Proven Partners For Financial Health
There are several important elements that every vendor contract should include to ensure that all the parties involved understand their obligations. Clarity of language and intent also make the contract more easily enforceable if there’s a problem. Knowing some of the...
When you’re in business for yourself, there are a lot of different possibilities you have to consider – including the fact that you or one of your business partners may one day decide to move on to something else, retire or pass away. A buy-sell agreement is one way...
Homeowners in the Royal Oak area often pay a premium to live in a prestigious neighborhood with better schools when compared with those in nearby counties. It is common for families to dedicate a significant portion of their household budgets to mortgage payments and...
Trusts require a bit more consideration and planning to add to an estate plan than a simple will. However, those who commit the time and effort necessary to create trusts often reap valuable benefits. Trusts are useful estate planning tools for people in a broad range...
It is more common than some people realize for entrepreneurs to start a company without ever writing out a business plan. Such entrepreneurs may consider themselves flexible and claim that they want to adapt their practices to real-time feedback. However, a lack of a...
Young couples who are building a family together and professionals who are thinking about their security need to put together estate plans. As do retirees, young adults and anyone else who has a vested interest in controlling their legacy instead of handing that power...
Bankruptcy is a legal process that enables consumers to get rid of their debt and start fresh through the court system. Depending on the type of bankruptcy filed, some consumers will have to make monthly payments to the bankruptcy court over a specified period of...
One reason that some people don’t file for bankruptcy is because they don’t want to lose their assets. They think of bankruptcy as a process of liquidating assets, paying off their creditors with the money from those sales and then having the rest of their debt...
Bankruptcy is designed to offer relief to debtors who have gotten in over their heads. For many debtors, the most immediate relief comes in the form of the automatic stay. The automatic stay is an injunction that goes into place as soon as your bankruptcy petition is...
Business succession planning is incredibly important for the future of a business. If you own a family business, it may also be quite important for your family's financial outlook, as you may view the business at least partly as something that you have built...
