Ways to Secure Your Wishes and Getting Your Affairs in Order
Death is not a topic that is easy to get excited about—especially when it concerns your own. However, there are practicalities to consider when it comes to the division and distribution of your estate when you are gone. Estate planning involves the various actions you must take and documents you must create to make sure your money and property goes to the people you want it to. Your first move should be to retain the services of a lawyer who specializes in the field. Only an attorney with the right expertise and experience will be able to draw up the kind of will that will be legally binding. Your lawyer…
What You Need to Know About Talking to a Lawyer About Your Parents’ Estate
As our parents age, we often take on the role of caregiver and confident. We learn things about our parents that we didn’t know before, whether by choice or by divine design. We come to know them in a way that seems both fragile and beautiful, all while trying to manage the overwhelm we feel as new caregivers of our parents. With the role reversal that happens as our parents age, it is difficult for adult children to know what comes next. But if our parents could muddle their way through raising us, we can certainly figure out how to care for them. As time goes on, though, more serious…
Some Frequently Made Estate Planning Mistakes by Physicians
For most physicians, the second step that they take after establishing a retirement account is doing some fundamental estate planning in the form of a revocable living trust or a will. Here are some of the common mistakes associated with estate planning that physicians make and how they have a negative impact on them and their families if the issues are not addressed effectively. However, the good news is that these slip-ups are quite easy to fix provided you seek the professional advice of your financial advisor or estate planner. Not Giving the Due Attention Physicians are mostly in the habit of putting off estate planning. They give priority to…
For Estate Lawyers Like Konrad Malik, Including Online Assets Increasingly Significant
When making estate plans, it’s important for people to consider all their property—and that means their digital property too. With the advent of social media, email, online banking and trading, smartphones and apps, and other innovations that allow everyone to stay connected, perform tasks, create, and work more efficiently, a tremendous amount of data is generated. But, the question is, what happens to your digital assets (your accounts, photos, and information) when you pass away? It’s a question not many people think about when making their estate plans, though, as it’s becoming increasingly clear, it’s a question that is all too important. What’s at stake Konrad Malik, an estate lawyer…
Legal Minefields: The Problems You’ll Face As Your Parents Grow Old
Prepare for the legal aspects of aging parents: estate planning, living wills, disability planning, powers of attorney, conservatorships, guardianships, insurance, long-term care, healthcare planning, and recognizing fraud, abuse, neglect, and harassment. Seek legal advice if needed.
The Times You Absolutely Need To Hire An Attorney
There's no point swanning through life thinking you'll never need the help of other's expertise. If you do so, you'll certainly come unstuck at some point. Situations will arise in both your personal and working life when you will need to call in an attorney. Let's take a brief look at some of those situations when you might need an attorney.
Business Owners And Wills: 4 Essential Steps You Need To Take
Whether you own a business outright or are in a partnership, you can control what happens to some or all of your company when you die. By writing a will, you can have the ultimate say in your assets, including equipment and business space. It’s quite a tricky area however, and there are certain essential steps you must take first. 1. Sign an agreement Signing an agreement that is upheld by law is a way of having full control over your assets after your passing. These contracts contain information on how to handle an estate after the owner’s passing. This is a good way to delve into all the details…
Intestacy – What Happens if You Die Without a Will
Composing a will is challenging for any person, and at times individuals opt not to produce one at all. As solicitors in Liverpool have been frequently associated with negotiating conflicts for individuals that in no way completed publishing their will.
