The most important decision to make in establishing a trust may be the selection of the trustee. The trustee's role is to carry out the terms of the trust and fulfill its objectives. While there are several different types of trusts, this column will focus on the most common type, the revocable living trust, and the selection of a successor trustee.
Keeping a handle on our lives and time are key to being able to succeed. Many of us make "to-do" lists, but few of us take the time to weigh the things on that list for their relative importance, both professionally and personally.
Most of us are familiar with the old adage, "You can lead a horse to water, but you can't make him drink."
Saving for college can be intimidating. Added to this necessity is the current crisis we are facing in our personal lives due to the financial and energy markets.
Last week, the Super Bowl-winning New York Giants traded tight-end Jeremy Shockey to the New Orleans Saints. Shockey had been a Pro Bowl pick for a number of years and had solid statistics, including having 371 catches for 4,228 yards and 27 touchdowns in 83 regular season games with the Giants.
True go-getters do not amass power by worrying about their titles or the size of their offices. Instead, they know how to lead and keep loyal employees.
At 18, you are now an adult in the eyes of the law. You can enter into contracts, buy and/or sell property, real estate or stock, marry, sue and/or be sued, make a will, inherit property, vote, serve on a jury, control your own medical treatment and join the military, but still have NO rights with alcohol. Your parents no longer have to support you. You are responsible for your own taxes and insurance and must register for the military. You are no longer entitled to the protection of the juvenile court system.
The nearly 80 million Americans born between 1946 and 1964 may pride themselves on being different, but they have at least one thing in common: They are all "baby boomers," the largest generation in American history. The oldest of them are now reaching an age commonly associated with retirement, and each day over the next two decades thousands more will follow.
If you hire someone to help around the house or to watch your children, you may be subject to the often overlooked "nanny tax." Simply put, the nanny tax is a payroll tax due on certain household employees' wages.
Research suggests that people will be more engaged, more productive and considerably happier at work when they use their strengths.
When it comes to record-keeping, entrepreneurs fall into two categories: "Neatniks" who toss every piece of paper that hasn't been handled in the past week, or "Ratpackers" - those who save every scrap of paper and receipt they ever see. When running your business we all know there are certain documents that should be filed for a certain length of time, but we never can seem to remember which is what.
If you have wondered how to survive in a down market, you are not alone. Many investors worry about selling out too soon and then having trouble getting back into the market.
Have you had a legal compliance check-up for your corporation or limited liability company lately? Did you use one of those online services to form your own corporation or LLC and wonder if you did everything that was necessary to properly organize your business entity? Are you covering all of the legal bases in the organization and operation of your company? One frequently missed area for small businesses is compliance with securities laws.
Countless books and articles have been written about the tasks of those in management. The majority concern themselves with planning, organizing, controlling, coordinating and leading, which means everything in theory and nothing in practicality to the manager responsible for getting things done.
For start-up entrepreneurs, hitting up family and friends is the most common way to get started but it's often the riskiest. This method, however, accounts for more than 70 percent of all venture dollars for start-ups.
Do you remember when Google was just a cool and reliable Internet search engine? PC Magazine recognized the company as the search engine of choice in the top 100 Web Sites for 1998.
Books like "Built to Last," "The Breakthrough Company," and "Good to Great" were written to help business people improve the companies they own, lead and run.
The housing market in the Santa Clarita Valley started the New Year tentatively, yet encouraging news abounds as the traditional Spring home buying season approaches.
If you wonder why your sales people aren't more productive, aren't making enough presentations and are slow to close deals, it might not be the industry you are in, your location or the economy not cooperating.
According to the recent news release from the Bureau of Labor Statistics the US economy added 113,000 jobs in January 2014 and, "…job gains occurred in construction, manufacturing, wholesale trade, and mining…Employment in manufacturing increased in January (+21,000)…Manufacturing added an average of 7,000 jobs per month in 2013."
Years ago a major manufacturer hired a research firm to conduct a survey of the cultural climate of the company.
Under the federal Ability-to-Repay rules that went into effect Jan. 10, lenders received guidelines on the type of financial information homebuyers must provide lenders when seeking a loan.
Research suggests that employees do not leave because of the company they work for, but they quit because of their manager.
What is our fascination with forecasts? Are they really helpful and how can we use them for planning purposes?
At the end of the first month of the year, are your objectives for 2014 being met? Have the results versus your goals left a gap? Are you worried that what happened or what didn't happen in January can spread to February? Or March?
In May, 1976 I had just finished what I first thought was my junior year of college. When I put a pencil to things, I discovered I was not 12 months away from graduation, but closer to two years.
When you think of California do words like innovative, leading-edge and trendy come to mind? A place where new ideas first take root before they become woven into the very fabric of the national culture and industrial base before becoming recognized around the world as being uniquely "American". If so, you may be surprised to learn that in one area, the critical business process of selecting and hiring new employees, California is lagging behind the rest of the country.
I recently conversed with the owner of a profitable company. She was interested in addressing some issues so she could return her attention to growing the business.