Can You Be Enlightened with Peak Potentials Training? Posted By : Gemma K. Richardson

Peak Potentials Training, as well as other projects by T. Harv Eker, have Rentalix v1.0 been getting a lot of attention lately. People say that this training company can really help you rise to the top, and start making money in a way you’ve never been able to before. However, it can be hard to tell if a product like this is just hype, or if it really has something to offer…

General Asset Protection Information Posted By : Berber

Asset protection has firmly established itself as part of every successful American’s life. Small Fundya v1.0 business owners have to worry about losing their business to the frivolous lawsuit. Government regulators, the IRS, and half the entitlement Joes are waiting to take away everything they have. You won’t find many lawyers that do asset protection planning for their clients, because the lawyer is going to make a ton more money cleaning up the mess after you are attacked than they would preventing the mess. Common disasters, like lawsuits, divorce, taxes, illness, and identity theft are something every one of us faces daily. Any one of these common disasters is a major asset protection threat to your financial security. Doing some asset protection planning today will make a big difference when you get hit by one of life’s disasters.

Most asset protection techniques are based on the concept of ownership. When you are attacked through one of the asset protection threats, you can only lose what you “own.” Asset protection planning usually breaks up assets between spouses or other family members. The trick in asset protection planning is to move ownership away from you and still have you control the assets and get the beneficial enjoyment of the assets.

Most of the houses around mine have businessmen or professionals living in them. I know all of my neighbors, but one day I looked at the land plat of our neighborhood, and none of their names appeared on the county records. They use a lot of different asset protection planning techniques, and in every case, “ownership” of their house has been removed from them. Usually the spouse is the direct or indirect owner of the professional’s house. If the spouse directly or indirectly owns the house, it will be protected when the business has a problem or the professional is sued for malpractice. Have the spouse’s living trust actually own the house, so that you don’t end up probating the house if your spouse dies.

There are only a few “legal tools” that an attorney can use to move ownership of assets in an asset protection plan. Living trusts can be used to hold assets, but you should note that they don’t give you good asset protection. The trust is not protecting the property. Corporations are good asset protection shields. They are primarily used in business structuring, but they can form part of a family asset protection plan. Limited partnerships are another good asset protection tool that can be use in a business structure or a family’s asset protection structure. When they are used in a family asset protection plan, they are called a Family Limited Partnership or FLP. In today’s legal arsenal, the most flexible tool we have is the LLC or Limited Liability Company.

In any asset protection plan, a living trust needs to be used to hold “ownership” of the other entities used, such as the LLC, FLP, and corporations. Using the living trust as part of your asset protection plan, you can avoid lots of estate taxes, avoid probate, and even manage assets from your grave.

Order my new book, Guaranteed Millionaire, and learn how to structure your asset protection plan with the living trust at the core. With you order of Guaranteed Millionaire, make sure they include the asset protection DVD, Using the Law to Make Money and Protect Your Assets. It’s FREE. Yes, the DVD, which is normally $19.99, is yours FREE. It gives you a great tour of the asset protection tools you can use today.

General Asset Protection Posted By : Berber

Asset protection is becoming an important part of Casperon middle income Americans’ lives. Small business owners have to worry about losing their business to the frivolous lawsuit. The IRS, other government regulations, and a dozen other predators are out to get them. Most lawyers don’t really concentrate on asset protection, because they make their living cleaning up the mess that comes when somebody tries to take your assets away from you. Life’s disasters, such as taxes (the IRS is a disaster), divorce, ID theft, lawsuits, major medical problems, and accidents are something we all face. When one of these disasters strike, it is a major asset protection problem. If you do some asset protection planning now, you’re financial outcome following one of life’s disasters will be a lot different than it would be if you do nothing.

All asset protection centers around ownership of property. If you don’t own it, they can’t get it when they attack you. Your spouse or children will own all or part of “your” assets. The trick in asset protection planning is to move ownership away from you and still have you control the assets and get the beneficial enjoyment of the assets.

The majority of homes on my street have doctors or other professionals living in them. I know all of my neighbors, but one day I looked at the land plat of our neighborhood, and none of their names appeared on the county records. Each one of my neighbors has done asset protection planning, and the “ownership” of their house isn’t in their name. Often the spouse, not the professional, owns the house. If the asset protection plan is set up so the non-professional spouse owns the house, then when the professional is sued, the attacker probably can’t get the house. Actually, don’t have your spouse own the house in his or her name directly, have the house “owned” by a living trust, so that you can avoid probate if he or she dies.

