While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.
For those of us involved as care providers for someone having difficulty handling his/her own affairs, whether it’s a family member or not, requires that we have the legal authority to do what’s in that person’s best interest.
These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.
Seeking a guardianship for a loved one is a decision that shouldn’t be taken lightly. Here’s how the process works.
The Estate of The Union Episode 14: Needle in a Haystack – Finding the right Caregiver is out now! Getting squeezed between being a parent
Executors can use additional information in administering estates, especially if the executor is unrelated to the decedent.
Modern trusts can be drafted, and existing trusts can be modified, to provide flexibility allowing a family the ability to navigate an unknown future and preserve family legacies intergenerationally.
Without a valid will, a person’s estate passes to their surviving heirs under intestate succession (i.e., ‘succession without a will’).
Advice for adult children, so their parents in nursing homes and assisted living are safe from scammers.
Family caregivers cannot do all things all the time. Recognizing when you need outside help is good for you, and also for your loved one.
