6 Causes of Wrongful Death

Losing a loved one through an accident caused by a negligent person is very painful. In such situations, you may want to do everything in your power to ensure the deceased gets justice. As the surviving spouse or relative, you have the right to file a wrongful death suit and recover damages from the liable party.

A wrongful death case is a way of seeking compensation for the wrongful death of a loved one. If you believe that your loved one lost their life through an accident caused by someone else’s negligence, you can hire a wrongful death lawyer and recover the damages.

To be eligible for a claim from a wrongful death suit, you need to be aware of the different situations that make a wrongful death claim. Here are six causes of wrongful deaths.

Automobile Accidents

These are the most common causes of wrongful deaths in the United States. Automobile accidents may include car, truck, and motorcycle accidents. Inattentive or intoxicated drivers are among the leading causes of death on the road. 

Therefore, approved relatives of a pedestrian using the road can seek compensation for wrongful death if they get killed by a driver or motorcycle rider.

Medical Malpractice

Medical malpractice is another leading cause of wrongful death in the United States. If your relative loses their life and you can prove that the actions or omissions of the health care provider caused the death, you can sue them or the hospital for wrongful death. 

A person’s death can occur through wrong prescriptions, misdiagnosis, emergency room errors, and surgical mistakes, among others.

Product Liability

Manufacturers, distributors, and retailers of products owe a duty of care to all their products’ consumers. If your loved one lost their life because of a defective product, you could sue the manufacturers, distributors, and retailers for wrongful death.

You can also sue for wrongful death if the manufacturers failed to warn the consumers about their product. For example, manufacturers of dangerous products have to put warning labels to caution people to use their products carefully.

Workplace Accidents

Accidents are quite common in the workplace, especially where tools are used. The employer must ensure that all their workers are safe. If a worker loses their life while carrying out their duties due to company negligence, you can sue and recover damages. 

You can also sue the equipment manufacturer if your loved one was using defective equipment while carrying out their duties.

Airplane Accidents

Airplane accidents are also another cause of wrongful deaths. A plane will crash if the pilot is negligent, or if the airplane has defective parts, is poorly designed, and is poorly maintained. However, it is quite complicated to initiate a wrongful death suit because it can take time to establish the guilty party.

You have to wait until investigations are complete before you initiate legal proceedings against the liable party. You can sue the pilot, the airplane company, or the airplane manufacturer for wrongful death.

Nursing Home Accidents

Most people take their elderly relatives to live in nursing homes where they can be taken care of by experienced personnel. The health care providers have the duty of care to all people in their nursing homes.

Sometimes, healthcare providers might neglect their duties, and your relative loses their life because of it. For example, most older people have age-related ailments and need to take medicine to keep them under control. 

 If the nurse at home fails to give your relative their medicine on time, leading to their death, they should be held responsible for the death.

How Estate Planning Now Helps Your Finances in the Future

Even people who are otherwise financially savvy often make the mistake of putting off estate planning too long. By getting a plan in place early, though, you can make your own finances easier to manage in the future. 

Here are four ways in which estate planning now can help your future finances.

It Sets a Clear Road Map

Once you have your estate plan in place, you'll have a roadmap for much of the rest of your financial life. Assets that you plan to transfer to your heirs should remain untouched, while those set aside for your own expenses should be given priority when it's time to liquidate. 

Of course, you can still change your plan as you go. With a plan in place, though, you'll find that future financial decisions become more streamlined.

You'll Have the Peace of Knowing Your Heirs Are Provided For

All parents want to leave legacies for their children. The problem, though, is that trying to create inheritances without a plan in place can take up all of your time and produce poor results. 

With an estate plan, you'll have a working idea of what your heirs will receive when your estate is divided. This, in turn, will provide you with more peace of mind and a certainty that you've provided properly for your children and or grandchildren.

You'll Get Expert Input

When creating an estate plan, it's important to go to a good estate planning attorney. An attorney who specializes in estate law can help you maximize the tax benefits to your heirs and structure your estate sensibly. This professional will also help your heirs navigate the process of dividing your estate, ensuring that they won't have to figure it out alone.

