Compliments of the McGee Law Firm, Attorney Brandon McGee Your child has just turned 6,570 days old, and on the surface nothing seems to have changed. He still mixes the reds with the whites in the wash—she drove off with her book bag on the roof of her car again. But, disconcerting as it may be, for all legal purposes, turning 18 makes your child an adult. Even more disturbing is the fact that without proper legal safeguards, you may no longer have any say in their medical care or … [Read more...] about Eighteen and Alone: The Legal Risks of Independence
Compliments of the McGee Law Firm, Attorney Brandon McGee Change can be very difficult at times. A death in the family can be especially traumatic. It may feel as though the world should stop to mourn your loss, but it does not. The world still turns, day still follows night, buses and subways still run. Yet, for the family who has experienced the loss, the world may have been turned upside down. Just when grief strikes, the family has additional burdens to bear. It is helpful to have a … [Read more...] about When a Loved One Passes
No two people have the exact same financial goals. Just the same, no two people will have the same strategy for reaching them. When it comes to financial planning, you must customize a plan that suits your current situation and goals, along with what you want to accomplish in the future. While there’s no one size fits all approach to financial planning, there are some things you can review today: Your goals: You should have both short and long-term financial planning goals. As long as … [Read more...] about Financial Planning: Here’s What You Need to do
Compliments of the McGee Law Firm, Attorney Brandon McGee Preventing Challenges When Financial Roles Change Often a couple may divide up everyday chores. One person may take care of the “indoor chores,” like cooking and cleaning, while the other person may do “outdoor chores,” like mowing the lawn, raking the leaves, or shoveling snow. One person may purchase holiday and birthday gifts while the other person may pay the bills and handle financial matters. Dividing up the work … [Read more...] about Who Handles the Finances in Your Family?
Compliments of the McGee Law Firm, Attorney Brandon McGee Everyone knows that planning is part of estate planning. When Ted and Emily met with their attorney, they discussed their family’s needs and the legacy they wanted to leave. Ted and Emily and the attorney created an estate plan designed to achieve their goals via a Revocable Living Trust as the way to get there. After the documents were prepared, they set up the appointment to sign or “execute” the Trust and other documents, … [Read more...] about Funding is Critical to Estate Planning
Compliments of the McGee Law Firm, Attorney Brandon McGee You are worth much more than your financial wealth. Your lifetime of wealth includes the sum of your experiences, knowledge, values, and moral guidance, as well as your accumulated financial wealth. But, financial wealth is important in many ways. When you apply for a mortgage or car loan, the bank wants to know about your financial situation, not your life experiences. Similarly, your family will need your financial wealth to pay … [Read more...] about Calculating Your Financial Wealth
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2021 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2021
No matter who you are, it’s essential that you have a plan in place to preserve your wealth with an eye toward reaching all your long-term goals. This is easier said than done, but with the right approach (sooner rather than later) you’ll find yourself in a better position. There’s a lot that goes into financial planning. Furthermore, no two people take the exact same approach. However, there are some details that almost everyone should focus on, including the following: Your family … [Read more...] about Financial Planning: There’s No Better Time Than Now