When an older individual loses their ability to clearly think, it also impacts their ability to make knowledgeable and important decisions. This might happen because of the beginning of Alzheimer’s disease or other associated dementias, stroke, brain injuries, mental illness or other severe health matters. When the person you are in care of is cannot…
Guardianships are a legally based relationship among a named party (the “guardian”) and a 2nd person called the “ward”. In a lot of cases, the ward is usually a child or a minor that is below the age of adulthood (around eight teen in many states). Nevertheless, a guardian may also be named for an…
Guardianship is in reference to a legal responsibility designated to an individual by a probate court. An individual called a legal guardian is legally enabled for making personal, medical, and financial decisions on another individual’s behalf, called a ward. In a lot of cases, the ward is going to be minor child, and/or a mentally…
Elderly guardianship, sometimes called elderly conservatorship, is a legal relationship devised when a court names an individual to care for an elderly person that no longer can care for themselves. The named guardian has specific duties and responsibilities to the elderly individual. Read on to familiarize yourself about elderly guardianship, the process, and factors to…
It’s a godsend to have the chance to pass on considerable assets to your children – and it’s probably one of the reasons you worked so hard and saved so diligently during your life. It’s normal to want to keep your wealth within your family, particularly as we find ourselves living through economically uncertainty. Although…
When the beneficiaries of your living trust (alternates and any residuary beneficiaries) may inherit trust property prior to them ready to manage it without assistance from an adult, you should arrange for an individual to manage it for them until they are able to themselves. There are a couple ways to accomplish this: Leave your…
Guardians or conservators are designated by the court when an individual has been found to be physically or mentally debilitated, or when a minor requires an adult help with the management of their property and assets. Individuals in need of this type of care are known as wards of the court. The responsibilities of guardians…
It’s hard to plan for the unimaginable, but deciding on a guardian for your children is a requirement — for their benefit and for your own serenity. It’s difficult to think of someone other than you raising your children, but when something were to happen to you and your partner, you’d want to guarantee your…
Conventionally, the method of planning for the transferring of assets to your loved ones following your passing is called estate planning. As you draw clos this method, you may also hear other language: Legacy planning. Each of them is, in many ways similar, with many financial professionals using the term as a “re-branding” of the…
Learn more about if mediation is right for your divorce case. Separations usually bring up feelings of anger and bitterness, but emotional conflicts tends to make divorce more costly. If each of you want to avoid going to court, discovery, blame game, and an expensive trial, you could benefit from divorce mediation. Keep reading to…
