Insurance is an important part of everyone’s life. Think of it as risk management. You’re paying money (called a premium) to an institution to shift the risk from you to them. They dilute that risk by insuring a hundred million people. By shifting that risk, you’re...
BEGIN TRANSCRIPT Trusts are excellent vehicles for the reduction of the estate tax. Being as though the estate tax threshold changes periodically, it’s important to utilize these vehicles to maximize the amount of assets that you can remove from your estate for estate...
What is litigation? Many people have heard of litigation and have a basic understanding of it. Generally speaking, it is what happens when two parties disagree about something and make a legal case out of their grievances. Litigation is a way to describe the legal...
You already know that taxes are complicated. It’s why so many people pay to have professionals handle their taxes every year. But tax basis calculation is one of the concepts that people tend to have the most trouble understanding. Part of the problem is that this...
When you run a business, planning your estate isn’t just about signing over your financial accounts and personal possessions to heirs or completing a power of attorney and outlining medical directives. Most people fail to realize that their business is another asset...
