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.
Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one.
I've always liked watching team sports. Sometimes you don't even have to be watching a game to know how things are going. You simply have to listen. You can hear the winners.
Not yet using LinkedIn to help you find qualified professionals? You should be.
When we moved into our home, a row of six tall and bushy pine trees provided ample shade and privacy for our back yard.
Forbes reported that millions of employed Americans are switching employers each month.
Spring is here and many of us are busy cleaning out closets and dusting the cobwebs that may have accumulated during the winter. While you are taking on spring cleaning projects, consider taking a fresh look at your finances.
If there is one thing that makes me angry, it is the statement stuffed into my cable television bill telling me that the price I have to pay has gone up.
This past week I watched Brian Tracy's video "Success is a Journey" a total of five times as I facilitated client orientations.
If you are one of the millions of Americans receiving a refund this year, following are several ways to put your refund to work.