News & Resources: Blog

Introducing the Young Adult Dependent Program

Published: June 3, 2021

When you are young, healthy, and energetic, the feeling of indestructibility is understandable and, even for us older folk, very relatable. Believe it or not, we were there once. The idea that no matter what life throws at you, you will bounce back, maybe slightly scarred but with no long-term concerns, is common amongst the majority of young people. However, if serious issues do arise, whether in regards to your physical health or financial stability, it makes sense to have a plan in place. While you may still be covered under your parent’s healthcare plan and perhaps are even still being financially supported by them, in the eyes of the law once you turn 18 years old you are an independent adult, with all of the adult responsibilities that come with it. Unlike before, if something were to happen to you, legally speaking, your parents are no longer in a position to speak for you.

The team at Scott Bloom Law is pleased to introduce our Young Adult Dependent Program, specifically developed to help you as you enter legal adulthood. Being prepared for any crises that may arise as you enter adulthood allows for peace of mind for you and your family. Having the proper paperwork in place now can help you avoid undue stress in the future if you were to face an unexpected crisis. For example, granting your parents Power of Attorney allows for them to speak on your behalf on financial and medical issues if you are unable to. While we understand you are at a time in life where these matters may seem trivial and unimportant, our team has unfortunately dealt with families faced with these types of issues in the past. Their lack of preparedness made things very stressful and costly. With your independence comes a responsibility to protect yourself and make things easier for your loved ones. This includes having the proper paperwork in place so that your wishes are spoken for, even if you are unable to. It is always best to be prepared and by utilizing our program, you will be ahead of the game. Live for today but plan for tomorrow.

Contact the team at Scott Bloom Law to schedule a free consultation and to find out how we can help you make the most of your independence.

At Scott Bloom Law, we are a team of advocates who care, always fighting for what’s best for our clients and their families. Visit us at scottbloomlaw.com or call 215-364-1111, to talk to find out more.

CLIENT Testimonial

Sometimes after a loved one passes away, the family learns of things they were unaware of while the loved one was living. This was the case for one of our clients, Sam, after his father Tom Jr. passed away. Sam was always under the impression that the home he had grown up in, and that his father had lived in until his death, was owned by Tom Jr. To say it came as a surprise that it was indeed Sam’s grandfather, Tom Sr., who was the actual owner of the home, is an understatement.

Apparently, when Tom Sr. had passed away nearly 40 years ago, there was no proper estate plan established. Now, Sam would need to open his grandfather’s estate, resolve tax issues that were never addressed, and then go through the legal process to make the home a part of his father’s estate. At first, Sam believed that the entire process would be easy enough for him to handle on his own. However, after digging a little deeper, he quickly realized he would need the help of a knowledgeable and experienced attorney.

Sam reached out to Scott Bloom Law and we developed a game plan for moving forward. We began by probating Tom Jr.’s will and, after some time, we were able to settle the estates of both Tom Sr. and Tom Jr. While it was no fault of Sam, this is a great example of the importance of having an Estate Plan in place. No one wants to leave their families in precarious situations after they pass. The long-term purpose of setting up an Estate Plan today is to preserve as much of your wealth as possible for the intended beneficiaries and retaining a capable attorney can help ensure all of your wishes are met.

At Scott Bloom Law, we are a team of advocates who care, always fighting for what’s best for our clients and their families. With knowledge, experience, and compassion, we strive to find solutions that make the aging process as emotionally and financially easy as possible. Visit us at scottbloomlaw.com or call 215-364-1111, to talk to find out more.

- Case Study: Estate Administration

PRACTICE Areas

NEED Legal Help?

Schedule An Appointment

Call Today: 215-364-1111
Toll Free: 855-992-6337

Schedule Your Free Consultation

At Scott Bloom Law, we strive to provide excellent client service and will contact you as soon as possible. Send us an email, or call us to speak to someone directly.

Email Us Call Toll Free

CLIENT Testimonial

This question is asked all the time: “Wouldn't it be easier to get a will off the internet, transfer my land when I die, and put my children on my bank account?” It’s just not a good idea. For the plan to work as you would want it to, it should account for plenty of complications. A good plan should protect your spouse and your children from the loss of valuable government benefits if anybody is or becomes disabled. The plan should avoid the delay and expense of probate court. The plan should protect money from children’s creditors or divorce or remarriage. It should be crafted to serve family harmony and to avoid disputes between children as joint owners. Even a relatively simple situation is made up of many moving parts. Internet documents and joint-ownership devices just won’t do the job.

Also, assembling the moving parts so they work smoothly is just the first step. Your estate plan needs maintenance too, just like your car has a “check engine” light. Major family events like serious illness or death, marriage, birth, or financial reversals are alerts that you should tune up your plan to reflect those changes. Your plan shouldn’t be “one and done.”

It takes expertise to coordinate the various strategies available. Don’t risk a result that will cause your family problems and unnecessary expense. Call us to create a plan that harmonizes the moving parts, so the gears will work together and you will leave the legacy you intended. We hope you found this article helpful. If you have questions or would like to discuss your legal matters, please do not hesitate to contact our office at 215-364-1111 to schedule a consultation.

- Creating an Estate Plan On Your Own: Think Twice

PRACTICE Areas

NEED Legal Help?

Schedule An Appointment

Call Today: 215-364-1111
Toll Free: 855-992-6337