It's a Great Opportunity to Re-evaluate Your Own Finances

One of the lesser known benefits of creating an estate plan is the opportunity it gives you to review and evaluate your personal financial choices. If you're living on far less than your retirement investments are generating, for example, now may be a good time to increase your own standard of living a bit to match your means. 

The process of estate planning can bring up holes or flaws in other aspects of your financial life, allowing you to correct them.

As you can see, creating an estate plan now is a great way to simplify your future finances. With a plan in place, you can rest easy knowing that both you and your heirs are provided for.

How to Invest in Stocks in Saudi Arabia: A Beginner's Guide for Getting Started

If you have never invested in stocks before, it can all seem a little overwhelming. There are so many options available, so many people giving you advice on what you should and shouldn't do, and, of course, the unpredictable nature of the market itself. 

No one wants to take the time to demonstrate how to invest in stocks for beginners; they just want to get you investing in their project as quickly as they can. But we're here to help. Here are a few essential pointers to get you off to a good start.

Know Exactly How Much You Have to Invest

No one invests in stocks to lose money, but if you want to make this a long-term project rather than a flash in the pan, you will need to have a clear idea of your budget. Before you commit to investing, set aside an amount that you will not deviate from and know exactly how much you can afford to lose.

Do Your Research

If a friend asked you to invest in their business idea, you wouldn't just say, "Sure, how much do you need?" You would ask them to define exactly what their idea is, what their plans for the future are, and what the potential risks and benefits of your investment would be. 

It's the same with investing in stocks. You need to make sure that you have done your due diligence and understand the risks that you will be undertaking.

It's also important to have a clear idea of the areas you might be interested in investing in. Real Estate is always a popular choice, or maybe you want to be investing in the cutting edge of future tech with robotics. Having a clear idea ahead of time can save you time and stress down the line.

Find A Financial Services Company That You Can Trust

If you're diving into the world of stocks for the first time, you are going to find that there are a lot of businesses out there that are telling you that they know how you should invest your money. 

Of course, some of these firms will be better than others, and it is really important that you choose a financial services company that is both well-connected and trustworthy.

If you're looking at investing in stocks in Saudi Arabia, the award-winning Alkhair Capital offers an incredible range of products and services that are compliant with Shari'ah law, and they are connected with a range of Islamic finance hubs.

Make Sure You Can Stay Connected and Safe

Some people who invest in stocks simply want to put their money in and leave it, like a bank deposit accumulating interest. If you really want to make the most of your investment, you will need to make sure that you can always get the latest updates and react as quickly as possible.

But you are also going to want to think carefully about safety. With rising cybercrime statistics across the world, you are going to want to know that your assets and your personal information are secure. A digital wallet like Quara Pay is a great example of a must-have finance tool for anyone conducting business online.

How to Ready Your Pocketbook for a New Major Purchase

At various points in our lives, we have been in a place where have to save up for a big purchase. Saving money is not an easy task for a lot of individuals. 

At some point saving money can be overwhelming and seem unachievable. Renting an apartment can feel comfortable and attainable without much struggle. However, buying a home needs proper planning, budgeting, and saving. 

Moreover, starting a business, or buying your dream car can be quite an expense. Therefore, before making a huge purchase, it’s vital to ensure your pocketbook is ready.

Set a Target Amount

When planning for a major purchase, you may want to set a target, which indicates the amount of money you want to raise. Setting a target keeps one on toes since they have to make sure it is achieved. In this case, the goal you intend to achieve is usually the cost of the new purchase.

Look for Cheaper Options

Sometimes, a significant purchase does not have to be an expensive purchase. If the item you need is sold at a high cost, make sure that you look for cheaper alternatives. 

More affordable options allow you to save your money. Therefore, your pocketbook does not have to contain a lot of money. For example, buying a car, although it’s a major purchase doesn’t have to be expensive. 

Opting for used cars instead of a new car can ease the burden on your finances. Remember, you may still spend less money and be able to make your significant purchase.

You Need to Set a Timeline

Whenever you need to make a new major purchase, you should make sure there is a timeline. Planning to purchase without having a timeline means that you may take the longest time to achieve the goal. Always make sure you create a timeline, which shows the exact day or month you intend to make your purchase.

