Managing Financial Affairs for Aging Parents
For a long time, your parents likely managed the financial aspects of your life or at least provided valuable advice that helped set you up for future success.
With that in mind, it can be incredibly difficult to institute a role reversal when your parents become older, as they become more at-risk for financial fraud. Bringing up this topic through discussion, however, might make them feel as though their independence is being taken away from them, and it might feel like you’re taking on an extra burden.
While it can be uncomfortable for both sides, sharing or taking over financial responsibilities for your parents doesn’t have to be highly stressful if you handle the process the right way.
You’ve Proposed. Now What?
Congratulations, you’ve officially popped the question to your significant other. It’s a time for celebration, but eventually, you’ll need to ask a series of other questions: What paperwork will you need to legitimize your union? What goes into completing those documents? Who will you choose to officiate your ceremony and officially verify it?
You have to consider multiple factors when making these decisions with your fiancé to ensure your wedding day goes off without a hitch.
Running Your Own Consulting Business
Running a business is a tough job, but when you are doing what you love, it doesn’t seem like work at all. Most business owners work far more hours than they did as an employee of a company — but starting your own consulting business gives you the opportunity to make the rules and reap all the benefits.
When you are running a business, you need a plan to bring in clients, complete jobs efficiently and develop new revenue streams. One key to success is balancing your time between serving clients and searching for new clients. Ideally, clients will become repeat customers, and you will develop a work process to maximize your income.
These tips for running your own consulting business will help you succeed faster:
What to Know When Your Parents Are in the Hospital
It is a strange role-reversal when your parent is in the hospital and you become the caregiver. You are a responsible adult now, and your parent needs your help. Here are three forms you should know about if your parent is anticipating any type of medical procedures:
No matter what their medical situation, if your parent is in the hospital or is anticipating a hospital stay, you may need a health care proxy. The laws are strict on who can speak for a patient when that patient is unable to make his or her own health care decisions. There are several reasons why you may not be legally considered the next of kin. Having a health care proxy in place will avoid confusion and complication at a critical time.
Getting Relief in Small Claims Court
Small claims court is designed to settle disputes with a relatively small dollar value. The issue may be important to you or even a little emotional, but the compensatory damages are limited to just a few thousand dollars. The amount you seek is usually the determining factor for whether you should bring your claim in small claims court or a higher court, like superior court.
Dissolving Your Marriage With Grace
When most people enter into a marriage, they likely expect it to last forever, so it can be disheartening when things go wrong. A long-lasting marriage takes more than just love and roses, though. It is hard work, compromise and commitment — but there are situations where spouses can no longer remain married.
Maintaining your sanity and respecting the humanity of your spouse might require ending the marriage, but it can still be a very difficult and emotional journey.
When you sign your purchase agreement, the closing date is set — but that’s only an approximation. Your closing date will be officially set by the attorney handling the transaction. Between signing the purchase agreement and handing over the keys to the new owner, you may experience a change in the closing date.
As a buyer, you shouldn’t be alarmed if this happens — in fact, it’s best to be prepared for it no matter what. Here are 10 reasons a real estate closing date may change.
Your name might seem like a personal issue, and you should be able to call yourself whatever you like — in theory. It doesn’t always work that way, though. You might have a nickname, but when it comes to the legal side of things, only your legal name will work.
Your name is also used for legal and financial purposes, and, therefore, it has some official standing. You may be referred to by a nickname in conversation, but when it comes to official documents, like bank checks, you must use your legal name. When signing a contract, like mortgage documents, using a nickname is inappropriate and makes the contract not legally binding. For legal purposes, your identity is attached to a specific name.
Planning You Estate & Your Will
Estate planning sounds like something for wealthy people, but everyone has an estate and the right to direct how it should be distributed upon their passing. If you have children or other family members, it’s your responsibility to make decisions about your assets to protect your heirs’ rights after you die.
An estate is not just a big fancy house. It’s a legal term for the sum of all your possessions. Your estate may include a vacation home or other real property, but it can also contain small personal possessions that have more sentimental than monetary value. Everything you own, no matter its worth or size, can be distributed according to your wishes after your death, if you specify your instructions in a legally binding will.
Are You Prepared for Temporary Guardianship?
There are a few reasons you may need to become a temporary guardian. This legal arrangement allows you to manage someone else’s financial, personal and medical matters for a set period. It is something you may voluntarily take on for someone in your life who needs your help, or a court could appoint you as the temporary guardian for a minor.
The difference between a guardianship and a temporary guardianship is the length of time it remains in force. A guardianship is usually indefinite, while a temporary guardianship typically ends after a set date, and you’re no longer able to manage someone else’s affairs. The temporary nature of this type of guardianship might get you through a health crisis or give you control of a minor child’s assets until that child becomes an adult.