The Struggles of an Aging Parent

February 26, 2018 3:22 PM Tyler Edmondson

The Struggles of an Aging Parent

Getting old is just a fact of life. It’s something that cannot be avoided. Many of us will age, and our parents will age ahead of us. Your parents took care of you as a young child. They were there for you through all the heartache and injuries and support that you needed. Now in their golden years, they need you to be that support for them. As they age, their health is going to deteriorate, and they’re going to need assistance. There will be several types of aid that they are going to need. There is, of course, financial assistance. They also may need physical help like help bathing, getting dressed and they’re going to need help preparing their food. That’s the cruel trick of nature as you age you lose your independence.

Power Of Attorney

Part of supporting your parents at this age is to take responsibility for their finances and their health. The elderly can get confused easily and make them easy targets for scammers. Or in regards to medical issues, not make the best decision for their health. These are common problems that anyone who has dealt with an aging parent has experienced. It is for this reason that it is advised that you assume power of attorney over your parent’s finances and healthcare. If your parents are no longer able to make decisions on their own, it is for their benefit that you do so. If you do not assume power of attorney then legally your parents will still be left to make their own decisions, and as you’ve seen, that is not the best option. It will be hard, and it is possible you may receive resistance on this, but you need to practice some self-reflection and decide if it is the decision that is right for you and your family.

Family Law Attorneys

If you have reached a decision and need help assuming power of attorney over your parent’s, then you must make sure to pick the right firm. You need to make sure to pick a law firm that has experience in family law. Edmondson Law, PLLC is a firm that does indeed specialize in family law and will help you all along the way during this difficult process. So if you need to assume power of attorney over your parents then please don’t delay and give us a call.

Information, Not Legal Advice. We provide the information on this website as a public service. The legal landscape is constantly changing and being modified by state law and case law. As a result, we cannot promise that this information is always up-to-date and reflective of the most current jurisprudence.

We do not intend this information to be legal advice. By providing this information, we are not acting as your lawyer. If you need legal advice, you should contact a lawyer through our number (972) 442-8326 or contact another attorney of your choosing.

Do Not Leave Your Family in a Bind

February 19, 2018 4:30 PM Tyler Edmondson

Do Not Leave Your Family in a Bind

No one wants to think about death. The harsh reality, however, is that death is an inevitability. Your passing will no doubt be very hard on the people who love you. The last thing you would want to do is to make things harder for them. Sadly, many people do not have enough foresight to realize the pain they will cause after they leave and do not have their affairs in order. This causes a wide variety of troubles within the family such as infighting petty disputes and heartbreak. Most of this fighting is directly related to the fact that family members simply do not know what the departed truly wanted. Families can be torn apart because of such issues. This, of course, is truly a tragedy.

The Value of Planning Ahead

We understand you do not want this to happen to your family. This is why it is important that you think ahead and make sure to have a final Will and Testament in place. With a final Will and Testament in place, your loved ones will know exactly what your desires were and what you wanted. This will ensure that no one will fight or argue or get upset about how your estate will be handled after you pass. This way everyone can concentrate on getting through your loss instead of worrying about what other members of the family are trying to pull over on them. You, of course, may think that your family is above this. We all like to think the best of our loved ones. The reality, however, is far different. It is simply human nature that cannot be avoided. That is why steps must be taken now to ensure there is no trouble later.

Estate Planning and Probate Attorney

If you don’t want to leave your family in a bind when you pass and want to create a final Will and Testament so that your wishes will be known with no dispute, then you need a skilled law team to oversee this. Edmondson Law is comprised of a team of skilled lawyers that know and understand the legal system. Our law team will help you through this process to ensure that a proper legal document is drafted and the right measures are taken to ensure a smooth transition of your estate after you have passed. Let your great legacy live on and let people remember who you were instead of worrying about the stuff you’ve left behind. If you are ready to make a final Will and Testament, then don’t delay and give our offices a call at 972-442-8326 or visit our website at www.wylietxlaw.com.

Protect your Assets

February 12, 2018 1:15 PM Tyler Edmondson

Protect your Assets

So, you have found the love of your life, and the two of you have decided to tie the knot. We could not be happier for you and will be the first to congratulate you on this lifelong commitment. Before you tie the knot, we would suggest, however, to take a step back and think about things. What is your current net worth? What investments do you have? What property or business do you own? All of these things have nothing to do with your significant other. You are the one that has made these investments or have built these companies. If you two were to get a divorce a few years down the road, it is possible your husband or wife will be entitled to part of your investments or capital that you had built before the marriage.

Pre-Marital Action

You have to ask yourself if it is really worth the risk to lose all of the work you have poured into something because of a nasty divorce. The answer is, more than likely not. The best way to protect your pre-marital assets is to form a pre-marital agreement. In a pre-marital agreement, you will line out what is off the table in the event of a divorce. Your fiancé would surely understand that they did not help to build these investments and should understand your concerns and willingness to prepare for the worse. With a pre-marital agreement in place, there can be no debate as to what is on the table for the split up. That way you will not have to worry about losing everything you built before the marriage.

Edmondson Family Law Attorney

You can not make a pre-marital agreement a mutual understanding. The agreement must be drafted as a legal document in order for the courts to recognize it. Like all legal documents, the best way to make sure that your interests are protected is to have an expert law team to draw up the paperwork. Edmondson Law, PLLC is a law firm in the Sachse, Murphey, Wylie area that specializes in family law and will be able to help you draft up the necessary paperwork to ensure that your assets are secured before you take that next step. Call today and set up an appointment at 972-442-8326 or www.wylietxlaw.com.

The Joys of Non-Profit Organizations

February 5, 2018 1:01 PM Tyler Edmondson

The Joys of Non-Profit Organizations

Non-profit organizations are a great thing for society. Most worthy endeavors are to try to better society, and the goal is not to make profits but rather to do good deeds. The goal of a non-profit is not to gain profits at the expense of others, but typically to enrich the lives others. There are a variety of non-profits groups that have many focuses. Some may be to feed the hungry, while others may simply focus on spreading information. No matter the focus, people who take part in non-profit organizations find them very enriching.

Complications of the Non-Profit

As great as non-profits are, they are not simple to create. The non-profit organization is a corporate entity, and as such it must comply with business law. This is indeed a very intimidating endeavor to someone who does not really understand the ins and outs of business law. The reason why corporate law applies to non-profit organizations is that of the tax codes that are in place. The IRS must make sure that the non-profit is truly non-profit and as such can maintain its tax status. If this were not in place, then many cooperation would claim to be non-profit organizations. This is not fair to those that do truly wish to perform good works. So, if you truly have the calling to perform good deeds then do not let the daunting task of forming one stand in your way.

Wylie Business Law Attorney

I know what you are thinking, “how can I navigate these legal waters to realize my goal?” The answer is simple. Hire a well-versed law team to help you on your way. The right law team will be able to help you navigate the tricky waters to create your non- profit organization. If you want to form a non-profit organization in the Wylie, Sachse or Murphy area, then please do not delay and contact Edmondson Law PLLC. Stop by or check out our site at www.wylietxlaw.com for more information on our services.