Receiving an inheritance is a huge blessing. However, it it is not handled properly, it could become a curse. For example, often times, the inheritor does not know what to do with the new asset and runs into financial trouble. Without care, inheritors can squander most, if not all of the inherited funds. In such […]
Author Archives: Skvarna Law
A poor health diagnosis or need for major surgery can disrupt your day-to-day life. So, estate plans are likely far from top-of-mind. Despite the fact you have much to contend with due to such taxing demands, it’s crucial to consider estate plans in times of change. In fact, proactive planning can ease you and your […]
Planning for the Financial Future of a Troubled Adult Child Are you concerned about any of your adult children? A well-executed estate plan can pose extra challenges for families with adult children struggling with addiction, marital issues, or irresponsibility with money. The last thing you want is for your wealth to end up having a […]
In Honor of National Dog Day, 10 Crucial Insights for Protecting Furry Family Members Americans love pets. In fact, the American Pet Products Association estimates that in 2017, pet owners spent more than $69 billion on their dogs, cats, birds, reptiles and other domestic animals. The money spent isn’t just for pampering the pets. It also […]
When musician Aretha Franklin died last month, she failed to leave a will. With her estate valued at more than 80 million dollars, her failure to complete an estate plan has put her heirs in a difficult position. An attorney who worked with Franklin for years says he urged Franklin to create a will or trust. […]
A dream without a plan is just a wish. Estate planning takes your wishes and turns them into reality. Estate planning is also a great way to focus on the legacy you want to leave behind for loved ones, so they can avoid the expense and delays associated with probate. And, in the process, you […]
With your children’s wellbeing weighing on your mind each day, you could forget about some of the most important factors involved caring for their present as well as their future: naming a guardian for your estate plan. Guardianship & More When was the last time you reflected on the person you selected to be guardian? […]
Until recently, senior citizens could be counted on as the population most likely to scorn drug abuse. In fact, the elderly typically stigmatized people who engaged in such activities. However, as Baby Boomers fill senior living facilities, they bring a somewhat looser attitude about drug use and misuse. After all, most hail from the drug […]
When diagnosed with dementia, most people feel shocked and surprised and sorely unprepared for future care needs. But after receiving this type of diagnosis, preparing for the future becomes immensely important. If you or someone you love has dementia, immediately seek guidance for future care. For help in taking the right steps to develop a […]
Estate Planning A letter of instruction is an informal document that lets your loved ones know what to do after your death. While no one wants to focus on such a somber subject, death is a natural part of life. So, preparing for it makes sense. And taking this step can alleviate stress and prevent […]