We hope that your children get to enjoy your loving care for many years to come. But what if an unforeseen accident should occur in your life? You can use your estate planning to protect your minor children. There is no substitute for you, but there are ways to look after your kids, even if you pass away unexpectedly. Here are a few important tips:
- Appoint a legal guardian – The children need to have somewhere to go if left without parents. A good family friend whom the children like and that is up to the responsibility is important.
- Set up a trust fund – A trust fund can allow you to provide financially for your children. While the bulk of the funds may not become available until the children come of age, you can allow dispensations for certain events such as if your child graduates early and needs money for college before he or she turns 18.
Don’t Leave Your Child’s Future to Chance
Sure, it will be better if your estate planning doesn’t take effect for many years because you live to see your children grow up, get married, and have kids of their own. But you can’t leave things to chance. Planning ahead will protect your child in case you are tragically taken from their life by an accident or illness.
The compassionate estate planning attorneys at Petrov Law Firm will be happy to help walk you through the process of setting up an estate plan in California. To learn more, call our offices today at 619-344-0360.Read More
When it comes to estate planning, there are some common mistakes that people make. Here are some of the big ones, and why you don’t want to make the same errors.
- Leaving it for later – An accident can happen to anyone. Don’t leave your legacy up to chance simply because you don’t like thinking about your own mortality.
- Never doing it – Some people have the mistaken impression that estate planning is only for people who have millions of dollars. Regardless of the size of your estate, you should be planning ahead for the future. Estate planning is about more than just money.
- Not planning for medical emergencies – Sure, you have plans for when you die, but what about if you live? Whether you are in a coma or are just temporarily incapacitated, you want a plan in place so that someone can look after your material possessions until you regain the ability to do so or you leave them to your beneficiaries. It is this in-between gap that many people fail to plan for.
Planning for Your Future the Smart Way
If you want to plan ahead for your future in southern California, then enlist the help of the qualified estate planning attorneys at Petrov Law Firm. We can help you to avoid the pitfalls of estate planning so that things go as you plan, even if you are not there to see the plan through yourself. To get started, call 619-344-360 and schedule a consultation today.Read More
If you have been injured in a slip and fall accident, the first thing on your mind is probably receiving the proper medical attention. That is the right priority. Is there anything else you should think about while you are waiting for medical services to arrive? Here are a couple of reminders.
- If you can, take pictures of the conditions that led to the injury. Was the floor wet? Was the wet floor sign placed in a way that obscured its view from the direction you were walking? Was there some old carpet that had become bunched up? Was there some broken walkway in need of repairs?
- Report the injury and how it occurred to the owner of the location (or a manager on duty). Also, you should report how the injury occurred to the medical professional who treats your injuries so that there is a record of how it happened. Finally, be sure to report the facts to a California personal injury attorney so you can attempt to get compensation for your medical bills and any other losses you may suffer as a result of the injury.
The Personal Injury Attorneys You Can Trust in San Diego
Petrov Law Firm is your source for representation in personal injury cases in southern California. We have the experienced attorneys you need when you are recovering from an injury, are burdened with medical bills, and may have missed work due to the injury. Call 619-344-0360 today in order to schedule a consultation.Read More
Distracted drivers cause accidents that can lead to serious injury or even fatalities. How can you protect yourself and your passengers? While you can’t control other drivers, you can do your best to ensure that you are not distracted while operating your vehicle. Here are some common distractions to avoid.
- Phone – Whether a person is using a phone legally or illegally, it is still a distraction. The best thing to do is let a passenger hold your phone during the drive. If you are alone, any calls or texts can wait. If you are expecting an important call, be prepared to pull over.
- Dashboard dining – Eating at the wheel can be a big distraction, especially if it is something like a big messy burger, which is what most people stop for when on the road. Try to eat before you leave for a drive and plan time to stop and get out during long trips. It will be good to stretch your legs anyway, and it’s safer than eating and driving.
- Media – From books, magazines, and newspapers to music and video content, we are inundated with media on a daily basis. Music isn’t a bad form of media for a drive as long as you are not distracted playing with the radio dials. Reading and watching videos should wait until you arrive at your destination.
Car Accident Injury Attorneys in San Diego
If you have been injured by a distracted driver, you need the help of our California personal injury attorneys. Call Petrov Law Firm today at 619-344-0360 to learn how we can help to ensure that you receive a fair settlement.Read More
You may recognize some of the benefits of leaving your estate to heirs by means of a trust rather than simply executing a will. It is a great way to avoid having your funds tied up in probate battles. However, you need to understand the different types of trust.
An Irrevocable Life Insurance Trust
When you are leaving a life insurance policy to a beneficiary, you want to protect the funds from creditors. You can also add other funds to the trust besides the life insurance money. You can even designate funds in the trust to be used for paying the policy premiums while you are alive, ensuring that there is never a delayed or missed payment that could result in the policy being withheld from your family. The trust is considered irrevocable because only you can modify the trust while you are alive or your beneficiary after you pass on.
A Revocable Living Trust
This is a great way to set aside funds for loved ones while still being able to adjust the trust at any time while you are alive. You can establish a successor trustee to ensure that your beneficiaries receive the funds as directed by the trust. You can even make the trust your life insurance beneficiary. Since the trust is revocable, you can take trust distributions while you are still alive. When you die, it automatically transfers to your beneficiaries and becomes irrevocable.
Help Establishing Trust Funds in California
The estate planning attorneys at Petrov Law Firm will be happy to help you determine what sort of trust is best for you and your heirs. To learn more, you can call our San Diego office at 619-344-0360.Read More
If you are a resident of the state of California, one of the things that you have to think of when it comes to estate planning is how you want medical matters to be cared for should you ever become incapacitated. This makes decision making easier on the family because they know your wishes, so there is no fighting.
