Houston (and the rest of the country), we have a problem. A big one that is completely fixable and yet looms on the horizon as we all get closer and closer by the day.
Here’s the problem: most of us are broke. Many of us are one or two paychecks from being out on the streets. Seventy Four Percent of Americans over 65 live below the poverty line. That’s currently the grand sum of $23,400 A YEAR! With an aging population overall, and the lack of funds available to live on, there is bound to be a huge collision.
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Circus elephants are forcibly trained to remain in a small space from the time they are babies, purportedly “forced to stand on a concrete floor for six months in a very confined space, unable to lie
Thank you for taking the time from your busy schedule to hear a message that your school district is most likely NOT sharing with you. In just a few short minutes I want to share with
You may have heard various dates thrown around predicting when the Social Security trust fund will finally run dry. It’s a favorite current events small-talk subject (or maybe that’s only in the finance-nerd circles I run
There are truly very few things that I am actually passionate about in life. At the top of the list of the things I am passionate about is my son, who is absolutely my pride and
Decide to get your will done or re-evaluate your current one. Understand the valid need to have a will and its effects if you don’t. I’ve had two close friends die within the past few years and neither one had a will. They left their surviving spouses and family scrambling about to try and accomplish the many needed legal procedures, such as probate court; hiring an attorney to represent you in court; bank and savings account disposition. They were both lucky in one respect—neither had juvenile children and the associated problems of where and to whom they might be placed.
This all occurs at a time when all your available time has been compressed due to all of the running around and the accompanying research time trying to figure out just where and what needs to be declared and/or discovered in some instances due to one spouse either doing all the finances or a spouse letting the other spouse do everything. I attended and was a witness for one of the spouses and it involves lawyer dispositions and court “face time” not to mention the cost of all of this at a time when your finances are under strain.
Some of the major factors you should consider when you start the will process are: disposition of non-adult children; providing for individuals with special needs or circumstances; wealth transfer taxes; planning for the transfer or disposition of a closely held business interest; protecting assets and legacies from potential creditors; providing for a favorite charity, achieving “equity of inheritance” among beneficiaries and heirs.
If you’re married or in a relationship with a significant other and your interests are mutual, you should get with them to determine the best plan that you both can agree on and then write your respective wills. The last part is to have the will or wills executed which makes the will a valid legal document.
Those that don’t know me or what my daily routine looks like tell me I make life look easy. Those that do know me well tell me they don’t know how I do it. The truth
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So, you want to open your own business? Great! Already have a small business started? Kudos to you for chasing the American dream, my friend. However, if you’re not careful in how you account for your money,
It happened again. I got THE call. “Barbara (said in THAT voice followed by a sigh), it’s Susan. I gotta talk to you. Call me.” The situation was this: Susan had just been laid off. Fired.