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Blogs

Scarborough Law is working hard behind the scenes at keeping you up to date with the ever changing by laws and latest news updates. When it comes to legal matters, laws and policies are ever changing. Staying informed is pivotal. Our blog publications help our clients stay in the know about changes that may affect them.

  • Published: May 23, 2019

While most people assume only the uber wealthy need to worry about asset protection, those with less wealth and fewer assets may be at even greater risk. For example, if you’re a multi-millionaire, a $50,000 judgment against you might not be that big of a burden. But for a family with a modest income, home, and savings, it could be catastrophic. Asset protection planning isn’t something you can put off until something happens. Like all planning, to be effective, you must have asset protection strategies in place well before something happens. Plus, your asset protection…Read More

  • Published: May 9, 2019

 This is the first in an ongoing series of articles discussing the true costs and consequences of failed estate planning. The series highlights a few of the most common—and costly—planning mistakes we encounter with clients. If the series exposes any potential gaps or weak spots in your plan, meet with your Personal Family Lawyer to learn how to properly address them. When it comes to estate planning, most people automatically think about taking legal steps to ensure the right people inherit their stuff when they die. And these people aren’t wrong. Indeed, putting strategies in…Read More

  • Published: May 7, 2019

In the first part of this series, we discussed a couple of the most critical updates you must make to your estate plan if you’re getting divorced. Here, we’ll cover the last three of these must-do planning tasks. Because getting divorced can be overwhelming on so many different levels, updating your estate plan often takes a back seat to other seemingly more-pressing priorities. But failing to update your plan for divorce can have potentially tragic consequences, some of which you may have never even considered before. In fact, it’s critical that you update your plan…Read More

  • Published: April 25, 2019

Divorce can be traumatic for the whole family. Even if the process is amicable, it involves many tough decisions, legal hassles, and painful emotions that can drag out over several months, or even years. That said, while you probably don’t want to add any more items to your to-do list during this trying time, it’s absolutely critical that you review and update your estate plan—not only after the divorce is final, but as soon as possible once you know the split is inevitable. Even after you file for divorce, your marriage is legally in full…Read More

  • Published: April 22, 2019

One of the most common phone calls I receive is “I’m going on vacation tomorrow and need a will.”  Going on vacation entails lots of planning: packing luggage, buying plane tickets, making hotel reservations, and confirming rental vehicles. But one thing many people forget to do is plan for the worst. Traveling, especially in foreign destinations, means you’ll likely be at greater risk than usual for illness, injury, and even death. In light of this reality, estate planning and vacation time can go hand-in-hand.  You must have a legally sound and updated estate plan in…Read More

  • Published: April 12, 2019

In the first part of this series, we discussed the first three of six questions you should ask yourself when selecting a life insurance beneficiary. Here we cover the final half 4. Are any of your beneficiaries minors? While you’re technically allowed to name a minor as the beneficiary of your life insurance policy, it’s a bad idea to do so. Insurance carriers will not allow a minor child to receive the insurance benefits directly until they reach the age of majority—which can be as old as 21 depending on the state. If you have…Read More

Life Insurance
  • Published: April 8, 2019

Selecting a beneficiary for your life insurance policy sounds pretty straightforward. You’re just deciding who will receive the policy’s proceeds when you die, right? But as with most things in life, it’s a bit more complicated than that. It can help to keep in mind that naming someone as your life insurance beneficiary really has nothing to do with you: It should be based on how the funds will affect the beneficiary’s life once you’re no longer here. It’s very likely that if you’ve purchased life insurance, you did so to make someone’s  life better…Read More

Incapacity planning
  • Published: March 22, 2019

In late February, Luke Perry, who became famous starring in the 1990s TV series Beverly Hills 90210, suffered a massive stroke at age 52. He was hospitalized under heavy sedation, and five days later, when it became clear he wouldn’t recover, his family decided to remove life support.  His death teaches the importance of planning for incapacity. Perry died on March 4th, 2019 surrounded by his two children—21-year-old Jack and 18-year-old Sophie—along with his fiancé, ex-wife, mother, siblings, and others. Whether or not you were a Luke Perry fan, it’s hard not to be somewhat…Read More

1040 tax form and money
  • Published: March 19, 2019

Like many taxpayers, if you’ve already filed your federal income taxes for 2018, you may be surprised to discover you’re not getting a refund this time.  If so, this was almost certainly due to the sweeping tax overhaul made by the 2017 Tax Cut and Jobs Act (TCJA). Since personal tax rates were lowered by the TCJA, it’s natural to assume you would owe less taxes, not more. But as you may have discovered, this isn’t always the case. Seeing that the TCJA was promised to offer most people a tax break, understanding why you…Read More

  • Published: February 22, 2019

On February 20, 2019 the Department of Homeland Security/U.S. Citizenship and Immigration Services forwarded to the Office of Management and Budget their rule proposing “Removing H-4 Dependent Spouses from the Class of Aliens Eligible for Employment Authorization”.  After many months of waiting and threats, the administration is moving forward with elimination of employment authorization for H-4 dependent spouses. H-4 Employment Authorization H-4 dependent spouse of certain H-1B spouses are eligible for employment authorization since May 26, 2015.  The H-1B spouse must have an approved Form I-140, Immigrant Petition for Alien Worker and must have been…Read More

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