October 3, 2019
Common Types of Trusts for Business Owners

Types of Trusts for Business Owners: The Comprehensive List

In my last article, we delved into basic trusts. We defined what they are, and how each type is used. Well, in this follow up article we dive into the weeds, so to speak. This article is an exhaustive list of the most common types of trusts, and will take you from A-Z, as we discuss the thirty-nine — yes, you read that correctly — types. So strap in as I make all these trust types that can be used in your financial planning, financially simple.
October 1, 2019
basic trusts

The 9 Basic Trusts – A Financially Simple Overview

As business owners, so much of our time and effort is poured into making our businesses successful. You plan for every possibility and eventuality. You mitigate risk while maximizing value. You pour so much of yourselves into the business side of your lives, but do you take as much care with your personal effects? Think about it, if you put so much thought into protecting your business, shouldn’t you put at least as much thought into your personal lives? Over the last few weeks, I’ve discussed the importance of estate planning. As I continue digging into the topic, I’d like to take some time to understand the nine of the most basic trusts. Trusts are a crucial part of managing your estate, so let’s take a few moments to get to know them.
September 19, 2019

Group Health Insurance for Businesses

In my last post, I uncovered some of the mystery about individual health insurance. With physicians’ fees, cost of treatment, and time lost due to illness, healthcare costs can add up quickly. So it’s vitally important as a business owner to protect yourself and your employees from these expenses as well as to provide them with the care they need to rebound as soon as possible. Just like individual health insurance, group plans can be confusing and are often vague in their pricing. It’s my goal to provide you with the group health insurance information that you need to make a confident and informed decision for your business’ needs.
September 17, 2019

Individual Health Insurance 101

Recently, I had the opportunity to sit down with a friend of mine to discuss health insurance. Admittedly, this is one of my least favorite insurance subjects just because it is so unclear. Individual plans are often confusing in their pricing, while group plans are rarely a “one size fits all” option. It always seems that no matter which type of plan you choose, someone is unhappy. However, individual health insurance is a vital piece in your business’ risk management puzzle. With that in mind, let’s unwrap the confusing world of individual health insurance.
September 12, 2019

Long-Term Care Part II – Insurance Options For Small-Business Owners

Recently, I discussed the huge impact that our need for long-term care has on our friends, our family, and on our business. The statistics paint a pretty clear portrait of just how wide-ranging the causes and the individual needs for long-term care can be. With that in mind, I’ve put together some long-term care insurance options for the small-business owner.
September 5, 2019
Long-Term Care Basics

Long-Term Care Basics Part I – The Numbers Behind the Need

When I was about sixteen years old, my grandmother came to live with us. We moved the “boys’ room” upstairs above the garage, and our grandma moved into what had been our bedroom. As a bright, young teenage boy, I was very aware of the situation that was taking place in our home, and it wasn’t long before I saw the toll that dementia takes on a person. Likewise, I quickly learned what a daunting task it is to care for someone who is suffering from dementia. I watched as my mother endured the stress and exhaustion of providing every need and taking every precaution to ensure Grandma’s safety and well-being. I’ve got to tell you; it can be overwhelming. As I look back on that time in our lives, I can’t help but think about the value of long-term care. It’s a term we hear pretty frequently, but how many […]