Avoid Unnecessary Expenses

While you are saving for a major new purchase, you may experience specific issues demanding you spend more money. Therefore, always ensure your budget is set slightly above the value of the item you’ll be purchasing. 

Before spending money on such matters, make sure that it is necessary. If you spend your money on unnecessary expenses, it will derail your saving plan, and you will not achieve your goals.

At one point in life, you will find yourself making a major purchase. Therefore, it’s vital to make sure that you have proper financial habits to help you attain the goal. Additionally, having more sources of income can come in handy.

Another Man’s Treasure: How Junk Vehicles Can Help You Get Ahead Financially

If you have a junk car in your compound, you could be missing out on opportunities to move ahead financially. Below are a few ways you can benefit from your junk car.

Gives You Financial Freedom

Dealing with an old car can be expensive. You have to keep it well-maintained to serve you better. Since it is in an unstable condition, your vehicle may require special maintenance often. 

This can be a daunting process, and you will spend more money in the long run. Disposing of the car will free you from financial challenges and will help you minimize future costs.

Frees Up Space

An old car is not worth keeping in your home. It occupies more space you’d have used to store other things. If you dispose of the junk car, you could use the area as a workshop or anything else that could add value to your property. 

You don’t have to worry about constructing a new storage area when you already have a place to transform to storage after disposing of the junk car.

Gives You More Money

Selling a junk car is a simple process. You can get a junk vehicle buyer for cash anytime without wasting time and money looking for one. It is a simple as making a phone call to a potential buyer and closing the deal within the shortest time possible. 

You only need to provide your name, the condition of the junk car, and close the deal once agreements are made.

Can Be Removed via Towing Service

You do not have to worry about incurring transportation costs when selling your junk car. A towing company arrives at your home and tows your vehicle away once you agree on the final deal—no hustles of getting the car into a yard. 

Once the company tows it away, you won’t have to ever deal with it again. This gives you peace of mind without wasting money on the towing service.

No More Car Troubles

A junk car would have constant troubles. You will need to continue spending money to keep the car in good condition. However, when you dispose of it off, you will say goodbye to the troubles and be free from the financial stress. 

So, set yourself free from the many challenges by disposing of the car and enjoy your peace of mind.

From the list above, no doubt that disposing of your junk car not only elevates you financially but also gives you peace of mind. So, if you’ve been holding onto the car, consider letting it go and enjoy the freedom.

Want to Start Investing in Properties? Understanding How to Get Started

Investing in anything is a significant decision. You never know when starting out if you will profit from your investment or end up losing. Remember that it is essential to not freeze in your decision making, but rather have as much information as possible to do well and have the best results. 

Hence, don’t start with a vague idea if you plan to invest in anything, especially property. Get to know the dos and don'ts before investing so that the outcome is favorable for you. 

Here is a simple overview of what you need to know to get started investing in properties.

Measure Your Finances

Before investing in any property, it is better to have a fair idea of the amount you are likely to spend. Getting an idea of your finances will aid in deciding the type of property you should invest in. 

If you have a full understanding of where you are at in your financial journey, you can certainly find yourself in a better place. 

Then, search thoroughly on the kinds of property which fit in your budget, or the best option is to consult a real estate agent who can guide you well.

Find the Correct Location

It is essential to find a proper place to invest in. Choose locations that give better returns in the future. A tip is to invest in a city or a locality that is growing in population. 

Yet another tip is to look in a place where demand and permitting of the building are in line. Moreover, look for properties having healthy environments such as a park, neat and clean roads, easily accessible public transport, low taxes, low crime rates, and a good neighborhood. 

Even after you buy a property, you either rent it or stay in it. Focus on home improvements as neat, clean, and nicely furnished houses have greater demands in the future.

Be Cautious of High-Interest Rates

Be careful of high interest rates as much of your investment can be a part of paying taxes or even more than that. Even if you buy property at a low investment cost, the interest rate can be higher than a standard mortgage interest rate.

Conclusively, construct a plan before investing in a property. Consider factors that contribute significantly to the increasing demands of property in the future. 

Make it a long-term investment so that you get better returns. In addition to this, hire a real estate consultant if you are new or have no fair idea of property investments.