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.
Estate planning is an obvious concern for all parents, especially when having a child with special needs. It's important that you are aware of the unique considerations to go into planning and understand the necessary things you need to provide to your child - emotionally, physically, and financially, especially in the event of your eventual death or incapacity. But the first and most critical decision you need to make is to ensure your child's future well-being by appointing legal guardians.
Summer is coming, young people across the country are about to reach a key milestone: high school graduation. If you have a child claiming their diploma, now is the time to prepare them for life after leaving the nest, but make sure they've got the proper planning in place. By doing so, you're modeling good financial stewardship and setting them up right from the start. Financial and legal illiteracy is an epidemic that you can quickly address, starting with yourself and your own family.
With 2020 firmly in our rear-view mirror, the economy appears to be on the rebound, and things are slowly getting back to a semblance of normalcy. That said, many families continue to struggle financially, and if this includes you, you may be able to find some relief from the American Rescue Plan. To highlight the ways the ARP can impact your family's bank account, we'll break down three additional parts of the law that stand to boost your family's finances. Learn more here!
Signed into law on March 11th, President Biden's $1.9 trillion American Rescue Plan Act of 2021 (ARP) is the largest direct-to-taxpayer stimulus legislation ever passed, and it came just in time to save millions of Americans whose unemployment benefits were about to expire. This ARP comes with numerous other provisions that can seriously boost your family's finances for 2021. Learn more here to highlight the ways the ARP can impact your family's wallet.