A Trust for Your Beloved Pet
A pet trust makes it possible for you to continue to provide for your pet when you have passed. A pet trust is a legal arrangement that will specify how to care for and take care financially of your beloved pet and is legally recognized in all fifty states and the District of Columbia. Like wills and other trusts, each state has different laws governing the creation and use of a pet trust so if you move to a different state, include your pet...
Read More...Do You Owe Back Taxes? Take These Steps to Protect Yourself
Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello and receiving communication from them is not likely to be good news.
Read More...How to Remove a Member of an LLC
As a business grows, its ownership structure may change and an owner may need to be removed. Removing an owner of a limited liability company (also known as a member) may become necessary if a member retires, dies, changes career, commits a breach of conduct, or has a dispute with other LLC members. When members decide that somebody within their ranks must leave the company, the removal can be voluntary or involuntary.
Read More...The Benefits of the Senior Safe Act
Seniors now have federal protection, the Senior Safe Act, from financial abuse from either within a family or support system or by scammers taking advantage of them. Tens of billions of dollars each year are illegally taken from US seniors and these numbers only reflect the crimes being reported.
Read More...Tax Q&A: What's a Notice of Federal Tax Lien?
A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the Parish Clerk of Court where you reside. It’s a formal notice to all your creditors that the IRS has a secured interest in your real and personal property. A federal tax lien is usually the “kiss of death” however, there are 4 ways to resolve a federal tax lien – You can request a Lien Subordination, a Lien Discharge, a Lien Release, or a Withdrawal of a federal...
Read More...Beware of Foreclosure Rescue Scams
Due to the pandemic, the federal government enacted legislation that stipulated that banks and financial institutions could not initiate foreclosure proceedings against individuals. That law expired on June 30, 2021. With the end of the moratorium on foreclosures, a Harvard study estimates that 2.1 million households are behind on their mortgage payments.
Read More...How to Dissolve a Partnership on Good Terms
Many business partnerships eventually come to an end. Like other types of relationships, when business partners decide to split up, the process can be amicable or contentious. For personal and professional reasons, dissolving the partnership on good terms is in the best interest of all partners. A smooth split will prevent unnecessary conflict and legal expenses and allow the partners to enter their next venture without lingering obligations.
Read More...Preparing a Quality End of Life Plan
The records conveying your final wishes for care and asset management are called powers-of-attorney documents, and these entrust an appointed person to act on your behalf when you are no longer able to.
Read More...5 Things That Can Unexpectedly Raise Your Taxes
Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise your taxes owed at the end of the year.
Read More...What to Know Before Investing in a Small Business
With the country emerging from pandemic lockdowns and economic activity beginning to expand, small business owners are optimistic about the future. Supporting local businesses can help them grow and thrive in a post-pandemic economy. But what if you could help a business while also helping yourself?
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