A riddle: What is entirely yours, but owned by someone else? Answer: Your password. Believe it or not, you don't own your password. It's the property of the parent site. Even though the content belongs to you, your Facebook, Gmail, and OneDrive accounts are, legally speaking, owned by Facebook, Google, or Microsoft...
Not too long ago, tax minimization or avoidance was a motivating factor for large numbers of people to engage in estate planning. Just 15 years ago, a 55% estate tax kicked in for estates worth just $675,000, an amount that many families could easily exceed once they added life insurance benefits...
Choosing a trustee is a very personal matter and should never be left to chance. Doris Duke, heiress of Duke’s energy and tobacco fortunes, didn’t seem to know her trustee very well at all. After Duke passed in 1992, her trustee bilked the estate for over $1 million. It begs...
The Big Bang Theory actress Kaley Cuoco is one of the highest paid actresses on television. She earns one million dollars per episode and has a net worth of $44 million. Before she married tennis star Ryan Sweeting in 2013, Cuoco asked him to sign a prenuptial agreement (“prenup”). After less...
A recent study conducted by Texas Tech University concluded that the ability to make smart financial decisions peaks at age 50. This decline was observed in both men and women, making both sexes equally vulnerable to financial fraud as they age. 4 Tips to Protect Your Older Self From Scams, Shams and Schemes...
Asset protection is a hot topic these days. Most advisors will tell you that incorporating or setting up an LLC will protect you from personal liability if your corporate entity is sued. However, there are many other less well known, but sometimes even more effective asset protection tricks you can use...
Whether you are a physician or not, you probably know that the practice of medicine is a profession fraught with liability. It’s not just medical malpractice claims either – employment related issues, careless business partners and employees, contractual obligations, and personal liabilities add to the risk assumed by a physician...