There are a limited number of asset protection tools that an attorney has available to “move” ownership of assets. Please note that living trusts are not good asset protection tools. The trust is not protecting the property. Corporations are good asset protection shields. They are primarily used in business structuring, but they can form part of a family asset protection plan. Limited partnerships are another good asset protection tool that can be use in a business structure or a family’s asset protection structure. A limited partnership used as part of the asset protection plan for a family is called a “Family Limited Partnership,” which is often called an FLP. The most flexible tool an attorney has for asset protection is undoubtedly a limited liability company (LLC).

In any asset protection plan, a living trust needs to be used to hold “ownership” of the other entities used, such as the LLC, FLP, and corporations. Using the living trust as part of your asset protection plan, you can avoid lots of estate taxes, avoid probate, and even manage assets from your grave.

Order my new book, Guaranteed Millionaire, and learn how to structure your asset protection plan with the living trust at the core. With you order of Guaranteed Millionaire, make sure they include the asset protection DVD, Using the Law to Make Money and Protect Your Assets. It’s FREE. The DVD normally sells for $19.99 without the book. It gives you a great tour of the asset protection tools you can use today.

How to Name a Guardian in a Will Posted By : Berber

It is difficult for the court to appoint Dectar guardians for children whose parents have died without writing a will and naming the guardians. It is really one of the saddest areas of Estate Planning law that I deal with. I have seen families torn apart when the judge names his final determination for guardian. Of course the judge does the best he can, but without a will naming the guardians, he can’t know what the parents really want. The kids are often taken away and their family seldom, if ever, sees them again.

I also have couples come in to do their estate planning and they can’t ever complete the task, because they can’t select guardians for their kids. It is a hard decision. Who wants custody of your children? Who will best raise your children? Where will your children be raised? Will the kids be treasured?

When doing your estate planning, you need to carefully pick the guardians for your kids. It isn’t easier for the judge, than it is for you. You need to act now to make sure your children are protected by naming guardians for them in your will. If you are a grandparent, you need to make sure your kids do their estate planning or at least have wills that name guardians for the grandchildren.
As a grandparent, you need to make sure your kids have wills that name guardians for the grandchildren as part of their estate planning. There was one estate planning case where the grandparents hoped to raise their grandchildren when their parents were in an auto accident and died. There wasn’t a will. No estate planning had been done.The judge appointed a shoestring relative as guardian.
The Court was petitioned by and appointed a distant relative to be guardian. Shortly after the accident, the grandparents had me make out their own living trust. Their estate plan provided that a substantial amount of their assets be left to the orphaned grandchildren. The grandchildren were just removed from the list of beneficiaries in the trust and will, after twenty years, at the grandparents’ request. It has been twenty years and the grandchildren haven’t seen and don’t even know their grandparents.

When you name guardians in your will, the probate court will make the final determination and give that guardian legal custody and legal authority to raise your children. The judge will almost always appoint the selection you have made in your will. It is important before you do your estate planning or make a will to take a moment to think about who and what you really want for your children’s guardian. You can “educate” the probate court in your will about what you want in a guardian, if you understand the whys. You should make two or three different guardian selections in your will. Suppose the first in line doesn’t work for some reason, the next in line will fill the place until one can serve. Every selection the court considers should have restrictions or things for the court to look at. You don’t know how many years from now the guardians will start to serve, so you have to take that time lag into consideration.

For example, you could restrict the grandparents’ service on the condition that they have the health to take care of the grandchildren. When you want to place the children with an aunt or uncle, put the restriction that they are still happily married to their same spouse. If it is important to you that your children be raised in your family home, or in a specific religion, add that restriction. The judge would appreciate any help you give the court. Lawyers seldom put restrictions like these in a will; it isn’t worth their time. Ask your attorney to include these restrictions in your will.

Get in depth information on estate planning including information on naming guardians in Guaranteed Millionaire, my new book. Naming guardians won’t give you a million dollars, but sometimes things are worth more than money.

Take the first step to protect your financial future by ordering my FREE DVD!

How to Make Sure Your Trust and Will Avoid Probate Posted By : Berber

The words “living will trust” are not really good Brodiestire and Automotive legal terminology. However, a lot of people use the term when they are first investigating a living trust. A will is what people naturally think of when we think of how property will be distributed after someone dies. A trust also distributes property after a person’s death, which can lead to the confusion and the use of the term “living trust will.”

