Although the PPP has been the most popular loan program for small businesses, it may not be the right solution for every business. There are other organizations offering loan programs, and even companies providing grants. Note that there are still elements you have to understand when applying for loans and grants. Read this article to learn more. If you need help reviewing your options, our team would be happy to assist you.
As we’ve "flattened the curve” of COVID-19 infection & as stay-at-home orders are gradually reduced, many business owners, possibly including you, are looking forward to returning to a new normalcy.However, this is a brand new territory for all of us & the risk of getting sick is still high, even possible lawsuits. As we shift to keep our business going, it is critically important to follow these guidelines to protect your business from liability while protecting your employee & customer health.
Most people believe that having an estate plan simply means drafting a will or a trust. Both wills and trusts are estate planning documents that can be used to pass your wealth and property, however, there is much more to include in your estate plan to make certain your family members access or control your assets should you become unable to do so yourself, and that all of your assets are transferred seamlessly to your heirs upon your death. Here are a few reasons to consider adding a trust to y
What the Coronavirus pandemic has brought us is battles toward staying healthy and sane when stuck at home and protecting our business to be fully operational in the midst of the crisis. Many business owners are now facing the tough decision of whether to persevere and keep their business going or to close it all down and walk away. If you are asking yourself this question right now, here are some things to consider before going down the bankruptcy road.
These past few months have been very challenging for all of us because of the COVID-19 pandemic that compels us to face our own fragility and mortality. Millions of people, of any age, healthy or with certain underlying medical conditions one day, got infected by the virus, confined in the hospital for several weeks, unable to pay their mortgage & bills, and unable to see their loved ones. Within our current reality, that "one day" has become an ever more real possibility.
Financial abuse of the elderly is on the rise and it is an unfortunate fact that predators emerge during times of upheaval to take advantage of people. That means the COVID-19 pandemic can leave your parents vulnerable in more ways than one. Even when things go back to normal, this chronic problem of financial exploitation will still be a risk so it is very important to take extra steps and educate your parents about the possible risks it may bring to their wealth and your future inheritance.
The last will and testament laws vary from state to state and so, the validity of your will depends on where you live when you die. Your will is a part of your legal documents, a baseline foundation of your estate plan that can ensure your wishes are respected by the people you love when you die. However, it may not be enough to protect your wishes as it does not keep your assets out of court and does not operate in the event of your incapacity. Moreover, it is useless if it is not legally valid
Nowadays, it is important to take extra care of yourself to protect your loved ones not only from the coronavirus disease but from accidents that may risk their lives. As we move toward a COVID safe world, it is vital to do everything you can to continue to protect yourself and your loved ones from getting sick. Getting a disability insurance ensures that you are financially protected in the event you become disable and that your family is free from financial burden. Read here to learn more.
Know that no matter how poor or rich your parents are, they especially must secure an estate plan because their affairs will affect you and will become your responsibility in the event they become incapacitated or die. Their estate plan ensures that their assets no matter how much or how little it can be will be distributed to their heirs according to their personal wishes. If you do not know whether or not your parents have estate planning in place that will help you best support them, read on.
Setting up an estate plan is critically important for business owners because owning a business is challenging even in the best of times and with the current global pandemic, things are much more overwhelming as you pivot to build the most stability for you and your business. If a whole estate plan feels too overwhelming right now, at least get an inventory of your assets and business in place, where your loved ones/partners and your team could access if you become ill or die. Learn more here.