You have an idea for a new business, and you believe it can be financially viable. However, you know that you’re going to need funds to get it started. This means taking out loans or getting money from investors. What worries you is that taking out this much debt...
Lehigh County Estate Administration Blog
Don’t fall victim to this common insurance estate mistake
Your life insurance policy could play a major role in your estate plan, but the way that you handle the policy and its proceeds could impact the legacy you leave when you die. Although you may think you have properly addressed your life insurance policy in your estate...
Avoid these common mistakes when creating your estate plan
Creating your estate plan can be a daunting task. There are many things to consider, and mistakes are easy. Here are some of the most common mistakes to avoid when making your estate plan. Five potential pitfalls Creating an estate plan is an important task you...
Errors made in a special needs trust can harm the beneficiary
When someone you love has a disabling condition, whether a genetic anomaly or the result of injury, the desire to protect them is intense. The urge to shield a loved one from hardships can become so powerful that it consumes nearly every part of your existence....
Legal considerations when selling a business
You’ve been running a successful company for years now and have decided it’s time to move on to the next chapter. You want to obtain the maximum value for the company and also ensure that the new owner has a stable platform to build from. One thing you want to do is...
3 traits of a good executor of an estate
There’s a lot that goes into a will – one important factor in deciding who will care for your estate after you pass away, also known as the executor of an estate. An executor of an estate, essentially, overlooks your estate in preparation for its distribution to your...
Could you propose an offer in compromise for your taxes?
Finding out that you owe a massive amount of unpaid taxes could be a huge financial blow. You may worry about criminal charges and jail time or the risk of the federal government garnishing your paycheck. Especially if there were numerous years where you underpaid...
When will the IRS settle for less?
If you owe the Internal Revenue Service a huge amount of money in unpaid taxes, it is possible to negotiate a discount and pay a lesser amount. You can do this by asking for an offer in compromise where the IRS can agree to settle for less than you owe. You must show...
How caregivers engage in the financial abuse of older adults
Providing support for aging, vulnerable adult is not an easy task. Many older adults need help with every aspect of their daily lives, from getting in and out of the shower to cooking their meals. They may need support remembering when to take their medication and...
4 important considerations when choosing a power of attorney
To most people, it is tough to imagine that a time will come when they will not have the capacity to make crucial decisions on their own. However, thanks to the prevalence of conditions like dementia, there is a chance this might happen to you. Fortunately, there is...