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…
Gray divorce rates (couples getting divorced following age 50) have doubled over the past twenty-five years. Statistics show that one out of every four people getting divorced is aged 50 years or older. But what is the reasoning the divorce rates are so high for married people over the age of 50? Below you are…
Divorces are notorious for being challenging in dealing with, for each of the spouses and their families. The spouses need to make important decisions about proceeding with the divorce, and whom to get assistance from. These choices are critical, as they are going to impact their plans for the future. As reported by government sources,…
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