Adulting.
It is a challenge to get through life.
Once you are out of college and on your own it can be overwhelming to keep up with all of the adulting that you have to do. From making sure that you have a will once you have children, to making sure that your aging parents are registering for Medicaid benefits to knowing when to ask for other kinds of legal help, life can get complicated.
Unfortunately, too many people make the mistake of not getting the legal advice that they need. In an attempt to save money, for instance, many people decide that calling lawyers will cost them more money than they can afford. Knowing that the legal process of many procedures that life requires, however, is actually the secret to many situations. When it comes to working on a will, for instance, what might take you months to complete, can be finished much more efficiently when lawyers are involved. Different states can have different requirements for everything from advance directives to special needs trusts. Even many real estate property sales and purchases are better completed if real estate lawyers are involved.
Consider how some of these situations where the help of knowledgable lawyers can be of help:

• Divorce questions are obviously not the only reason that people seek legal advice. Some families, in fact, keep a lawyer on retainer to serve any of the legal needs that they may have.
• Over 51% of Americans between the ages of 55 to 64 do not have wills and could benefit from the help of a legal team.






• You have assets in the six figures or higher and it is important to have a trust in addition to a will, as a way to minimize estate taxes and avoid probate.
• Overall, there are 7.4 million American mortgage borrowers with rates of 4.5% or higher who could qualify for, and would likely benefit from, refinancing their mortgages. Real estate attorneys can help you explore these options.
• Unless a person is exempt under a will, everyone is required to file an inventory with the Court within 60 days after an appointment, and same must be sworn to.






• Nearly 75% of uninsured Alabamians eligible for Medicaid are children who are already eligible. Unfortunately these children are not currently enrolled in coverage.
• Estates owned by individuals valued at less than $5.43 million, or $10.86 million for a married couple, are exempt from federal estate taxes.
• Even though a 20% deposit is often considered recommended, buyers can purchase a house with as little as 3.5% down with a Federal Housing Administration mortgage, 5% down with a conventional mortgage, or zero down with a Veteran’s Administration loan available to military veterans.
• Deed that read ?Owner 1 and Owner 2 JTROS? indicate that when one owner dies, the other owns it 100%.






• Living wills, which are also called advance directives, that belong to seniors increased from 47% in 2000 to 72% in 2010.
• Even the cost of your insurance can be impacted if you seek legal advice. For instance, the cost of insurance will vary by the property and the level of protection that is purchased, but it typically costs around 0.5% of the home?s purchase price. Lawyers can often help find the best rates.
• Getting a qualified estate attorney draft documents nominating a Health Care Proxy and a Durable Power of Attorney can cost between $500 and $1,500.
• Alabama House of Representatives approved a plan to cut state funding to the Medicaid Agency by $156 million prior to the year 2016. Legal representation helps people in every state know what funds are available.
• Lawyers and attorneys often specialize in certain areas. Make sure that you are working with legal representatives who are known for getting results in the field that you need.






• Having the name of a lawyer to call in the event of an emergency can help you seal with many unexpected situations.
• Even if you only have questions about a contract, a legal session may be able to help you.
• Learning about the available loan rates can help you find the best home loan. For instance, fixed-rate home loans can be 10 years, 15 years or 20. The most popular 30-year loan, however, makes your payment the lowest.
• Part of “adulting” is meeting your legal obligations and being informed.