Read the Disclaimer

Read the Disclaimer image

Before you decide to use the forms of an online service for your legal documents, you should read the disclaimer on the website.

Some websites make it very easy to get legal documents prepared. All you do is pay a small fee, download some forms, read the directions and fill in the blanks on the form.

You can get all sorts of legal documents this way. This includes everything from starting a business to getting a will to getting divorce documents. Doing things this way, seems cheaper than going to an attorney to get the documents prepared. As a result,...

Are Your Heirs Ready?

Are Your Heirs Ready? image

People who inherit a lot of wealth and are not ready to deal with it, can run into a lot of problems.

Everyone is aware that it is not a good idea to let minor children inherit a lot of wealth and leave them to manage it on their own. The money would likely be wasted, and the children might then lack any motivation to go to school and get a job.

This is so obvious to people, that the law does not even allow it. If minors are left a large inheritance, the court will appoint someone to manage...

Probate and the Problem with Cryptocurrency

Probate and the Problem with Cryptocurrency image

The death of Matthew Mellon shows how a lack of planning can cause problems for an estate that contains a lot of cryptocurrency.

At the age of 21, Matthew Mellon, a member of the famous family of bankers, inherited $25 million through a trust that was created for him. Illustrating the dangers of giving that much money to someone so young, Mellon was not cautious with the money and developed a costly habit.

He recently passed away on the way to rehab, at the age of 54. If that was the entire story Mellon would be a good cautionary tale...

Getting Organized

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It is a good idea to get organized, if you want to make things easier for your family after you pass away. Doing so is also likely to help you now.

Have you have ever needed to find a particular document and do not remember exactly where you put it? If the answer is yes, then you know how frustrating it can be to locate one piece out of a sea of documents.

For example, if you need your birth certificate and the last time you needed it you were in a rush and did not put it away in...

Plan Ahead to Be a Caregiver

Plan Ahead to Be a Caregiver image

Americans are increasingly acting as the primary caregivers for their elderly parents. This is something that they should make plans for ahead of time.

If you know you were going to have increased expenses in the future, you would be wise to plan ahead for how you will meet those expenses. This is something people do all the time. Someone who would like to buy a house, plans ahead to save the money needed for a down payment.

One future expense many Americans will face is the cost of acting as the primary caregivers for their elderly parents. Older Americans...