Category: Wealth Management

Tips for Creating a Successful Revocable Living Trust and What to Avoid

A revocable living trust helps you pass your assets on to your designated beneficiaries. What makes it attractive is that it can be changed at any time and beneficiaries or assets can be added or subtracted while you are alive. Before setting one up, there are some things you need to know. Reasons to Make…


What to Do If There’s a Mistake on Your Business Taxes

For small-business owners, preparing an income tax return is far from simple, which can increase the chances of making a mistake. Here are six steps that small-business pros say you can take to cope with that hair-on-fire feeling of discovering an error after you’ve filed—plus how to get things fixed quickly so you can go…


Best Life Insurance Options for Seniors

Everyone should have some form of life insurance, and this is especially so for seniors. Being prepared for that inevitable day helps give your loved ones some comfort knowing that they will not have a financial burden when you pass. Choosing the Right Insurance Company A life insurance company is only good if it pays…


Why Business Owners Need an Estate Plan

Running a business is not easy nor does it leave a lot of leisure time for business owners. Typically they must work long hours regardless of whether or not they have a family. In fact, some days they may struggle just to keep up with tasks at home and family activities. That makes trying to…


Best Ways to Use a Tax Refund

By the first of May you have either received your tax refund or are checking every day to see if it has been deposited to your account or is in your mailbox. If you have not decided on how to use the refund, here are some suggestions on how to take advantage of this money….


Tweak Your Tech Settings to Protect Your Privacy

So much of our sensitive personal data is being tracked and sold that trying to protect our privacy can seem like a pointless exercise. We can disable the location tracking on phone apps only to find new apps stalking us the next time we check. We can turn off personalized advertising and still get bombarded…


5 Trending Captive-Insurance Considerations for 2022

By Randy Sadler If 2020 and 2021 showed us anything, it’s that the unexpected can and will happen—whether it’s a global pandemic, a cargo ship blocking one of the world’s busiest trade routes, or a storm creating a widespread power outage. These unforeseen risks are difficult to predict and insure against, which made captive insurance, with…


Biden’s Proposal to Limit Like-Kind Exchanges Impacts Small Business

By Tom Wheelwright  If you’ve ever owned real estate, you’ve likely heard of the 1031 exchange, also known as a like-kind exchange. Essentially, this allows business owners or investors to sell a property, acquire a new one and not pay tax on the property they sold as long as it is equal to or greater in…


Why Do You Need a Living Trust

Passing on assets to one’s kin after passing away can be done several ways. Making a will is the most common method. It successfully passes your possessions to the designated individuals, but only after going through probate and estate taxes. A better method for some people is to make a living trust, which also provides…


7 Types of Insurance for a Secure Retirement

“No well-planned retirement should be without long-term care insurance. It is the very cornerstone of retirement security.”–Suze Orman Retirement is regarded as the golden period of one’s life. After years of juggling professional responsibilities, you finally have plenty of time for yourself, your family, and the things that you always wanted to do. But, an…