Letting go can be hard to do, whether you’re a parent watching a child head off to college or an entrepreneur planning to wind up a business. But preparation can make a hard process a little bit easier.
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Winding Up A Business
Using Structured Settlements
Structured settlements are a mechanism designed to make sure someone who is injured receives compensation in a way that will best assure their long-term quality of life. While they are complex to set up, once they are underway, they can ideally ensure that plaintiffs have the income they need to recover or adjust to their new way of life.
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Off The Grid: Preparing For Power Loss
Once a major storm has passed through, people who emerged from it without injuries or major property damage are apt to feel relief. But that relief can quickly turn to frustration the longer the power remains off. If you live someplace where frequent storms or other natural disasters threaten to interrupt your access to power, the best time to plan is long before a storm arrives.
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College Savings Plans For New Parents
It is sometimes hard for parents of newborns to imagine their babies as teenagers heading off to college. But to be best prepared, parents should plan for that day proactively, even before their baby arrives.
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Harmonious Prenuptial Agreements
When done right, a premarital agreement is a pretty simple and straightforward piece of paperwork, not much more complex – and no less necessary – than getting the marriage license itself.
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Duly Noted
IRS Speaks On State Tax Workarounds… Taxpayers should be wary of supposed workarounds to the new $10,000 annual limit on deductions for personal state and local taxes, the IRS cautioned.
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Should I Buy Renters Insurance?
More people than ever are renting, which means more people than ever are curious about renters insurance – or at least they should be.
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Protecting Child Performers’ Earnings
Making it big at an early age is a dream that comes true for a small number of performers and their parents. Careful planning can boost the chances that these child stars will be among the even smaller group who remain successful into adulthood.
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Making Sense Of Tax Reform
Year-end tax planning was a fraught exercise in 2017 as tax reform made its way through Congress. Now that the legislation is the law of the land, the dust has begun to clear.
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Writing A Good Buy-Sell Agreement
Even if not everyone has a will, most people understand why they should. But knowing how a business will go on without an owner or a partner can be just as important.
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