Practical wisdom, trusted advice

Why Must You Draw Up A Will?

law-advice-blogIt is a common misconception that people in high societies with estates only need to draw up a will. This is completely false. Regardless of how small or big it is everyone must have something that you own and that makes them eligible to draw up a will. A will describes how you want everything to be conducted after you die. Here are some reasons to convince you to draw up a will.

Children
It is important to have a will if the children are minor. Also drawing up a will for a minor allows you to nominate a guardian who will take care of them in case you pass. If you do not mention anyone, the state can pick which means your children will be under the care of someone whom you would not have wanted.

law-adviceStuff That You Won
If there is no will, the state laws depending on where you live will decide what must happen to your property. Usually, the person who is titled in your name when you die gets it. Instead, if you make a will, you get to pick who gets what and distribute all your items to your family members depending on your wish. You can also include all your digital accounts such as emails, iCloud, etc. so that no one misuses anything.

Eliminate The Chaos
Losing someone we love is terrifyingly difficult. It might take months before you come to accept the loss. It is stressful and can make a person very emotional. Leaving a will is your contribution towards reducing any unnecessary confusion people might face if you are not there. If there is no will, the state will not allow anyone to access your account which can be a financial stress on the family. It also encourages any unnecessary arguments between your family members about your stuff.

Therefore, speak to a lawyer today and draw a will today to help your family even after you are gone.

Doing The Name Change In Legal Terms

family-lawAnyone can change their name into anything they want. Why would anyone change their name? There are many reasons as to why they would do so. Changing your name is not easy and there are many legal barriers that you have to cross before doing it. It also comes with certain limitations.

family-lawA name change cannot be done for escaping any debit or criminal activity. Likewise, changing the name for the sake of doing a crime is also illegal. Name change for misleading people is also a bad idea. Therefore, you need to have a justifiable reason as to why you want a name change. Also, your new name cannot have numerals or resemble any celebrities.

One of the most common reasons for the name change is marriage. You and your spouse can get a marriage certificate and get to the government office for name change process. Failed marriage leading to divorce is also another reason for the name change. Divorce decrees will help you in changing your name to your maiden name. You can approach a local courthouse to understand what would be the requirement for the name change and carry the necessary paperwork for undergoing the process.

Alternatively, you approach a lawyer who can help you to get this sorted out.

Data Breach And How To Handle It

data-brenchOf late data breach, has become so common that companies are hitting a brick wall in trying to understand how to stop them. Recently, Yahoo admitted that more than 500 million or a billion of its user’s confidential information has been leaked and that this breach happened in the year 2014. This could well be the largest data breaches in the history. The company now has lost its face with the public as well as federal regulators. They are not subjected to a class action suit for negligence.

A quick search will tell what kind of measures the company can do to eliminate the risk of data breach. Each company has their server and information security policies that are intended to help the company. However, none of these systems are perfect and hackers understand these loopholes perfectly to manipulate them and steal information. Here are some tips for you to remember when you think of data security.

data-brechOne of the most important factors in data security is that the Federal Trade Commission Act is the general consumer protection that is aimed at preventing unfair and deceptive practices. FTC used its authority to enforce that businesses should take efforts for protecting any personal information.

The securities and exchange commission has the authority to bring enforcement actions under certain conditions. They are responsible for checking whether the company made a serious effort to protect information, how the data was breached, and how much harm has done because of the data breach. If the SEC finds out that the company has failed in any of this, they are eligible for negligence and eliminates any chance of having a way back.

If the companies could understand each of these clauses, they can make efforts to protect the data better.

Legal Tips For First-Time Renters

legal-tipsWith the summer jobs coming to an end and it’s time to return from the family vacations. It’s time for college students to think about where they are going to live. If you are looking to stay in an apartment instead of a dorm, there are many things you need to keep in mind.

home-buying-tipsDiscuss with your landlord and get all the terms written down. This contract is called as a lease. It will cover factors such as duration of the tenancy, day to pay the rent, any additional fee for being late on the rent, what activities the landlord would do etc. Speak to someone you trust or with your family member before doing this.

As parents, make sure that you and your child has a copy of the original as well as a copy of the lease agreement. Store it in a cloud or over the internet so that you can get access to it anytime. In case you are going to support your child in making the payments, ensure that you have also signed the agreement in addition to your child.

This will also be a good time to think about how the long the lease is for and what kind of things you agree to before getting to live with a stranger.