By the time you're a grandparent, the hard work should be over. Your kids are (hopefully) grown and self-sufficient, and you're either enjoying retirement or looking forward to doing so.
But the life of a grandparents isn't entirely carefree -- there are still some legal issues that can arise and are particular to grandparents. Here are five of the most important:
The best part about being a grandparent? The grandchildren, of course. But if you and your grandchildren's parents aren't quite seeing eye to eye, do you have any legal right to visitation or custody of your grandchildren?
Grandparents may want to be careful about what custody and visitation rights they do claim -- in some scenarios they may be on the hook for child support as well. Thirteen states have laws requiring grandparents to pay child support; do you live in one?
Getting a call from your grandchild is great. Getting a call from a scam artist posing as your grandchild in danger and asking for financial help in order to steal money from you? No so great.
It turns out there are state statutes, IRS provisions, and trusts that make it easy to leave money to your grandchildren and help fund their education, all while limiting your tax burden. Find out the best way to dote on them even after you're gone.
No one wants to dwell on dying -- not with all the living you have left to do. But having a plan in place, one of your own choosing, can ease your mind when it comes to making end-of-life decisions. And a living will is just one of the tools you have to make sure your wishes are honored.
Often, the best way to tackle legal issues is to have the best legal counsel. If you would like assistance with a legal issue you're facing, you can contact an experienced family or estate planning attorney near you.