A living trust and a will are separate and distinct, although a living trust can be thought of as taking the place of a standard will. So, as a lawyer, if someone asks me about a “living trust will,” I’m not sure what they would like.There is a legal document called a living trust and a different legal document called a will. Actually, there should always be a will accompanying a living trust. It is called a “pour over will.” A pour over will is a safeguard mechanism for a living trust.

Sometimes living trusts are known as –“living revocable trust” or “revocable living trusts”. The key here is that they are revocable. Being able to change or rescind the trust at any time is a key element of the revocable living trust. Living trusts will enable people to leave more to their heirs, while avoiding estate taxes and probate. Only if a living trust is properly set up and managed will the heirs be able to avoid the probate process.

Most people who get a living trust do not avoid probate. There is a legitimate argument in the legal community against living trusts, because so many of them fail to give the probate protection that was “sold” to the family. The dilemma is not caused by the trust. The way attorneys are educating their clients is the problem. In order to avoid probate, clients need to be educated on how to “use” their living trust.

The deceased’s assets will need to be probated if the living trust does not function properly. There is no other option than going to the probate court for a prolonged legal proceeding. When there is a will, the probate court will use it to help them make decisions throughout the probate proceedings. An “intestate” proceeding is what takes place when there is no will. When someone dies without a will, he or she is said to be “intestate.”

A pour over will should be drawn in conjunction with a living revocable trust. When there is a pour over will and if for some reason the assets need to be probated, the probate courts will look to the pour over will to help with the probate process. The pour over will won’t be needed if the trust works properly and actually avoids probate.

A pour over will does not outline how property is distributed in the same way a traditional will does. When property needs to be probated, the pour over will tells the court that all of the property should be “poured over” into the living revocable trust, and then distributed as outlined in the living trust. In his new book, Guaranteed Millionaire, Lee R. Phillips discusses in detail revocable living trusts and pour over wills. In addition, click the link to order Lee’s FREE DVD, “Using the Law to Make Money and Protect Your Assets.”

Guardian Selection is so Important in a Will Posted By : Berber

It is always a tragedy when young parents die and it is especially sad, when adult care pro they have failed to write a will and name guardians. This is one of the saddest areas of Estate Planning law that I deal with. When the judge gives his final determination for guardian, he does the best he can, but without a will naming guardians, he can’t know what the parents really want. I have seen families torn apart when the judge makes his final determination. The kids are often taken away and their family seldom, if ever, sees them again.

I also have couples come in to do their estate planning and they can’t ever complete the task, because they can’t select guardians for their kids. Picking guardians is difficult. Who wants custody of your children? Who will take the best care of them? Where will your kids be brought up? Will your children be lovingly cared for?

Who do you pick as guardians for the children when you do your estate planning? It isn’t easier for the judge, than it is for you. Protect your children by naming guardians for them in your will. Do it now! If you are a grandparent, you need to make sure your kids do their estate planning or at least have wills that name guardians for the grandchildren.
As a grandparent, you need to make sure your kids have wills that name guardians for the grandchildren as part of their estate planning. There was one estate planning case where the grandparents hoped to raise their grandchildren when their parents were in an auto accident and died. There wasn’t a will. No estate planning had been done.The judge appointed a shoestring relative as guardian.
A shoestring relative was appointed by the Court as guardian. The accident acted as a wake up call to the grandparents to get their own estate planning done. They called me and I helped with the trust, wills and other documents. Their orphaned grandchildren were to be left with a substantial amount of their estate. I just helped the grandparents update their trusts and wills, after twenty years, and the grandchildren were removed from the list of beneficiaries. It has been twenty years since the grandparents have seen the grandchildren.

The guardian is who the probate court will give legal custody and legal authority to raise your children, after considering who you name in your will. The judge will almost always appoint the selection you have made in your will. Before you do your estate planning or draw up a will, take a moment to think about who and what you really want for your children’s guardian. It is an important part of the process. As you write your will you can “educate” the probate court because you understand what it is you want. You should make two or three different guardian selections in your will. When the first selection, for some reason, is unable to serve, then the next in line will serve until one can serve. Every selection the court considers should have restrictions or things for the court to look at. Consider that there may be quite a time lag before the guardians could start to serve and anticipate the changes.

The grandparents’ service to take care of the grandchildren could be restricted on the condition that they have the health to do it. Protect the children by putting the restriction on the aunt or uncle that they are still happily married to their spouse. You could ask the judge to have the guardians raise the children in your family home, or have them raised in a specific religion. If you give the court guidance, the judge would appreciate it. Lawyers seldom put restrictions like these in a will; it isn’t worth their time. Ask your attorney to include these restrictions in your will.

