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Protecting Loved Ones – 5 Life Insurance Beneficiary Mistakes

People purchase life insurance with the goal of providing for their loved ones in the event of their passing.  It follows then that naming beneficiaries of a life insurance policy is often an automatic action for people, depending on their life circumstance.  Married people typically name their spouses with their [...]

Amanda Bynes – Amanda Bynes’ parents file conservatorship papers

Amanda Bynes’ parents have filed court documents to become her temporary conservators. Rick and Lynn Bynes hired respected attorneys Tamar Arminak and Patrick Reider, and officially applied to gain legal control of the actress’s personal welfare and financial affairs on Thursday (25.07.13), as she remains under an involuntary hold in [...]

What is a Power of Attorney?

Question:  Someone told me I should have a power of attorney.  I don't know what that is.  Do I need one? Answer: You should have a power of attorney.  There are different types, but the basic concept of a power of attorney is you (the "principal) giving decision making authority [...]

Estate and Gift Taxes After the Fiscal Cliff

Many people are wondering what happened to the estate and gift tax laws as a result of the last minute law passed by Congress. For the most part, they continued the status quo. This is a huge boon for wealthy individuals. If Congress had not acted, the estate tax exclusion [...]

6 Year End Nonprofit Tasks

It's about to be the end of another year which means there's some yearly housekeeping every nonprofit organization must do. Here are six things every nonprofit should do before the end of the year: 1. Have Your Annual Meeting. The bylaws for most nonprofit corporations require the organization to have [...]

When Is The Best Time To Create A Trust?

Question: When should I create a trust? My assets include a couple of cars, my home, less than $100,000 in savings and a 401k. Do I need a trust? Answer: A Revocable Living Trust can be beneficial for anyone, regardless of what they do or the amount of assets they [...]

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