Lifescape Blog
Welcome to the Lifescape Law & Development blog! You’ll find updates from our office, about our events, and important information to help others thrive in whatever season they’re in.
Recent Posts
Understanding Special Needs Trusts
Special Needs Trusts are a critical tool in estate planning for individuals with disabilities. Please consult with legal and financial professionals to create a plan tailored to your family’s unique needs.
Appointing a Guardian
Who Will Take Care of My Kids if I Can’t? by Elijah Waugh Why Would you Appoint a Guardian? No one wants to think about becoming incapacitated or passing away prematurely. It can be difficult to imagine tragedy striking at any moment. However, tragedy can be...
What is a Power of Attorney & Why is it Important?
By Elijah Waugh A power of attorney is arguably the most important element of a thorough estate plan. This crucial document gives one or more individuals the authority to act on the signor’s behalf. This authority can be broad or limited in scope, can be immediately...
What is BOI Reporting?
Overview As of January 1, 2024, the bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, requires many companies doing business in the United States to report information to the Financial Crimes Enforcement Network (FinCEN) about the...
Is Your 18-23 Year Old Ready For The World?
Did you know when your child turns 18, you are no longer able to make financial or healthcare decisions for them? Being their parent does NOT allow you to make a decision for them if they are hurt, sick, injured and not able to speak for themselves. Here are some...
You Get What You Pay For: The Dangers of Self-written or Online Estate Plans
In the age of online do-it-yourself forms and wanting to save money, what are the pros and cons of self-written or online Estate Planning documents versus going to see an Elder Law Attorney? We often have people come in with their 1–3-page Durable Power of Attorney...
Why We Do What We Do
By P. Glen Smith How It All Started Through the little window, I could see her walking down the cinder block hallway on the other side of the steel door. She was sad, mad, weeping. At 7 years old, I couldn’t understand why my momma was wearing this restrictive...
Danger’s of Making Your Child Co-Owner of Your Assets
By: P. Glen Smith Granted, I've been preaching the message for decades and have a previous blog about placing your child on your accounts as a co-owner. But good folks just don't seem to understand the reason and importance of the message. An Estate Planning no-no is...
The Rising Need for Long-Term Care
By P. Glen Smith, J.D., M.Div. As the Baby Boomer generation continues to age and the population is living longer, the need for long-term care is greater now than ever before. Unfortunately, many older adults are unprepared for the high costs associated with long-term...
It’s Time to Prepare Your Financial Information
To bring yourself some piece of mind and to relieve your loved ones’ burdens in the future, you should prepare your financial information before you are no longer capable. It will ensure proper management of your financial situation and afford control over your end of life and legacy.
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