“Parenting is always difficult, and it’s even more challenging when a child has a mental health or substance use issue.” – Barry Lessin, M.Ed, Certified Advanced Alcohol and Drug Counselor Substance Use Problems Make Parenting Difficult at Any Age Many parents of all ages struggle with children who face substance use problems. Whether the problem […]
For high-net-worth families, many legal strategies are employed to preserve wealth and minimize taxes. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act presents some challenges and opportunities in high-net-worth estate planning and the ability to transfer wealth from one generation to the […]
Most young parents do not think about dying or becoming seriously ill or injured. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and life insurance. Even though many young parents acknowledge the possibility of a life-altering event […]
Before seeking medical care, imagine if you were ill and had to decide if you could afford it. Unfortunately, for many Americans, seeking medical care hinges on affordability rather than medical necessity. About half of US adults have gone without or delayed medical care in the last year due to a lack of affordability. Even with insurance […]
Parents usually treat their children’s inheritances equally, whether they are for property or money. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a child who is more financially successful than the others and the parent doesn’t feel it’s […]
People with disabilities simply refer to travel as “accessible travel” or “disabled travel”. There is a lot to consider when traveling with a disability. Proper research, planning, and preparation are crucial. In the past, traveling as a disabled person seemed like an overwhelming and sometimes impossible task. However, with travel agencies specializing in disabled travel, […]
In the United States, gun trusts are legal tools that enable individuals to own firearms in a legally compliant way and, at the same time, allow them to share access to firearms with others. This approach is beneficial for those who own restricted firearms or firearms regulated by the National Firearms Act (NFA), such as […]
You can delegate the power of attorney to someone you trust to conduct transactions or make decisions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may sound pretty straightforward. When you are looking for services online, […]
One of the hardest challenges in life is contemplating one’s own death. Yet it is very important to think carefully about the medical treatment we would want for that challenging time. Medical technology can now keep us alive long after we have ceased to enjoy meaningful quality of life. A series of legal rulings around […]
The estate administration process involves managing a deceased person’s assets and distributing them to their beneficiaries. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy […]
When it comes to estate planning, wills, and trusts have specific and quite different benefits. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in each should complement the other. As a standalone, it is not accurate to say one is […]
A proper estate plan can mitigate unwanted risks by anticipating what might occur and preventing problems before they arise, which can reduce the complexity, length, and expense of probate. Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate’s value and legacy, and preserving your family’s well-being. Probate includes: Avoiding […]