Estate Planning- Trusts

Key Considerations for Smooth Wealth Transfer Planning

Key Considerations for Smooth Wealth Transfer Planning. Components of a robust estate plan include a will, trusts, a power of attorney, and healthcare directives. A will specifies how your assets should be distributed upon your death. Trusts, which hold and manage assets on behalf of beneficiaries, can be tailored to meet specific needs, such as reducing estate taxes or providing for minor children. A power of attorney grants someone the authority to make financial and legal decisions on your behalf if you become incapacitated, while healthcare directives outline your medical treatment preferences.

How to Get a Good Price on Health Insurance for Your Family

By Tim McMahon | June 18, 2021

There is never a single hack that can help you get cheap medical insurance. Sometimes, there are a lot of options that will leave you wondering with too many questions. However, before you start working towards that goal, you need to understand how the health insurance system works. If you need to find a reasonable price on a health insurance plan for your family, read through the tips below.

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Liability Insurance

Protect Your Business

By Tim McMahon | June 16, 2021

Yesterday we looked at Personal Injury Claims so I thought that today we would look at “Business Liability”. In a personal injury claim you could be suing either an individual or a company for injuries you sustained due to their negligence.  But what if you are on the other side? What if one of your employees did something stupid like goofing around with a forklift and injured someone? In that case, hopefully your business would have “Liability Insurance” and that is what we will look at today. 

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Legal Scales

What You Need to Know About Personal Injury Claims

By Guest Author | June 15, 2021

Personal injury cases arise because someone else’s negligence has caused hurt or harm to another. If you are injured because of the wrongful conduct of another person or entity, you have the right to file a personal injury claim to recover monetary damages for your losses. The individual or entity at fault has the legal responsibility to compensate you for the injuries you have sustained. Personal injury cases are often complex in nature, so make sure to seek the advice of an experienced personal injury attorney before pursuing a claim. Educating yourself about the claims process and how to go about it will also increase your rate of success. Here’s a list of 6 important things you need to know about personal injury claims:

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Due Diligence

Investing in Real Estate? Make Sure You Choose Properties with High Potential

By Guest Author | June 8, 2021

Investing in something significant, especially property, is an ordeal in and of itself. However, property investments will generally earn a decent return if you buy right in the first place.

Deciding to invest in property is risky; hence, you have to be sure and choose a property that will give you a lifelong return. One way of investing in property is through private equity representation. Private equity representation allows you to have a detailed overview of your project so that you can invest wisely and make a suitable decision. Unfortunately, it is usually only available to limited partnerships and institutions, so you probably won’t qualify if you are just getting started in real estate. This means that you will have to do your own “due diligence”.

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Window Tinting

Does it Pay to Get Your Car Windows Tinted?

By Tim McMahon | June 7, 2021

Have you ever thought about getting your vehicle’s windows tinted? It is a very popular trend in today’s world. Many people like getting their windows tinted because they can see better in the daytime when the sun is shining through. In some states certain types of window tinting is illegal, usually a certain percentage of darkness, so be sure not to exceed the legal limit in your state. Although there are DIY kits available, it takes skill, patience, and talent to be able to perform this job well. As is obvious from the bubble-laden DIY jobs you often see on the road.

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Remodeling

Keeping Remodeling Costs Down

By Tim McMahon | June 2, 2021

If you’re planning on renovating your home on a budget, you need to have a plan, stick to it and pay attention to details. When it comes to home remodeling tips, there are many ways to keep costs down.

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Budget for Home repairs

Home Repair Costs: How Homeowners Keep Their Pocketbook Balanced

By Tim McMahon | May 20, 2021

In many cases, homeownership may mean more than just paying the mortgage and the taxes. Some homes may need repair work before you move in, or even in a new home, everything won’t stay in good shape forever. In “Home Repairs You Should Think about Saving up For”we see that homes need painting every 5-8 years, HVAC systems last 10+ years, modern water heaters may only last 8 years, while your roof may last 20-30 years.

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When to replace your furnace

When Should You Replace Your Furnace?

By Tim McMahon | May 13, 2021

When your furnace/air conditioner/heat pump breaks down or gets old, you may need to buy a new one in order to keep your home comfortable. One way to ensure that your HVAC unit lasts as long as possible is through regular maintenance. However, if replacement is necessary, spring is often the best time to purchase a new furnace or have maintenance done.

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Home Renovations Before Selling

By Guest Author | May 6, 2021

When you’re ready to sell your home, you want to get the best price for it. Often, that means ensuring the home is in tiptop shape before you list it. Home renovations can be expensive, though, so how do you get your home looking gorgeous without costing an arm and a leg?

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Diversification

Ways to Diversify Your Family’s Investments

By Tim McMahon | May 1, 2021

When you’re investing money for your family’s future, it’s important to find good returns while also diversifying to reduce risk. While placing all of your money into a single asset can produce great returns during good times, it can also cause huge losses when the market turns south. One good indicator for when you should be more cautious is when unsophisticated people get more interested in the market.

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Negotiate a House

How To Negotiate When Buying a Home

By Guest Author | April 28, 2021

If you thought you wouldn’t need to negotiate when buying a home, you’re wrong. There is no one else who will get you precisely what you want, at the time and price you prefer, but you. True, expert real estate agents will do what’s in their power to find a house that suits your needs. But not many, if any, will help you get the best price. They only get paid if they make the sale so if you agree to the asking price it makes their job much easier. Otherwise, there can be lots of “back and forth” and even the possibility of losing the sale. 

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Budgeting tips for homeowners

Growing Family: How to Set up Your Finances for a New Home

By Tim McMahon | April 22, 2021

Buying a new home is an exciting milestone, yet it can also be stressful and complicated. If you aren’t alert, you may end up broke or purchase a home that does not suit your lifestyle. To avoid this, you need to prepare your finances in advance.

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