Blog Layout
When is a Will Needed
Simon Mckinsey Miller & Stone • October 16, 2020
My 39 year old assistant asked me today at what point should she consider doing an estate plan with her husband. I explained to her that anyone who has a minor child should definitely at least have a will in place. The reason for that assertion is that in a will one can nominate a guardian for one’s minor children. The nomination of a parent is given great weight in a Guardianship proceeding. It should provide comfort to be able to dictate who shall have custody of a minor child should some unforeseen death occur to the parent. I am sure that the last thing that a parent would want is grandparents or other relatives fighting it out in Court to see who is in charge of their child after the parent passes. The nomination assures that the parent’s wishes will be given top priority by a Probate Court.
Traditional programs like Social Security and Medicare may no longer be enough in a world where financial stability and robust healthcare are essential for a secure retirement. As retirement planning shifts, so must our approaches to ensuring our later years align with our aspirations. Picture having the financial security to manage life’s after-stages without worrying about unexpected medical expenses or income shortfalls. This article explores modern strategies for creating a customized safety net that goes beyond the conventional, offering insights to help you achieve a more secure and fulfilling retirement.
In a world where fleeting moments often overshadow lasting impact, have you ever pondered the true meaning of legacy? Beyond the tangible assets and wealth we leave behind, lies a deeper, more profound opportunity to shape the world for those who will follow in our footsteps. A legacy isn’t just what you pass down; it’s the change you spark and the future you help mold. As we explore the various ways one can craft a meaningful legacy, you’ll discover how your passion and vision can resonate through time, touching lives and transforming communities.
Creating an estate plan is one of the most important steps you can take to protect your assets and ensure your loved ones are cared for according to your wishes. However, the process can be complex, and there are common mistakes that many people make. At Simon, Mckinsey, Miller & Stone, our estate planning lawyer in Long Beach, CA helps clients avoid these pitfalls to ensure a smooth transition of assets.
Retirement planning adds complexity when splitting your future between the US and another country. This guide from Simon, McKinsey, Miller & Stone delves into the essential aspects that immigrants and expats must consider to ensure a seamless and secure transition into retirement. Focusing on financial stability and personal well-being, this roadmap aims to navigate the unique challenges and opportunities of retiring across borders.
In the evolving landscape of the digital age, understanding data governance has become a cornerstone for the success of small businesses. As data emerges as a critical asset in the business world, its effective management transitions from a mere necessity to a strategic priority. This article —courtesy of Simon, Mckinsey, Miller & Stone — delves into the essence of data governance, breaking down its fundamental aspects and underscoring its paramount importance for small enterprises aiming to flourish amidst a data-dominated era.
Simon, Mckinsey, Miller & Stone is staffed by experienced personnel in all estate planning matters probate and business formation. Contact us today for more information! (562) 421-9354
As you head toward retirement, you may be looking for fun and exciting ways to spend your golden years. House flipping may be the ideal business choice because it combines business savvy with skillful home renovations and a little bit of entrepreneurship. Whether you want to flip houses as a side gig or become a full-time house flipper, here are some tips from Simon, Mckinsey, Miller & Stone about how you can make it happen.
Learning that you or a member of your family has a terminal illness is very difficult. While you are grappling with the emotional challenges of this news, it's also important to think of the practical implications. While it can be tough, addressing some administrative points sooner rather than later can be useful. You and your family can then enjoy your remaining time together without added stress. Here are some steps to take to simplify matters.
It’s a great time to grow your wealth by investing in vacation rentals. The global vacation market is worth over $87 billion and it managed to weather the COVID pandemic much better than hotels. As a first-time investor, you need to prepare before diving in.
Learning to live on a fixed income can be difficult for retirees, so it is important to plan and budget. However, if you have the time and capacity, earning a little extra can be a great way to boost your bank account. And you don’t have to commit to a nine-to-five to bring in additional income. If this sounds like the makings of a great way to spend retirement, law firm Simon, McKinsey, Miller & Stone offers some ways you can bring in more money.
Contact Information
2750 N Bellflower Blvd Ste 100
Long Beach, CA 90815
Monday - Thursday: 9:00 am - 5:00 pm
Friday: 9:00 am - 3:00 pm
Closed from 12:00 p.m. – 1:00 p.m. for Lunch
