Debt has become a very circular process in which consumers become both borrowers and lenders. While they borrow money from banks and finance companies, consumers are receiving interest from money market funds, bond mutual funds, and pension funds, all of which invest in consumer debt.
When the pace slackens, are you ever nagged by thoughts of what would happen to your company if it was unable to carry on due to your death or disability? These concerns may seem like remote possibilities. However, by putting them off, you may be placing the future of your business at risk.
To avoid leaving your loved ones in this difficult situation, consider taking time now to prepare an inventory of pertinent financial information. This record will help those who must manage your financial affairs after your death carry on smoothly and without undue delay.
Retirees have many options when choosing where to live. While climate, proximity to family, and the cost of housing will likely factor into the decision about where to retire, prospective retirees should also take into account the amount of taxes they will owe in the state and town where they have their primary residence.
Is your growing business still a one-person operation? As your company continues to grow and the workload increases, it is easy to find yourself not having enough hours in the day to accomplish everything that needs to be done. At such a turning point, many small business owners turn to their families for help.
Advance directives are legal instructions that express a person’s wishes regarding financial and health care decisions in the event that he or she becomes unable to make them. If incapacity occurs and there are no advance directives, is guardianship a viable option?
The April 15th tax deadline always seems just around the corner. Preparing in advance to file your federal income tax return might help make a sometimes overwhelming process easier to tackle.
What would happen to your business and your family should you become disabled or die unexpectedly? Do you have key employees or family members who could step in and run the company in your absence?
Estate planning often involves the coordinated efforts of an estate planning team consisting of your attorney, accountant, and financial services professional. However, whether establishing a new estate plan or revising an existing one, only you can provide the guidance, direction, and information needed to develop an effective plan.
Basic income tax planning starts with an understanding of how various types of income are taxed, what kinds of deductions are allowable, and where the “break points” fall in applying the tax rates.
