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.
Tax-Lawyer

7 Ways a Tax Lawyer Can Help With Your Personal Finances

By Tim McMahon | September 20, 2022

You might think that the only reason to contact a tax lawyer is to help prepare your taxes. And although they do that, they also do a lot more. Naturally, they can help you minimize the chance of getting audited (which is a huge benefit) but they can also help you prepare contracts for things like business partnerships and real estate transactions. Since they know tax law inside and out they can probably help you reduce your tax bill by much more than their preparation fee. In addition, they can help you organize your finances to the best effect.

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Packing for a Move across state lines

Prepare For Unexpected Costs When Moving Across State Lines

By Guest Author | September 9, 2022

Whether you’re moving to a new state for school, a new job, or to be with the love of your life, this transition can be both exciting and challenging at the same time. In preparation for your move, it’s important to plan for some of the hidden costs of moving that you might encounter. Whether you move to the state next door or across the country, there may be expenses you didn’t take into account. Let’s look at some of the costs beyond a moving truck and hiring movers that you might not think of.

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Heart Health

Don’t Skip These 4 Key Areas of Healthcare

By Guest Author | September 3, 2022

When it comes to your health, the old argument of nature vs. nurture applies. Some people may be born with good healthy genes. However, many other areas of health depend heavily on your environment and how well you take care of yourself. With good knowledge, the right tools, and good practices, you can improve the way you look and feel well into adulthood. Good health habits start early and are often ignored by young people. Encourage a healthy household in these 4 areas of health, and it will promote a long healthy life. Here are 4 Key Areas of Healthcare to keep in mind.

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How to Stay Within Budget When Building a New House

By Tim McMahon | August 29, 2022

It’s not easy to stay within budget when building a new house, but with these simple steps we came up with, it might be.

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Prepare for Recession

Guaranteed Ways to Prepare for a Recession

By Tim McMahon | August 23, 2022

What’s the Difference Between a Recession and a Depression? Before we learn to prepare for a recession, we might want to know what one is. There is an old joke, “A recession is when your neighbor loses his job, and a depression is when you lose yours”. All joking aside, there has been some discussion […]

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Financing Dental Implants

How Much Do Dental Implants Cost? How to Save up for Them

By Tim McMahon | August 16, 2022

Everyone wants a perfect white Hollywood smile. But, as you can imagine, a movie star set of pearly whites is not cheap. Even Tom Cruise had to go through quite a bit of work to get that perfect smile.

However, a perfect smile is not the only reason to get dental implants; you may need to replace a tooth that was lost to an accident or disease.

If you need dental implants and your insurance does not cover the expense, (and you don’t have a moviestar bank account), you may need to save up for them. Here, we’ll go over some of the details concerning dental implants, and we’ll provide tips on how to finance them.

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How to Start Your Own Summer Lawn Care Business

By Tim McMahon | August 12, 2022

If you love being outside and consider yourself to be good at doing lawn care, you may want to consider opening up your own summer lawn care business. If the idea of going into business for yourself seems a bit overwhelming, however, you shouldn’t worry. Following these steps should help you get started right. Buy […]

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accident-insurance

Why Personal Insurance Is Essential

By Guest Author | August 2, 2022

Insurance helps you mitigate and manage risk. When you purchase insurance, you transfer the potential cost of a loss of property, health, or life to the insurance company. In exchange, you pay them a fee or a premium. The insurance company will invest your premium and use that money to pay out when there is a claim.

Another way to look at insurance is that it spreads the risk. So rather than one person suffering a devastating loss everyone in the risk pool suffers a small manageable loss via a regular premium payment.

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Barn

Own a Small Farm and a House? How to Balance Insurance Needs

By Guest Author | July 27, 2022

Farmers are in great need of insurance coverage. Farms are large scale businesses with a lot of money and valuable assets tied up in them. Without the proper balance of insurance coverage, your farm and family’s livelihood could be put in jeopardy

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Difference between a bank and credit Union

Financial Institutions: Differences Between Credit Unions And Banks

By Tim McMahon | July 14, 2022

When it comes to choosing the right financial institutions, making the wrong decision can leave you with results that are far less than what you expected. In years past, almost everyone dealt with banks, but these days credit unions are chipping away at the bank monopoly. Here are the real differences between banks and credit unions.

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How to Retire in 7 Years

How to Retire in 7 Years

By Tim McMahon | June 29, 2022

In the following video Mark Tilbury talks about how he was able to retire in 7 years. (But it isn’t easy). He explains that the word “retirement” should be replaced with the word, “freedom”. Once you reach the “tipping point” when you have enough money to stop working you have true freedom. But that doesn’t mean the you have to stop working. It simply means that you can work on the things you truly enjoy.

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Qualifying for a Car Loan

Qualifying for a Car Loan

By Guest Author | June 21, 2022

One of the first things you’ll need to do if you’re looking for a new car is to figure out what kind of loan you qualify for. Getting a loan can be a tricky process since lenders will consider many factors when deciding. You can, however, increase your chances of getting approved for a loan by following a few simple steps.

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