Punitive damages are damages imposed to punish certain defendants for malicious conduct, fraud or other despicable conduct. In California, punitive damages have nothing to do with compensating the victim of such conduct. Instead, they are imposed, in addition to compensatory damages, to punish the defendant for egregious or despicable wrongdoing.
If you haven't owned a primary residence for three years or more, you need to read this.
Avoiding probate is one of the major reasons (and often the only reason) that my clients give for wanting to establish an estate plan. Most of them have heard that a Living Trust can avoid the cost and delays associated with probate and allow assets to transfer to the beneficiaries without court intervention. In most cases, if the trust is properly drafted and funded (many trusts that I review are not), this is correct.
An informal survey of business owners conducted last week provided some interesting lessons learned that might be applicable to most anyone who owns or runs a business.
The current financial crisis has owners, managers and employees worried about their companies, their jobs and their futures.
Despite some recent reforms, federal and state taxes can still take a big bite out of inherited assets, including retirement plans, but there are some special circumstances.
Some people were born organized and then there are those of us who struggle with organizing every year at this time. It seems that it's always at the end of the year when that little annoying bug begins nudging you to clear things up and start the new year organized.
The credit and financial market is definitely not in good shape, so entrepreneurs may find that they must dip into their personal finances to keep the business running.
Who should have grandma's dining room table or diamond ring? How should family photos be distributed?
A cursory review of media reports nationwide in recent months revealed an alarming number of instances of costly damages to buildings due to negligence or procrastination with roof repairs. Consider:
The answer: Not likely if government doesn't overreact.
Over the long Thanksgiving weekend I thought about those things that make the translation from school days to the working world. I did a simple compare and contrast analysis to see what tools were used in school as they related to business ownership.
When the Green Bay Packers football team hired Vince Lombardi as its new coach, he was intrigued with the challenge of turning the franchise around. Naturally, Lombardi being Lombardi, was all pumped up about it.
As a follow up to the previous article about couples' retirement strategies, following are some points in planning and protecting your retirement plans should you wish to consider variable annuities and their special income guarantees not offered by any other investment.
With the normal challenges of retirement planning and the current financial crisis adding pressure to your planning, will your retirement portfolio be able to maintain your current lifestyle?
While most financial experts agree that saving should be a part of every household budget, many Americans admit that they aren't prepared financially for life's unexpected challenges and emergencies.
Tomorrow is Monday, January 6, and people will be back to work. Hopefully, the company plan for 2014 has been nailed down and assignments to key result areas are known and responsibilities for achievement assigned.
Most individuals have read numerous articles on how to prepare for an interview as a job candidate. However, as an entrepreneur or hiring manager, how much time have you spent improving your skill set to effectively screen applicants and conduct interviews to optimize your potential to select the best candidate? If you're like most entrepreneurs or managers, your answer to that question with be somewhere between little and none.
Tens of thousands of owners who once again have equity in their homes have much to be grateful for as 2014 dawns.
As the year comes to a close, it is appropriate to look back and ask why some businesses have survived and others went by the wayside; and to understand why some businesses have done well.
Most of the business owners I know are either finishing up a solid year and want to continue the good times into 2014, or they had a less than stellar year and want a different ending a year from now. Which is it for you?
If voters get their way the 30-year home loan will be here to stay, yet retention of what has been an invaluable tool in building the nation's middle class while opening home ownership to generations of citizens may now be more a function of politics than economics.
Business owners are busy this time of year but being asked to answer tough questions is an essential part of success. This list will start the process of evaluating how 2013 was for you and your business.
Business owners and leaders often stray too close to a situation to see the entire picture. One of the responsibilities as a Trusted Advisor is to observe what is happening from a vantage point to provide a fresh perspective to clients that may not be otherwise noticed.