Insurance companies are built on a simple principle: they take your money, but they are not in a rush to pay you back if you are in need and have a claim. They accomplish the first part of this formula by demanding prompt payments of premiums and threatening that your coverage will lapse or be…
Trusts for Real Property (home, real estate, rental property) Several methods are available to protect your real property (houses, condos, rental and commercial properties) from creditors and adverse court judgments. For example, the properties could be transferred to an existing or newly-created Limited Liability Company (LLC). The organizers (members) of the LLC can still manage…
Must-have Documents: Power of Attorney (at least for banking) and a Living Will and/or Health Care Proxy. Both Documents will save money and grief. A simple Will to distribute assets and appoint guardians for minor children. Retirement Planning: Planning for distribution of money, stocks, bonds, Real Estate and Retirement Accounts (401K, Roth, etc.). Possibly receiving…