Should You Incorporate?

Why incorporate? There is a slew of reasons, including asset protection and tax benefits. Let’s look at each more closely: It’s easier to raise capital. Incorporating your business will make it easier to raise money because it adds a sense … Continued

How Divorce Affects Your Estate Plan

While your divorce is ongoing, make sure to meet your legal obligations to your spouse while exercising as much control over your assets as possible. Financial law is full of provisions designed to protect your property if anything happens to … Continued

Preventing a Will Contest

When you write a will, you have control over how your assets will be distributed after your death. However, if someone in your family disputes your will, a probate court judge could end up deciding who gets your property. Emotions … Continued

How Do Dividends Work?

A dividend is a payment made by a corporation to its stockholders as cash or stocks. As a shareholder, you can think of a dividend as your share of the company’s profits. Stock prices for financially secure companies typically don’t … Continued

The Importance of Beneficiary Designations

“Carol Page” got a call from the bank — an IRA from her deceased father was found and paperwork needed to be signed. But before the money was made available, a snag was discovered — her mother was named as … Continued

529 Plans: Know the Full Story

The coronavirus upended the lives of many college students who had to return home to learn remotely in order to try to slow the spread of the virus. At the same time, many students and their parents lost jobs or … Continued

What to Know About Charitable Contributions

To be deductible, charitable contributions must be made to qualified organizations. How do you determine whether the organization qualifies for income tax deduction purposes? Refer to the IRS search tool titled Tax Exempt Organization. See Publication 326, Charitable Contributions, and … Continued

Insurance Deductibles: Home and Auto Best Practices

How do you choose the right amount of deductible for home insurance? Let’s look at how a home deductible works: You generally pay your deductible every time you file a home insurance claim. There are two home insurance deductible types … Continued

ERISA: Your Retirement Rights

The Employee Retirement Income Security Act of 1974 — better known as ERISA — is, according to the Department of Labor, “a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to … Continued

Important Steps to Take If You Are In a Car Accident

Regardless of fault, even if you feel you were not hurt, you should not automatically refuse medical treatment at the scene. Research indicates that even minor accidents can leave a person injured. Days later, real pain can set in and … Continued