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  • Published: June 17, 2022

If you are thinking of starting a business, you’ll find all sorts of advice about how to go about getting your new venture off the ground. Indeed, there are entire websites devoted to the topic. Yet, with so much information out there, it’s hard to know what you should heed and what you can ignore. To make things simple, we’ve compiled a list of six essential strategies for getting your new business up and running with the least amount of hassle and risk. Solve A Problem One of the best ways to come up with a winning business idea is…Read More

  • Published: June 17, 2022

If a family member or friend has asked you to serve as trustee for their trust either during their life, or upon their death, it’s a big honor—this means they consider you among the most honest, reliable, and responsible people they know. That said, serving as a trustee is not only a great honor, it’s also a major responsibility, and the role is definitely not for everyone. Serving as a trustee entails a broad array of duties, and you are both ethically and legally required to properly execute those duties or you could face liability for not doing so. In…Read More

  • Published: June 3, 2022

Do you feel obligated to check work emails, texts, and voicemails at all hours? Do you often work evenings, weekends, and holidays, even after you promised yourself you wouldn’t? Do you feel pressured to say yes to pushy clients because it’s easier than saying no? Do you feel resentful of clients for placing unreasonable demands on your time? If you answered yes to any of these questions, you need to check your boundaries. Establishing and enforcing healthy professional boundaries with your clients is critical for all business owners, and especially if you own your own business and work from home,…Read More

  • Published: June 3, 2022

When creating an estate plan, people are often most concerned with passing on the “big things” like real estate, bank accounts, and vehicles. Yet these possessions very often aren’t the items that have the most meaning for the loved ones we leave behind. Smaller items, like family heirlooms and keepsakes, which may not have a high dollar value, frequently have the most sentimental value for our family members. But for a number of reasons, these personal possessions are often not specifically accounted for in wills, trusts, and other estate planning documents. However, it’s critical that you don’t overlook this type…Read More

  • Published: June 2, 2022

These days, lots of people consider their pets to be members of their family. Indeed, pets can become our closest companions. As such, it’s only natural you’d want to make sure your furry friend is provided for in your estate plan, so when you die or if you become incapacitated, your beloved companion won’t end up in an animal shelter or worse. However, unlike your human family members, pets are considered your personal property under the law, so you can’t just name them as a beneficiary in your will or trust. If you do name your pet as a beneficiary…Read More

  • Published: June 1, 2022

When there’s a blow to your business, especially an unprecedented world event like the pandemic we are living through, you might feel paralyzed and unable to make a move. But when problems crop up, you as a business owner can’t afford to freeze. Or fight, or flee, for that matter. Freeze, fight, and flee are the three most common responses to trauma, and they are reactive states that can sneak up on us before we even know what’s happening. So, step one to making it through every challenge is to start to get to know yourself, and how you respond…Read More

  • Published: May 30, 2022

We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after a death, acting as a financial lifeline to the deceased’s loved ones. Business insurance is a hedge against uncertain losses and unpredictable risks that companies face. Key person insurance, also called key man insurance, can be thought of as a hybrid between business insurance and life insurance. Companies can take out this type of insurance on the lives of certain employees to cover the risk of losing “key” workers. The…Read More

3 Reasons Why Transferring Ownership Of Your Home To Your Child Is A Bad Idea
  • Published: April 25, 2022

Whether it’s to qualify for Medicaid, avoid probate, or reduce your tax burden, transferring ownership of your home to your adult child during your lifetime may seem like a smart move. But in nearly all cases, it’s actually a huge mistake, which can lead to dire consequences for everyone involved. With this in mind, before you sign over the title to your family’s beloved homestead, consider the following potential risks. 1. Your Eligibility For Medicaid Could Be Jeopardized With the cost of long-term care skyrocketing, you may be worried about your (or your senior parents’) ability to pay for lengthy…Read More

How To Choose The Right Entity Structure For Your Company—Part 2
  • Published: April 25, 2022

Of all the different choices you have to make when starting a new business, arguably none is more critical or has a more significant impact on your success or failure than your choice of business entity structure. The entity you choose will affect everything from the amount of taxes you pay and the type of records you are required to keep to how vulnerable your personal assets are to the legal and financial liabilities incurred by your company, and even your ability to finance your venture. When choosing between the different entity types, you will be considering one of the…Read More

How Naming Guardians For Your Kids In Your Will Can Leave Them At Risk
  • Published: April 18, 2022

If you are a mom or dad with children under the age of 18 at home, your number-one estate planning priority should be selecting and legally documenting both long and short-term guardians for your kids. Guardians are the people legally named to care for your children in the event something happens to you. And if you’ve named guardians for your children in your will—even with the help of another lawyer—your kids could still be at risk of being taken into the care of strangers! One of the most disturbing aspects of this situation is that you probably have no idea…Read More

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