CUT THE FINANCIAL UMBILICAL CORD
HOW TO RAISE FISCALLY RESPONSIBLE ADULTS
Damages You Can Claim in a Wrongful Death Case When it comes to wrongful death, Georgia law examines what they call the “full value” of the deceased’s life. This includes economic and noneconomic damages. Economic damages include the loss of future wages, benefits, and more. Meanwhile, noneconomic damages are more subjective as they compensate for the emotional loss of a person’s companionship or care. Aside from these damages, estate damages aim to cover the sudden expenses involved after a loved one’s death. These expenses include medical bills, funeral costs, and more. You must work with a knowledgeable lawyer who can help you discover which damages you can file in a wrongful death case. Who Can File a Wrongful Death Lawsuit? Georgia follows a specific hierarchy of family members who can file a wrongful death lawsuit. First, the spouse is the initial person who can file a case after the wrongful death of a loved one. If the deceased was married, it has to be the spouse who brings the claim to court. If they were unmarried, the children are next in line and are the only ones able to file a claim. Lastly, if no spouse or child exists, the deceased’s parents are next in line. If you or someone you know has lost a loved one due to another’s negligence, then our team can help. Call our office at 229-888-0888 for legal guidance on navigating a wrongful death lawsuit. Open a bank account. If your child doesn’t have a bank account yet, it’s time to set up a checking and savings account for them. It’s a great way to provide them with financial independence while they still have access to your guidance. While credit cards can be scary to trust your learning teenager with, you should consider a prepaid credit card they can use to learn the ins and outs of how credit cards work while still having a safety net to protect their credit. Introduce them to the concept of interest. Interest can be beneficial or a disastrous hindrance, so your teen needs to understand how it works. While it can be beneficial for certain savings accounts, it can wreak havoc on credit card debt. Demonstrate interest with different real-life scenarios to show your teen how they can grow their money or rack up tons of debt. Whether your teen has just started earning their own money or is preparing to handle finances on their own, these simple tips can help you start training a fiscally responsible adult.
With death comes grief, which can become more challenging to deal with when it’s unexpected. Sudden expenses and unresolved emotions can make the unpredictable loss of a loved one life- changing, and if someone is at fault for this loss, you deserve justice. Georgia views wrongful death as when someone loses their life directly because of a person or company. Every state has different damages a party an claim in a wrongful death lawsuit. With varying state regulations, it’s best to learn Georgia’s laws and speak with an experienced attorney. WRONGFUL DEATH DAMAGES YOU NEED TO KNOW Adulting is all about doing your own laundry, cooking, and grocery shopping. It means making informed decisions about time management, organizational skills, and understanding how to be financially responsible. But how do you teach your teenager financial responsibility? Let's explore five important lessons your child needs to gain financial independence! Help them find opportunities to earn money. Before your teen can learn to properly manage their finances, they must first make their own money! If they don’t have a job, encourage them to begin the hunt. If your teen is still too young to hold a job, consider paying them for chores around the house or yardwork. Once your teen has a cash flow, you can then teach them how to separate it into spending money and cash to save.
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