Protecting Ourselves And Our Loved Ones, Personally And For Business

A. Personal Items We Should All Have:

Will
Medical Power of Attorney
Statutory Durable Power of Attorney (for financial matters)

B. Personal Items We Should At Least Consider Having:

Directive to Physicians (also known as a “Living Will”)
Declaration In Event of Guardianship
Declaration In Event of Guardianship for Minor Children
Disposition of Remains
Insurance

o   Life Insurance

What Is A Contract?

Many books have been written on contracts. What contracts mean, how they apply, what happens if they are unclear, etc. Without going into all or the details, we thought we would just touch on some of the high […]

The Truth About Revocable Living Trusts

I have received a number of calls recently from people that have been contacted by organizations pushing Revocable Living Trusts and trying to scare them with misinformation and half-truths. […]

HOW TO IMPROVE COLLECTIONS, PART II

WHAT YOU SHOULD KNOW BEFORE YOU EXTEND CREDIT…  AND HOW TO FIND OUT FOR FREE!

Do you really want to extend credit to that new customer or business?  An existing client wants you to bill them for the goods or services at the end of the month.  Should you?  Before extending credit, try finding out who […]

Do You Need Long Term Care Insurance?

What is Long Term Care?  It is the care that someone needs to assist with activities of daily living (ADL’s), such as bathing, dressing, eating, continence, and getting in and out of the bed, to name a few.

Often, families will try to assist their loved ones with these task.  However, sometimes there is no family […]

Do You Have Will Power?

A comparison of the resuts of having a will and not having a […]

How To Improve Collections On Accounts Receivables

1. LEARN MORE ABOUT THE BUSINESS:

When you allow a business to pay for goods or services at a later date, you are extending credit. A bank will not extend credit to a person or a business without getting some basic information to see if they are “credit worthy”; or a good credit risk. If […]

Three Key Documents Everyone Needs

There are three types of documents that most people should have.

So, you want to incorporate...?

There are many benefits to forming a corporation, although not as many as was previously the case.  For example, providing employee benefits, within certain limits, may be better with a corporation than with a sole proprietorship.

Estate Tax 2010 ... Going, Going, Gone?

As of January 1, 2010, the estate tax went away for a year.

This can have a significant impact on a larger estate; since traditionally the “death tax” as many have come to call the estate tax, can eat up nearly half of a wealthy person’s estate.