best way to determine whether or not your estate plan should include a will, living trust, or some combination of the two, meet a Personal Family Lawyer for a Family Wealth Planning Session.
Although Britney's story is certainly tragic and we can't be sure how it will ultimately play out, her case has at least shined a spotlight the possible pitfalls within the conservatorship and inspires you to make certain that you and your loved ones have the proper estate planning strategies in place to prevent the loss of autonomy, family conflict, and potential abuse that comes with court-ordered conservatorships and guardianships.
Since the age of 16, when she burst onto the charts with her debut single, "Hit Me Baby One More Time," Britney Spears has been one of the world's most famous and beloved pop stars. Yet despite her fame and fortune, Britney never had full control over her own life. She's been living under a conservatorship for the past 13 years. With the thought that it was only meant to be temporary, yet, it was made long-term, and her father has remained in nearly full control of her life ever since.
Although married same-gender couples are now enjoying nearly all of the same rights as opposite-gender couples, there is still one key right that’s still up in the air—the automatic right to be legal parents. While parental rights are automatically bestowed upon the biological parent, the non-biological spouse/parent still faces a number of challenges when it comes to obtaining full parental rights. Luckily, same-gender couples do have an alternative to adoption—estate planning.
Although same-gender marriage is legally recognized in all 50 states, long-held prejudice at both political and family levels continues to create complications for married and unmarried same-gender couples. With this, especially if you're a member LGBTQ+ community, estate planning is even more critical for you and your beloved to ensure that they will be protected and provided for in the event of your death or incapacity.
Should you become incapacitated without any planning in place, your family should apply to the court for guardianship. In most cases, the court appoints a family member as guardian, but this isn't always the case. If you have no living family members, or those you do have are unwilling to serve or deemed unsuitable by the court, a professional guardian would be appointed. Here's how you can protect yourself in the event of your incapacity using proactive estate planning.
Nothing says you love your pets more than having a legal plan in place for their care in the event of your death or incapacity. Unfortunately, too many animals are abandoned each year because their owners take for granted their furry friend's good fortune. You don't have to worry, however. Because now we have an easy solution that offers your faithful companion with the best security - emotional and financial - in the event of your death or incapacity.
2020 has set unprecedented variables in business with the advent of COVID-19. You will never know what could go wrong at any given moment. It is possible for your business to be completely swept away by the pandemic without means of protection. One of these means is having comprehensive insurance coverage. This can cover almost anything from properties, professional services, computer systems, business and employment practices and more.
Advanced health care planning is an ideal way to prepare for the future. Being unable to relay your healthcare instructions in the event of death or incapacity will be an added emotional burden to your already distressed loved ones. With the current pandemic overloading hospitals everywhere, it becomes more urgent to put your documents in place before it is too late. Find out what other directives to include in your plan to expedite the decision-making process and to ensure your family’s safety.
The CARES Act is a trillion-dollar program that provides direct economic assistance to workers, families, and small businesses. It is free money from the government that will hopefully relieve citizens of some of the financial strains brought about by the COVID-19 crisis. Qualified individuals will be given money thru direct deposit while business owners can apply for loans. Here’s everything you need to know to make the most out of this new law.