To begin with, a common misconception most people have is that estate planning is for those who are older or possess substantial wealth. Many people also assume that the process will be complex, time-intensive, and pricey. But some — if not all — of the problems mentioned aren’t true the majority of the time.
Congrats! You survived COVID-19! Or maybe you didn’t…or is COVID still happening? I don’t think anyone knows. Nonetheless, your business needs you. Maybe more than it ever has before. Our legal team has put together some of the most common reasons that businesses start to fail.
This is a very common question we receive on a daily basis at Scarborough Law. Many people come to us curious (or confused) about trusts and taxes. So today’s article is going to sort it out and clarify things for you.
In January, we reported how the deaths of NBA legend Kobe Bryant (Kobe) and his 13-year-old daughter, Brianna, in a helicopter crash demonstrated the vital need for estate planning for people of all ages. At the time, little was known about the planning strategies Kobe had in place to protect and preserve his estimated $600 million estate for his wife, Vanessa, and three surviving daughters, Natalia, 17, Bianka, 3, and Capri, 7 months.
Family Based immigrant petitions are filed for a relative of a U.S. Citizen or Lawful Permanent Resident (LPR), otherwise known as a Green Card holder.
In my estate planning practice, I talk about end-of-life issues nearly every day. I’ve become tuned in to planning discussions even in the most unexpected places. In my Covid-19 Netflix search, I’m Sorry, Season 2-Episode 3, in which extensive discussions on end-of-life stood out. The subject matter and language can be quite shocking at times. However, even this irreverent series has addressed planning and family discussions surrounding incapacity, guardianship for children, and post-death planning.
The coronavirus pandemic undoubtedly has you on edge. We’ve all been forced to face our fears in some way, whether it’s the fear of falling ill, losing a job or having to spend time alone. With all these anxieties and unknowns weighing on your mind, it might feel like there’s suddenly a pressing need to get your affairs in order…just in case.
How have you and your business been the past 2-3 months? It is easy to get caught up in the speculation of what is to come. With all of the different analyst predicting this and that; one thing is for certain: America will rebound.
President Trump issued a proclamation suspending entry of immigrants to the United States.
The traditional law business model is broken. Here’s how the Estate Planning process typically goes with the traditional model: