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Our team of professionals will act as trusted partners as you tackle your legal problems. Our goal at Dever Law Firm is your peace of mind.

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Legal advice shouldn't come in the form of large hourly bills. At Dever Law Firm we value a personal touch to ensure that our clients' needs are met. We're here to help solve problems and act as trusted partners during some of life's most challenging times.

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Our team at Dever Law Firm have a vast array of personal and professional experiences that allow us to pratice in many service areas. Our knowledge isn't limited to one or two practice areas, which allows us to serve the broader needs of our clients, not just one specific legal matter.



wealth dangers

The 4 Most Dangerous Things You Can Do with Your Wealth 

The internet is full of cautionary tales of people doing stupid things with their money. From literally setting money on fire to buying games for your phone, people find new and original ways to waste the fruits of their labor. However, sometimes this waste turns into true dangers for your family and your long-term wellbeing. Here are four avoidable ways to truly harm your family wealth.

 1. Not having a transfer plan.

Having a family wealth plan serves as insurance that your assets will transfer the way you intend them to upon your passing. However, like insurance, if you do not have it in place when you need it, you cannot use it. A family wealth transfer plan prepares you for the unexpected by officially establishing how your wealth will be treated in a way that maximizes the return for yourself and the ones you care about the most.

 2. Placing it in the hands of someone you do not trust.

Allowing someone, even a family member, unfettered access and control to your wealth could end in disaster through the sheer power of greed. In order to ensure that your wealth is protected, have a professional install safeguards that will protect if you from becoming a victim. Generosity and charity can only extend as far as you are capable of extending them.

3.  Failing to maximize the return on your investments.

In order to maintain the spending power of your assets, you will likely have to take advantage of the tax benefits associated with certain kinds of investments. This can include investing your money in IRAs that defer tax, Roth IRAs that grow tax-free, and plans such as 529 plans that permit you to use tax-free growth for qualified purposes. Failing to use all the investment tools at your disposal not only leaves money on the table, but also hurts your ability to rely on your assets in the future.

 4. Spending without planning for your long-term care.

With the ever-increasing life expectancy, long-term care is becoming more and more of a planning necessity for families. Planning for this possibility ahead of time can ensure that your family maintains its wealth while ensuring that you receive the care you may require in a time of need. A proper plan strikes a balance between ensuring you can receive quality care while also securing your legacy.

Dever Law Firm LLC
9146 Cincinnati-Columbus Road
West Chester, Ohio 45069
Phone: (513) 823-2112

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