You can create unlimited profiles. Access to immediate information prepares your trusted agents to immediately answer difficult questions. For example, if you’re in an emergency room the app will provide info to your family members, leading to improved health outcomes. Because you can create as many profiles as you want, use MYLO to store info about yourself, your aging parents, spouse, siblings, children, and friends.
Category Archives: Life Changes
No matter the month, wedding planning usually includes tuxedos, dresses, rehearsal dinners, guest lists, and the honeymoon. However, too many couples fail to consider an important element that should make every “to do” list – a couples estate plan.
Distressed children often call estate planning attorneys. Their deceased parents wrote a will or a trust without itemizing an inventory. So the kids have no idea which accounts, insurance policies, or items of real and personal property their parent owned.
Most people agree that a long life is good. However, life alone does not guarantee ideal circumstances. For example, longevity, coupled with physical or mental incapacity, can prove challenging.
Name someone to serve with you. This familiarizes your co-trustee with your trust. It also teaches your partner about the way you want the trust to operate. What’s more, it lets you evaluate your co-trustee’s abilities.
While you are living, it is your fundamental constitutional right to determine whether–and how often– your children will see your parents (their grandparents).
If you are like many millennials, who are the first generation who grew up using the internet, you have likely amassed a much greater quantity of digital assets than members of previous generations.
Determine which of your loved one’s accounts contains cash that can be accessed for the beneficiaries’ needs and other expenses. The last thing you want is for an item to be repossessed or the electricity turned off due to non-payment.
If your adoption is not yet final, but you love the child you intend to adopt and want to provide for him or her, you need to specifically name the child in your estate planning documents.
Most adoptions involve minor children. Arrange for someone to care for the new child if something happens to you. Appoint a guardian, i.e., a caregiver, in your will. This person will act as your child’s parent if you become disabled or die.