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3 Asset Protection Tips You Can Use Now

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

A common misconception is that only wealthy families and people in high risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your fin...

Warning: Don’t Let Creditors Inherit from You

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

Shocking to most people, the retirement account you leave for your spouse can be seized in a divorce, lawsuit, or bankruptcy. 3 Options Available To Surviving Spouses When your surviving spouse inherits your IRA, he or she generally has three options: 1. Cash out the inherited IRA and pay the inc...

Estate Planning Is Not Just About Money

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

It is a common misconception that financial management and estate planning are reserved for the wealthy. Regardless of how much you have in the bank, you and your family can benefit from planning ahead for the future. If you fail to do so, you could leave your family scrambling if you're suddenly...

Lifetime QTIP Trusts – The Gift That Keeps Giving

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other, and each spouse wants different beneficiaries to ultimately inherit their estate. One solution to this problem is the Lifetime QTIP Trust.  What is a Lifetime QTIP Trust? One traditional e...

Estate Planning for Rental Property Owners

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

In all parts of the country, services such as Airbnb have grown in popularity over the past few years. Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand the fol...

Wills vs. Trusts: A Quick & Simple Reference Guide

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

Confused about the differences between wills and trusts? If so, you're not alone. While it's always wise to contact experts like us, it's also important to understand the basics. Here's a quick and simple reference guide: What Revocable Living Trusts Can Do – That Wills Can't ● Avoid a conservato...

3 Liability Planning Tips for Physicians

Posted by Darryl V. Pratt | Jun 09, 2019 | 0 Comments

You probably know that the practice of medicine is a profession fraught with the risk of liability. It's not just medical malpractice claims either (although those are certainly scary enough). It's the entire scope of risk from being in business, including employment-related issues, careless busi...

Does Your Small Business Need a Social Media Policy?

Posted by Darryl V. Pratt | Jun 06, 2019 | 0 Comments

According to 2018 data provided by SCORE, the largest provider of  volunteer business mentors in the United States, 77% of U.S. small businesses  use social media for their sales, marketing, and customer service. If you plan  to use social media to promote your business, a social media  policy is...

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