Planning for long term care can pay big dividends if you plan ahead. We’ve all heard the numbers, approximately 10,000 baby boomers reach retirement age each day. For individuals over age 65 there is a better than 70% chance they will need some type of long term care services during their lifetime. With the cost… Continue Reading
Author Archives: John
Asset Protection 101: Buy Insurance
Everyone should buy insurance. Asset protection planning is not a substitute for insurance. Liability and professional insurance should be your first line of defense against a lawsuit. Trusts, entities and other asset protection vehicles are merely a supplement to insurance. If you are a professional you should carry the appropriate malpractice insurance and have high… Continue Reading
Have Investment Property? Protect Yourself
If you have investment property or expect to invest in real estate, you should create a business entity to own the property in order to protect yourself. Then if a tenant or other person sues you for an injury they sustained while on the property, only the assets in the company (the property itself) will… Continue Reading
Asset Protection 101: Business vs. Personal Assets
If you own a business or own commercial or residential investment property, you should definitely consider setting up a business entity such as a corporation or limited liability company. However, you should probably keep your personal assets such as your house, stocks, etc. out of the company you set up. Use the company only for… Continue Reading
Small Business Saturday
Wow!! Holiday shopping season is upon us again. November 29 is Black Friday. But Saturday, November 30 is Small Business Saturday. As many of our clients fall into the category of a small business, this is an important day for them. We have a shortened shopping season this year so every day counts and unlike… Continue Reading