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Meinzer Law Firm, PC

September 2019 Archives

Is it time to assume legal authority over your ailing parent?

Some people like to say that the relationship between parents and children turns inside out as kids grow up. When infants are born, their parents must dedicate a lot of energy toward keeping them safe and ensuring that they meet all of their needs, from adequate, safe rest to appropriate food.

A closer look at undue influence in California

Thanks to the Baby Boomers, the number of people age 65 and older is steadily increasing. In fact, by 2030, these individuals are expected to make up nearly 20% of the population, which is more than a 50% increase compared to those in that age bracket back in 2000. This means that many more estates will be changing hands in the years to come, with many of these older individuals' family members winding up with newfound wealth.

Estate planning and business succession

Building and running a successful business takes time, money, and a whole lot of dedication. For many entrepreneurs, their business is their life's work and their legacy. As such, they really should plan for the future of the business when the time comes that they are no longer around to run it. This often comes up in terms of retirement, but it should also be carefully considered when engaging in estate planning. After all, forgetting to address a business in your estate plan may cause it to be left in the hands of someone is inept in business affairs.

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