Many adults do not want to make mistakes, especially when it comes to their legacy. They want to ensure that every aspect of their estate plans is perfectly executed. Unfortunately, many planners forget one major aspect of building an estate, the funding. According to...
Year: 2020
Do not buy into these common estate planning myths
Estate plans are incredible tools for anyone. You don't need a super high income nor a complex estate to develop a secure plan that ensures your family and friends receive the assets you had during your life. However, most people don't believe that estate plans are...
Major mistakes to avoid while expanding a business overseas
Most entrepreneurs dream of the day where they expand their companies overseas and tap into a global market. International expansion is one of the final moments where you see the growth and success in your business. However, international expansion is also tricky....
The difference between a trustee and a fiduciary
Most people hear the word "trustee" and have a distinct image in their minds. It could be their closest sibling, their eldest child or a trusted attorney. The image is clear but different from person to person. However, many adults do not know what the duties of a...
Three reasons why entrepreneurs need a paycheck
Starting a company is an expensive venture for anyone. Between employees, resources and startup costs, most business owners need to obtain a significant amount of capital and loans to attain their dream. Some entrepreneurs may even try to recoup their loans by cutting...
Tips to save money in the 2021 tax season
Most Americans dread tax season due to the payments, the documentation and the accounts. However, 2021 could be a slightly easier tax season with a few simple changes to your approach to your taxes. Four steps for a better tax season in 2021 Before 2021 begins, every...
How to build a retirement while building a business
Many business owners spend years building up their companies to a level of success where they live comfortably. Most of them invest their profits back into the company to see the growth continue over time. However, while you build your business, you need to think...
Updating your estate plan for the digital age
The world dramatically shifted after 1990, the year that computer scientist Tim Berners-Lee invented the World Wide Web. No one anticipated how the internet would change every aspect of our lives from how we work to how we shop. And in 2020, it looks like the internet...
Five steps to take to prep for your next tax year
With only two months left of 2020, it's time to start thinking ahead to 2021 and what the next tax season will look like. Most taxpayers will need additional time to gather financial documents and employment records due to the unpredictable circumstances of this year....
How to select the right formation for your business
Starting a new business is an exciting period for an entrepreneur, especially as you see your venture grow from the ground up. However, before the company can grow, you have to consider how to start the foundation. One of the first aspects you consider is the...
