If you have a child with autism, you'll want to consider his or her future -- especially as he or she becomes an adult. After reaching the age of 18, even young adults with mental health disabilities, like autism, will be legally allowed to make decisions on their own behalf. If you wish to keep caring for your child in the way that you have before he or she became 18, you will need to seek legal guardian status.
As adults, we grow increasingly more aware of the costs of long-term medical care as we age. However, when confronted with this potentially unpleasant new information, we are prone to set it aside. Thinking about what we might do for ourselves or a loved one in need of long-term care isn't an easy topic to discuss and plan around, but it is necessary when considering the real costs.
If you're married in California, and you plan for your family to receive all of your assets when you're gone, you might consider skipping the process of drafting the will. However, this would be a mistake. No matter how rich or poor you think you are, a will can be extremely beneficial to your family.
Business owners who want to leave the family business to their children can create a business succession plan to achieve this. A business succession plan can be organized in many different ways. For example, it might not go into effect until after you die. Or, you might sell your business to your child or children, so you can enjoy your golden years without needing to be concerned about the health of your business.
Marriage is about love, and it's certainly beautiful any time two people and their respective families come together through matrimony. However, it's also important to remember that getting married is a legal contract. If you're going into your second marriage, there are a few things that you should think about before finalizing this contract.
For many parents, a child’s high school graduation is a mixed blessing. One is able to see one’s child take the first steps into adulthood – and the first irrevocable steps away from the family home. The instincts to protect (and, maybe, to coddle) remain strong, even as one knows it’s best to allow children to assert their independence.
Women involved in estate planning with their husbands and extended family members may find themselves with a unique view in the process. While a man might make more money in his lifetime than his wife, she will likely outlive him. And, while the husband might earn the larger portion of household income, his wife is more likely to decide how to spend it on a day-to-day basis. How does it all turn out when it is time to pass on assets?