A teenager’s lifestyle is fraught with activities that can cause personal injury or property damage to others. Less frequently contemplated, however, is the risk posed to their parents or guardians. In particular, families with substantial personal wealth can become easy targets for liability lawsuits.
Most of us are spending more of our time online, including interacting with others via social media. Unfortunately, the ease and access that make social media convenient also leaves you open to significant risks.
Most people acquire their wealth through career success. With time at a premium, private staff—nannies, housekeepers, drivers, gardeners, chefs, and others—often become critical members of the household.