What to Expect in Your 40’s
We experience several milestones throughout our lives, particularly when we pass from one decade to the next. The responsibilities we carry in our 40’s differ greatly from those in our 20’s. Regardless of our phase in life, we are likely to encounter a host of legal matters. With a Legal Resources Legal Plan, you reap a number of legal benefits and are guaranteed coverage and assistance through each and every phase.
This week’s post focuses specifically on the Legal Life Events of forty-somethings. The population of parents, seasoned homeowners, and family caretakers are now fully integrated in real-world responsibilities and are ready to tackle life’s most common legal life events.
For many parents, having a teenage driver is a double-edged sword. Parents no longer have to wait in the carpool line or race from work to soccer practice. Instead, their son or daughter can now drive themselves. This newfound independence comes with equal parts pride and worry. Teenage drivers are more likely to cause an accident or receive a speeding ticket than any other drivers. With each incident, the cost of car insurance goes up, too. Contrary to popular belief, children are no strangers to legal trouble, especially behind the wheel.
Home Refinance & Property Disputes
You still have several years to pay toward your home loan and interest rates are at an all-time low, so why not refinance? Having a legal plan can significantly reduce the cost of a refinancing your home. It can also save you substantial time and money when dealing with property disputes. Common disputes include contractor disagreements, tenant-landlord issues, and other problems caused by others infringing upon your homeowner rights.
Caring for an elderly loved one is no small feat, especially when parents of forty-somethings’ are involved. Elders with health issues or without solidified end-of-life plans may benefit from forty-somethings assuming responsibility of their medical and financial decisions. An attorney can walk you through the necessary steps to establish a power of attorney for your parents and help them finalize their will, medical directives, and other legal documents. Completing such documents can prevent probate on family ho