Author: Oh Family Law

What Is Estate Planning And Why Should I Think About It When I’m Writing My Will?

If you’re thinking about writing your first will and putting your affairs in order to simplify things for your loved ones in the case of your passing, you might have heard about estate planning. It’s a term that pops up from time to time, but most people don’t really understand what it means.

It’s important to understand that estate planning is not the same thing as writing a will. If you’re interested in finding out more about it and whether or not it could work for you, you should speak to a financial planning specialist.

However, I’ve put together a quick guide to estate planning and when it should be used to help you get started.

What Is Estate Planning?

Put simply, estate planning involves putting together a detailed plan for your estate in the event of your passing. It’s designed to make sure that the right beneficiaries receive what’s intended for them, to reduce the amount of tax you pay as much as possible, and to make sure that any minor children are taken care of.

Your estate effectively includes everything that you own. This stretches through physical assets, digital assets, property, cash, and anything else with financial or monetary value.

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Understanding Data and Privacy – How Can a Commercial Lawyer Help?

Many modern businesses are data driven, making decisions based on information collected from their customers, from the people who visit their websites, and from a range of other sources. However, the collection of such data carries with it a range of responsibilities.

As a business owner, it’s important to understand what responsibilities you have with respect to people’s data and privacy. If you don’t, you could quickly find yourself in trouble with the law. The experience of a commercial lawyer who is trained in consumer data and privacy law will be invaluable to you, and you should consider working with one to make sure that you’re not breaking any laws.

In this article we’ll have a quick look at big data – what is it, how is it used, and what are your responsibilities. We’ll also have a quick look at the ways a commercial lawyer can help you manage your data and privacy responsibilities.

What is meant by ‘data’?

In this sense, data means any information that you collect from or about people who interact with your business in some way.

You might collect this information without customers knowing – in which case you have to make sure that you’re not breaking any privacy laws. Alternatively, a lot of businesses collect data through things like customer satisfaction surveys.

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