Get in depth information on estate planning including information on naming guardians in Guaranteed Millionaire, my new book. Some things are worth more than money. Naming guardians won’t give you a million dollars, but it will be well worth it to you.

Order my FREE DVD now to receive more information on protecting your financial future.

Let’s cut power bill and save the environment Posted By : kaven

I believe that every one of us is finding ways to cut the electricity bill and other household expenses utgcasaenmiami wherever possible during this uncertainty economic climate. We either want to eliminate or delay unnecessary expenses like expensive vacation trip, dinning at luxury restaurant and so on and so forth. However, the electricity bill left to be the one of the most challenging bills to be reduced especially for those who have a lot of power sucking appliances at home.

Mortgage Rate Modification: Do I Qualify? Posted By : James Sopher

There are certain conditions whereby lenders will consider doing a modification of mortgage. It might be through a mortgage rate modification, or through some other change to the terms of your mortgage. This article explores those scenarios, and also looks at other options you may have to save your home from foreclosure.

4 Common Credit Card Debt Settlement Mistakes Posted By : Teri Miller

Handling your debt settlement can negatively or positively impact your long-term financial status. Sometimes just paying off your credit card debt can be damaging to your financial status.

To positively impact your financial status, you need to carefully analyze your decisions. You also want to avoid legal issues that could complicate an already escalating financial crisis.

Certain methods and mistakes will sabotage the most well-intentioned plans. Most importantly, you want to avoid increasing your credit card debt further.

1. Why Not To Close Your Account

Unable to meet rising interest rates and debt balances, some consumers simply opt to give up! Don’t fall prey to this trap. Simply closing the accounts, while it solves the issue of new debt, could cause problems. Closing an account may cause your credit rating to fall drastically and your interest rates to increase as a result.

Try this alternative: once you’ve made a decision not to use your credit cards, hide your card or cards away or cut them up. Make yourself a promise and keep it. No new credit card purchases. Meanwhile, continue settling your existing credit card debt. You will eliminate the debt and the spending, without negatively influencing your FICO score.

2. Beware Debt Consolidation

Debt consolidation is a popular debt relief option. And it has helped some people to settle debts and improve their financial picture. BE AWARE: it is not necessarily the best option for your situation. There is no one size fits all debt relief program.

With debt consolidation, you obtain a new loan from a new creditor that will pay off all your existing debt. Next, you settle those accounts by using checks issued to them by your new creditor. For example, the debt consolidators could be the new lender. You now have only one monthly payment, rather than several. You could also negotiate a low monthly payment on your loan. However, that may extend the life of your loan and payment period.

Of course, these debt consolidators charge an up-front fee. Your credit report may reflect your use of a debt consolidator, with the inclusion of a statement of “third-party assistance”.

3. Paying High Interest Rate

When the issue of credit card debt settlement arises, many debtors have late payments or are in default. Not talking to the credit card company is an obvious mistake frequently made by most debtors. Higher interest rates and fees are charged by the credit card companies as a result.

Talking with the company could solve this problem, since your being able to settle all of your debt balance is also in the interest of your credit card company. You now need to negotiate a lower interest rate and a payment schedule that you can meet. Once you have agreed on a lower interest rate, it’s important to make punctual payments to avoid voiding your agreement, adding more late payment charges to your balance, and raising the interest rate again.

4. The Hamster Wheel – Opting To Settle Minimum Balance

Making only minimum payments often contributes to increasing your credit card debt. If you pay only the minimum balance, your creditors love you. The creditor will be collecting a lot of interest from you on those minimum payments for a long time. If possible, try to make a payment for double your minimum amount as often as you can. You will eliminate a mounting pile of accumulating interest that could really hurt your financial future.

When using credit cards, the fantasy of an unlimited pool of money is easily believed. And the credit card companies have had a hand in the deception. Whether due to excessive splurging or having to pay monthly bills when unemployed, unimaginable credit card debts are an unwelcome reality for many Americans. Avoid these 4 common mistakes in credit card debt settlement.

Banks and Buyers – What They Want From You! Posted By : Michiel Van Kets

When you are applying for finance you need to provide a comprehensive history of your business. A similar statement is true if you are trying to sell your business. Potential buyers will require a history of your business performance and sales before there is generally any discussion or negotiation of purchase. Lenders will require business history relating to finances income credit profit and loss among other things.