When Is a Trust Involved in Probate? In general, a trust will help your estate to avoid probate. However, there are certain scenarios when probate may be required. In this article, we will consider one circumstance when a trust may be involved in probate. How a Trust Works When you create a trust, you [...]
Frequently Asked Health Insurance Questions As open enrollment comes to a close, we have found there are many common questions people have. In this article, we will answer four frequently asked health insurance questions. 1. Why can’t I enroll in a plan at any time of the year? Each year open enrollment last from November [...]
SEP IRA Basics SEP IRA stands for Simplified Employee Pension Individual Retirement Account. It is a type of retirement savings account. It is a useful tool for small business owners to fund retirement for themselves and their employees. In this article, we will go over SEP IRA basics is right for you. The Basics [...]
Foreign Tax Credit The foreign tax credit is a type of tax credit the IRS provides to some taxpayers. It helps to prevent double taxation. In this article, we will explain how the foreign tax credit works and how to properly claim it. Tax Credit vs. Tax Deduction First, it is important to understand [...]
LLC Operating Agreement An LLC Operating Agreement is a contract between the members of an LLC. This contract outlines the rules and regulations that govern business decisions. In this article, we will outline what an LLC Operating Agreement typically includes and why creating one may be advantageous for you. LLC Operating Agreement vs. Articles [...]
Pros and Cons of Annuities An annuity is a type of investment product. It can prove to be a valuable retirement tool. In this article, we will examine the pros and cons of annuities so you can determine if one is right for you. Annuity Basics To best understand the pros and cons of [...]
Retirement Planning for Small Business Owners Retirement planning for small business owners can be more difficult than for the average person. But successful planning is not impossible. In this article, we will give details on the keys to successful retirement planning for small business owners. The Challenges Small business owners face a unique set [...]
Payroll for the Self-Employed Payroll for the self-employed can be complex. It is important to understand how it works. It can greatly reduce your tax burden. In this article, you will learn how payroll for the self-employed works and how you can implement it. Self-Employment Tax If you make more than $400 through your [...]
Avoiding Guardianship Avoiding guardianship is what most people hope to achieve in their lifetimes. A guardianship is someone who has been court appointed to care for the financial and health care interests of another person. Many people find themselves needing to file for guardianship to help care for an aging parent. Why does this happen [...]
Variable Universal Life Insurance Variable universal life insurance is a type of permanent life insurance policy. Depending on your financial situation it can be a helpful financial planning tool. In this article, we will explain how variable universal life insurance works and what it can do for your portfolio. The Basics With a variable [...]