In order to ensure your wishes are carried out, you will want to execute an Advance Healthcare Directive. Not only can you outline your medical wishes, but you can also designate a representative to carry out your wishes or make decisions for you if you are unconscious or otherwise unable to speak for yourself.
Another document that you may want to consider is a living will. This allows you to make end of life decisions in advance. That can remove the burden from family members should you ever be in a situation where all that is keeping you alive is a machine at the hospital.
Finally, you will want to provide the proper HIPPA authorization documents so that your doctors can share your medical information with the person you have designated as a healthcare agent. Being able to speak directly with the doctor or facility you are in will make it easier to ensure your wishes are carried out.
Comprehensive Estate Planning in California
Petrov Law Firm in San Diego can help you to plan properly for your future healthcare. To learn more, contact us today at 619-344-0360 and schedule a consultation with our experienced estate planning attorneys.Read More
In one recent year, bicycle accidents cost the US economy $222 million dollars in lost work and medical bills. Do you regularly ride a bike for recreation or for your work commute? If so, follow these simple tips to reduce the risk of accident and injury.
- Assume drivers don’t see you – Sadly, most drivers are too distracted to notice a cyclist. Whether it is a smartphone or just their own thoughts that are getting in the way, you need to ride defensively and assume drivers haven’t noticed you.
- Signal when turning – This is a bit of a two-edged sword. You need to use hand signals to let drivers know when you are making a turn, but you also have to ride like drivers won’t understand your hand signals. So use the signals, but don’t rely on them. Even better – get actual signal lights for your bike.
- Wear something reflective – This is especially important if you ride at night. Reflective clothes make drivers more likely to see you. Head and tail lights for your bike help even more.
Hopefully, these tips can help keep you safe. However, if you become the victim of a bike accident injury, we’re here to help.
Bike Accident Injury Attorneys in San Diego
Petrov Law Firm has the caring personal injury attorneys that you want on your side when you have been the victim of an accident. Contact us today by calling 619-344-0360 to learn how we can help you to receive compensation for your medical bills and lost wages.Read More
If you have been injured and are seeking compensation, there are a few things that your personal injury attorney will need to know in order to assist you. Here are the most important things to keep in mind.
- How were you injured? – There are a number of ways that you could have suffered your injury. Everything from a car accident or a dog attack to a slip and fall or medical malpractice may call for compensation, but the rules regarding each type of case vary.
- How long ago were you injured? – Unfortunately, some victims wait months or even years before seeking legal Since the statute of limitations is different for various causes of injury, you don’t want to seek a settlement after it is too late.
- Who is the responsible party? – Obviously, you can’t seek compensation if you hurt yourself, but in many cases, there is another party that is to blame for the injury. Whether it is a driver on a cell phone or a company that sold a product they knew was defective, you don’t want to go into a settlement alone or you are sure to receive a minimal offer.
The Personal Injury Attorneys You Can Trust
For trustworthy personal injury attorneys, contact Petrov Law Firm in San Diego. Our experience in helping clients receive settlements in personal injury cases can help you to maximize the compensation you receive. Before you sign anything from the offending party, call 619-344-0360 to schedule a consultation.Read More
Mental illness is increasingly common in the world today. If a relative has an illness, it doesn’t make you love them any less or want to take care of them any less. Therefore, your estate plan needs to be able to help you provide the support you want your loved one to have while compensating for the fact that he or she may not be able to manage the money alone. Here are a few tips to help guide you.
- A loyal and compassionate trustee. By appointing the right trustee over any trust that you leave to your loved one, you can ensure that the funds will be used for your loved one at the right times and in the proper amount.
- Controlling what funds can be dispensed for. Perhaps your loved one doesn’t need someone to care for him or her, but is still concerned about things like impulse spending or squandering the inheritance in other ways? Structuring the inheritance so that funds are only released for certain types of expenses is a good way to protect your loved one.
- Covering voluntary treatment costs. You can structure the trust so that your loved one receives a dispensation when he or she seeks medical care relating to the condition. This may move your loved one to see the high value of proper treatment and may provide the funds necessary to get the right care without the guilt of how expensive medical treatment can be in the US.
Discretionary Trusts and Other Estate Planning Methods in California
At Petrov Law Firm in San Diego, our estate planning attorneys will be happy to help you plan for the future needs of your loved ones. To see what types of estate planning are best for your family, contact us today at 619-344-0360.Read More
Usually, people are encouraged not to waste their time worrying about things that may never happen, but when you are working on an estate plan, you do have to think about certain scenarios that may be unlikely but that would seriously affect your plans. Here are three “what ifs” that your estate plan should account for.
- What if there is a family conflict after I die? A big inheritance can bring out the worst, even in families that are very close-knit. The best way to protect your loved ones is to be very explicit about who gets what. You may even choose a non-family member as your executor.
- What if my mate and I die together? If a tragedy should occur such as an accident or a disaster, this is a possible scenario. Plan ahead by outlining succession in your estate plan and be certain to include plans for the care of minor children should they lose both parents at once.
- What if I die in another country? If you regularly travel or live in another country for part of the year, be sure that dying in another country will not affect your estate plan. You may need the assistance of a lawyer from the country you spend a lot of time in along with your local estate planning attorney.
Crossing the T’s and Dotting the I’s in California
For California estate planning, contact the attorneys at Petrov Law Firm. Our experienced and compassionate lawyers can help you to plan ahead for all of the “what ifs” so that you can have the peace of mind you deserve. Call 619-344-0360 to get started today.Read More