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Category: Personal Family Lawyer

4 Ways Wise Planning Can Protect Your Family’s Assets

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,… Read more »

3 Warning Signs of a Financial Scam

Nobody likes to admit they’ve fallen for a financial scam, but the fact is, it’s easier than ever to get caught up in one. This is especially true in today’s all-digital world, where practically every shred of data related to your personal and financial background can be found online.  While no one is forcing you… Read more »

The Real Cost To Your Family: Not Planning For Incapacity

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 place to protect and pass on your wealth and other assets is a fundamental part of the planning equation. However, providing… Read more »

5 Estate Planning Must-Dos if You’re Getting Divorced—Part 2

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. http://rantala.com/blog/2019/04/23/5-estate-planning-must-dos-if-youre-getting-divorced-part/ 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… Read more »

5 Estate Planning Must-Dos if You’re Getting Divorced—Part 1

5 Estate Planning Must-Dos if You’re Getting Divorced—Part 1 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… Read more »

4 Critical Estate Planning Tasks to Complete Before Going on Vacation

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… Read more »

6 Questions to Consider When Selecting Beneficiaries For Your Life Insurance Policy—Part 2

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. http://rantala.com/blog/2019/04/02/6-questions-to-consider-when-selecting-beneficiaries-for-a-life-insurance-policy/ Here we cover the final half.  Selecting a beneficiary for your life insurance policy sounds straightforward. But given all the options available and the potential for unforeseen problems, it… Read more »

Understand What’s At Stake Before Agreeing to Serve as Trustee

Being asked by a family member or close friend to serve as trustee for their trust upon their death can be an incredible honor. At the same time, however, serving as a trustee can be a massive responsibility—and the role is not for everyone. In fact, depending on the type of trust, the assets held… Read more »