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Asset Protection in Estate Planning

You’re beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit card issuers, business creditors, and creditors of others. To insulate your property from such claims, you’ll have to evaluate each tool in terms of your own situation. You may decide that insurance and a Declaration of Homestead…
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Organizing Your Finances When Your Spouse Has Died

Losing a spouse is a stressful transition. And the added pressure of having to settle the estate and organize finances can be overwhelming. Fortunately, there are steps you can take to make dealing with these matters less difficult. Notify others When your spouse dies, your first step should be to contact anyone who is close to you and your spouse, and anyone who may help you with funeral preparations. Next, you should contact your attorney and other financial professionals. You’ll…
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Shopping for an Annuity

Although many insurance companies offer annuities with the same (or at least similar) features, that doesn’t mean that all products and all companies are the same. As with all financial products, you should shop around and compare. Here are some things to consider when shopping for annuities. Financial stability Moody’s, Standard & Poor’s, and A. M. Best all rate insurance companies for financial stability and customer satisfaction. When purchasing an annuity, it is best to consider buying only from companies…
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Trust Basics

Whether you’re seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility–many types of trusts exist, each designed for a specific purpose. Although trust law is complex and establishing a trust requires the services of an experienced attorney, mastering the basics isn’t hard. What is a trust? A trust is a legal entity that holds assets…
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Investing in Stocks

Businesses sell shares of stock to investors as a way to raise money to finance expansion, pay off debt, and provide operating capital. Each share of stock represents a proportional share of ownership in the company. As a stockholder, you share in a portion of any profits and growth of the company. Dividends from earnings are paid to shareholders, and growth is realized by the increase in value of the stock. Stock ownership also generally gives you the right to…
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10 Things Women Need to Know About Money

Life is definitely more than just about money. There are so many things to know about money. The list is endless, but here are 10 important things you as a woman should know about money: 1. Men and Women are Different Understand that men and women are different in how we use money, how we feel about money, and how we communicate about money. In most relationships one partner will be the spender and one will be a saver. Understand…
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Investing in Stocks

Businesses sell shares of stock to investors as a way to raise money to finance expansion, pay off debt, and provide operating capital. Each share of stock represents a proportional share of ownership in the company. As a stockholder, you share in a portion of any profits and growth of the company. Dividends from earnings are paid to shareholders, and growth is realized by the increase in value of the stock. Stock ownership also generally gives you the right to…
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Kids and Activities – The Pressure to Spend Money

Who are the Jones’? Why do we have this need, desire and pressure to keep up with them? Having school age children in sports I have become mystified. I have always been aware of the budgets of clients and how they overspend to meet their kid’s desires but now it has become real. According to TIME, kid’s sports is a $15.3 billion industry that has nearly doubled in the last 10 years. Between league fees, camps, equipment, training and travel,…
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The Longest Day of the Year

The summer solstice is widely recognized as the first day of summer in the Northern Hemisphere. We can expect to see the longest period of daylight for the year on June 21, when the sun reaches its farthest point north of the equator. This major celestial event also results in the shortest night of the year, while the same phenomenon triggers the shortest day and longest night south of the equator. The word solstice derives from the Latin words for…
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There is no one else like dear old Dad

We celebrate Father’s Day on the third Sunday of every June. At last count, there are over 70 million fathers in the U.S., most of whom probably possess some ceramic-based proof of being the World’s Greatest Dad. But rather than argue the merits of one coffee mug over another, here are some interesting dad-related facts to ponder while you mull over which in-style tie to buy this year. In Thailand, National Father’s Day is observed with fireworks and acts of…
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