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Intrafamily Loans and How They Work

Posted by Gregory Robinson | Apr 12, 2024 | 0 Comments

An intrafamily loan is a financial arrangement between family members—one who is lending and another who is borrowing. An intrafamily loan may be used to help a family member who needs money for a number of reasons: ●       buying a home ●       funding or purchasing shares in a business ●   ...

Who Will Care for Your Child When You Cannot?

Posted by Gregory Robinson | Apr 03, 2024 | 0 Comments

As a parent, you are responsible for the care of your minor child. In most circumstances, this means getting them up for school, making sure they are fed, and providing for other basic needs. However, what would happen if you and your child's other parent were unable to care for them?   It is i...

Beware of Nonlawyers Acting Like Lawyers

Posted by Gregory Robinson | Mar 23, 2024 | 0 Comments

When people think about creating an estate plan, they may think it just involves getting a set of forms that convey their wishes regarding their finances, health, and what will happen to their stuff when they die. Although the documents that comprise an estate plan may seem like simple forms, the...

Exit Strategies for Business Owners

Posted by Gregory Robinson | Mar 13, 2024 | 0 Comments

Starting a business requires a great deal of planning and execution. Exiting from your small business should entail a similar level of forethought and preparation. Nevertheless, some surveys indicate that nearly half of business owners have no exit strategy.[1] After years of expanding your busi...

Demystifying Probate and the Executor’s Role

Posted by Gregory Robinson | Mar 05, 2024 | 0 Comments

When creating a last will and testament (commonly known as a will), one of your most important considerations is who to choose to serve as the executor (also called a personal representative) of your estate. As the name implies, the role of the executor is to execute the instructions that you p...

What Is a Residuary Clause and Why Is It Important?

Posted by Gregory Robinson | Feb 22, 2024 | 0 Comments

When developing your estate plan, it is nearly impossible to address every account or property you own. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the es...

How to Prepare Your Business for an Economic Slowdown

Posted by Gregory Robinson | Feb 19, 2024 | 0 Comments

Financial winter is coming. Or is it? Despite renewed optimism that the US economy can avoid a deep downturn, economists say the chances of a recession in 2024 are still about even. Small businesses are feeling the pain from high inflation, declining consumer confidence, and other economic headwi...

The Guide to Creating or Updating Your Estate Plan

Posted by Gregory Robinson | Feb 16, 2024 | 0 Comments

Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential there is to be caught unprepared in an emergency. So how can you motivate yourself and your loved ones to begin the process? Here are some strategies ...

Revamping Your Business Model

Posted by Gregory Robinson | Jan 31, 2024 | 0 Comments

Good business ideas have a simple elegance that can spur entrepreneurs to ask themselves, Why didn't I think of that? Or maybe they did have a good idea but lacked the foresight to turn it into an effective business model. Inspiration alone is not enough to succeed in business. Ideas must be acc...

Watch Out for Stolen Items in Your Loved One's Estate

Posted by Gregory Robinson | Jan 29, 2024 | 0 Comments

Your family member went through a meticulous estate planning process to organize and distribute money and property for the benefit of their loved ones, including you. But you may suspect that some of the high-value items in their estate originated as stolen property. The possibility of discoverin...

I'm a Survivor . . . and Now I Have My Own Trust?

Posted by Gregory Robinson | Jan 27, 2024 | 0 Comments

Many married couples share almost everything, including finances. This may be reflected in their estate plan by using one joint living trust instead of two separate trusts. Separate trusts can provide greater flexibility, but a joint trust can be structured so that when one spouse passes away, th...

Managing Business Relationships

Posted by Gregory Robinson | Jan 25, 2024 | 0 Comments

Americans have a “pull yourself up by your bootstraps” mentality that speaks to our individualism and enterprising spirit. This mindset is especially pronounced among business owners, who have chosen to forego the typical employment route in favor of creating their own enterprise Independence is...

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