Estate Planning · March 01, 2024
It's easy to prioritize other business matters over estate planning when you're running a business. But, in reality, one of your most pressing responsibilities is to consider what would happen to your business if you became incapacitated or died. Although estate planning and business planning may be two distinct tasks, they're inevitably linked. And, because your company is likely your family's most valuable asset, estate planning is critical not only for your company, but also for your family.
Estate Planning · February 18, 2022
Divorce can be one of life's most stressful events. With so many major changes taking place, it's easy to forget to update your estate plan—or simply put it off until it's too late. After all, dealing yet with another lawyer is probably the last thing you want to do. However, neglecting to update your estate plan for divorce can have tragic consequences. And you shouldn't wait until the divorce is final to rework your plan—you should update it as soon as you realize the split is inevitable.
Estate Planning · February 04, 2022
Life insurance is a key component of your family’s estate plan, offering those who depend on you for their financial security a safety net in the event of your death. Whether those dependents include your spouse, children, aging parents, business associates, or all of the above, investing in life insurance is a way to say “I love you” and make certain that when you pass away, the people you love will have a reliable source of financial support to count on.
Estate Planning · January 26, 2021
Setting up a trust is a great way of securing your assets, reduce tax obligations, and define the management of your estate according to your wishes, even if you're wealthy or not. It's the best decision to set up a trust while you still can since it has different types, and each has various tax consequences. Choose what's best for your family so that when the time comes that you're incapacitated, their future will be safe. Learn more to help you weigh decisions and make the right choice.
Business · January 22, 2021
Business startups are amazing ways to becoming an independent business owner. Nevertheless, buying an existing business has more advantages than starting from nothing. It's more likely to have an established customer base and a more recognizable brand. With a solid foundation, you can review existing policies and processes. Instead of spending years building a name and creating connections, you concentrate on. But with an already built business, you can now focus more on growth and expansion.
Estate Planning · January 19, 2021
Your pets are definitely the image of unmatched loyalty and loving companionship. Thus, you care for them the best way you can in your lifetime. However, some pets outlive their owners and end up alone, abandoned, or euthanized. Creating a pet trust is the answer to this best way to avoid this sad fate. This fund will provide your pets’ daily needs such as food, grooming, vet bills, and even burial. Here are some ideas to help you in building a trusts for your pet.
Estate Planning · January 15, 2021
A comprehensive and detailed estate plan would be meaningless if it cannot be accessed quickly during emergencies. That is why, it is convenient to have a go-bag to place in your estate documents and other essentials. This is especially true with the current pandemic filling hospitals to the brim. Unexpected events can occur anytime—you or a loved one could get hospitalized alone. Without immediate access to the plan, important medical decisions might be delayed to your family's detriment.
Business · January 12, 2021
With all the challenges businesses are facing right now, some are still experiencing tremendous growth. But planning for business expansion requires a stronger workforce, which means more hiring. This is just another challenge you'll face since it involves additional legal requirements that you'll need to comply with to avoid conflict with your new team. Though expansion provides a great opportunity to build more profit, it can also expose your business to additional risk.
Business · March 31, 2020
Good record-keeping definitely isn't the flashiest or most exciting part of your business. It's tiresome to dig around dozens of files for several years: information to complete your taxes, get access to capital, or defend your assets, if necessary. But having complete records is crucial if you ever end up in a lawsuit, you need to be able to prove to anyone who files suit against you that the "corporate veil" is in place. Here's what you need to make sure your records are kept in order.