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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.

3 Deadly Sins Of Retirement Planning
  • Published: November 30, 2018

Retirement planning is one of life’s most important financial goals. Indeed, funding retirement is one of the primary reasons many people put money aside in the first place. Yet many of us put more effort into planning for our vacations than we do to prepare for a time when we may no longer earn an income. Whether you’ve put off planning for retirement altogether or failed to create a truly comprehensive plan, you’re putting yourself at risk for a future of poverty, penny-pinching, and dependence. The stakes could hardly be higher. When preparing for your…Read More

When Something Is Not Better Than Nothing - Part 2
  • Published: November 5, 2018

Last week, we shared the first part of this series discussing the hidden dangers of do-it-yourself estate planning. In part two, we cover one of the greatest risks posed by DIY documents. [When Something is NOT Better Than Nothing—Part 1] You might think you can save time and money by using do-it-yourself estate planning documents you find online. You’re probably anxious to check estate planning off your life’s to-do list, and these forms offer a seemingly quick and inexpensive way to handle this important task. You may even realize such generic plans aren’t as high quality…Read More

When Something is NOT Better Than Nothing—Part 1
  • Published: October 30, 2018

Go online, and you’ll find tons of websites offering do-it-yourself estate planning documents. Such forms are typically quite inexpensive. Simple wills, for example, are often priced under $50, and you can complete and print them out in a matter of minutes. In our uber-busy lives and DIY culture, it’s no surprise that this kind of thing might seem like a good deal. You know estate planning is important, and even though you may not be getting the highest quality plan, such documents can make you feel better for having checked this item off your life’s…Read More

To Live a Happier life, Start Thinking About Death Now
  • Published: October 10, 2018

Want to know a proven way to live a more fulfilling life? All you have to do is fully accept the fact that one day you’re going to die. “I am of the nature to die. There is no way to escape death.” -Upajjhatthana Sutta The unavoidable nature of death is a basic tenet found in every religion. Indeed, the acceptance of death is so important in Buddhism that “impermanence,” or the fact that everything born eventually dies, is at the top of the Buddha’s list of the three universal characteristics of existence. Before religious…Read More

Who Should Khloé Kardashian Choose as Legal Guardian For Her Child
  • Published: October 9, 2018

Who Should Khloe Kardashian Choose as Legal Guardian For Her Child - One Instance Where ‘Keeping Up With the Kardashians’ Might Be A Good Idea Name Legal Guardians For Your Kids Now – Click Here  You might not be a big fan of their typical life choices, but the Kardashians recently demonstrated impressive wisdom in protecting their minor children using estate planning. During a recent episode of Keeping Up With The Kardashians, Khloé Kardashian was preparing to give birth to her first child, daughter True. Khloé was second-guessing her initial choice to name her sister Kourtney as…Read More

Don’t Transfer Ownership of Your House to Your Kids Before You Read This
  • Published: October 2, 2018

With the cost of long-term care (LTC) skyrocketing, you may be concerned about your (or your elderly parents’) ability to pay for lengthy stays in assisted living and/or a nursing home. Such care can be massively expensive, with the potential to overwhelm even the well-off. Because neither traditional health insurance nor Medicare will pay for LTC, some people are looking to Medicaid to help cover this cost. To become eligible for Medicaid, however, you must first exhaust nearly every penny of your savings. Given this, you may have heard that if you transfer your house…Read More

Avoid This Major Mistake When Adding an IRA to Your Estate Plan
  • Published: September 24, 2018

Some people assume that because they’ve named a specific heir as the beneficiary of their IRA in their will or trust that there’s no need to list the same person again as beneficiary in their IRA paperwork. Because of this, they often leave the IRA beneficiary form blank or list “my estate” as the beneficiary. But this is a major mistake and one that can lead to serious complications and expense. IRAs aren’t like other estate assets First off, your IRA is treated differently than other assets, such as a car or house, in that…Read More

https://www.scarboroughlaw.com/2017-daca-update
  • Published: September 10, 2018

5 Things To Know About Trump’s Announcement To End DACA On September 5, 2017, U.S. Attorney General Jeff Sessions, on behalf of the entire Trump Administration, announced an end to the DACA program. Here are top 5 things you need to know about this announcement. Your Daca Is Valid Until Its Expiration Date. DACA and work permits (Employment Authorization Documents) will remain valid until its expiration date. To determine when your DACA and work permit expires, look at your 1-795 Approval Notice and the bottom of your Employment Authorization Document (EAD). No New Daca Applications…Read More

Aretha Franklin Dies Without a Will and Leaves Her Family to Deal With Court and Conflict
  • Published: September 10, 2018

Aretha Franklin, heralded as the “Queen of Soul,” died from pancreatic cancer at age 76 on August 16th at her home in Detroit. Like Prince, who died in 2016, Franklin was one of the greatest musicians of our time. Also, like Prince, however, she died without a will or trust to pass on her multimillion-dollar estate. Franklin’s lack of estate planning was a huge mistake that will undoubtedly lead to lengthy court battles and major expenses for her family. What’s especially unfortunate is that all this trouble could have been easily prevented. A common mistake…Read More

I Don’t Have Kids, So Why Do I Need Estate Planning? Part 2
  • Published: August 21, 2018

Last week, we shared the first part of our series on the importance of estate planning for those without children. If you haven’t read it yet, you can do so here. Here in part two, we discuss the other risks involved for those who forego estate planning. Someone will have power over your health care Estate planning isn’t just about passing on your assets when you die. In fact, some of the most critical parts of planning have nothing to do with your money at all, but are aimed at protecting you while you’re still very much…Read More

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