The Benefits—and Risks—of Giving Children Their Inheritances While You Are Alive and Well

As we navigate the complexities of family financial planning, a compelling concept emerges: distributing inheritances while still alive. According to a Merrill Lynch retirement study, 60% of individuals over 50 prefer this approach, desiring to witness the tangible impact of their generosity. This article delves into the benefits and potential pitfalls of early inheritance, offering […]

How Durable Powers of Attorney and Safe Harbor Law Firm Protect Seniors from Incapacity

Incapacity is a major concern for many seniors and their families. Legally, incapacity refers to the inability to make sound decisions regarding one’s personal or financial affairs. Without proper planning, this can lead to significant challenges, especially in managing assets and medical care. This is why Safe Harbor Law Firm strongly recommends that clients establish […]