Elder Law Issues - Guardianship

Elder Law Issues – Guardianship

Scenario: Margaret and Susan are home for your holidays visiting their elderly father. They realize that he is still managing to deal with himself that his vision starts to fail. His bank checking account is overdrawn and the husband has money missing from his family savings where he has paid you to make repairs on the house that were never completed. Further investigation reveals which he has not yet paid his utilities for a lot of months but thinks it is all current. After talking with considered one of his close friends, they have got a reason to trust he or she is no longer able to handle his financial affairs.

What would they do?

The father didn’t carry out a durable power attorney that will allow his daughters to adopt over his affairs. Their only recourse is to file a petition with the court and ask that the court determine that their father is no longer competent to address his financial affairs and order that particular or both of them be appointed guardian of their father’s property.

This would require:

– Hiring a legal professional to draft the petition and apply for guardianship with the court;

– Paying the appropriate filing fees;

– Notifying parties in interest;

– Appointing of the Guardian at Litem in many states to represent a person’s eye from the father;

– Medical evaluation with the father to discover his mental and physical condition; and

– A hearing ahead of the Court to rule for the question of guardianship.

Filing a guardianship petition with the Court is usually an expensive and time-consuming affair. The only way to avoid this when confronted with elderly parents would be to have executed a durable power of attorney before aging parents become incapacitated. Consult with a competent attorney when …

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Is It Possible to Teach Someone to Be an Entrepreneur?

Is It Possible to Teach Someone to Be an Entrepreneur?

Is it possible to instruct someone to be a business owner?

There is an influx of sites developed by “entrepreneurs” selling to teenagers with goals for being the following big thing running a business. But is it possible to train entrepreneurs?

Having Combining Ambition Using A Natural Power To See Opportunity

I have mixed opinions about this subject. One is positive and something is certainly negative. There has been a lot of attention fascinated by well-known entrepreneurs with the media recently, creating a near-celebrity image of luxurious lifestyles and not ending bank balances. Too many young people this is the X-Factor of the business community. But in reality only not many entrepreneurs occasion to earn profits let alone tens of millions. We also only see the result of the has probably been numerous years of rejection and disappointment. It takes an incredibly strong character to go down the route of starting their unique business after which seeing your rough patches. I would strongly suggest then, that being an entrepreneur just isn’t something that you can be taught over completely from scratch. The gene must already be there, combining ambition using a natural power to see opportunity where others don’t.

The Lifestyle

Therefore when you have only seen the millionaire lifestyle and think you want identical but haven’t any business acumen. Then maintain cash and never buy any “Guides”, no matter how well known the entrepreneur is.

If on the other hand, you’ve been dabbling with starting your business and truly view the hard times that come before the rewards then search for a good web site offering information on how to take the first thing.

Once a person has had time to realize you need to travel a measure more and start the theory your next step could be raising …

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The Case For the Self-Directed IRA

The Case For the Self-Directed IRA

Emily is a professional woman with an active business and is a very busy person. So busy in fact, she depends on her financial advisor to invest her hard-earned retirement savings with the hopes of compound wealth with safe, secure investments. Emily is lucky. So far, he hasn’t lost a dime through his financial advisors.

However, not everyone is so lucky. On February 21, New Jersey’s Courier Post, published a front page story about a recently-deceased financial planner, who had clients that are now missing money. The amount is currently at $5 million, and growing. Where did the money go? So far, there are about 20 clients involved and that number continues to expand. All of them, like us, could not afford to lose the money.

A pillar of society, this advisor put many of these people in Certificates of Deposit (CD) that were fraudulent. How do I know this? My mother was one of those people. It has now turned into a class action suit and a potential criminal investigation. Certainly, the claimants will not be receiving 100% return on principal. Additionally, it has cost them even more money to retain attorneys.

I tell this story because all of us have the potential for a parent, child, friend, or others we know to fall prey to bad people. This is not to say every financial planner is bad, actually the majority are good.

Would these people involved in the lawsuit have been better off investing their retirement plans themselves?

Though Emily has had success, she is allowing other people to vote on her money. With a self-directed IRA or Individual (k), people have the ability to “drive their own bus” to wealth. Yes, this takes work. Perhaps the perception is that since we as customers are not experts in …

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Learn About the Various Trends of the Healthcare Venture Capital Market

Basics of venture capital market

The tight economic scenario prevailing the present years reveals how demanding the healthcare venture capital firms have become. They expect fast return on investment (ROI). So, a good deal of homework will help you reach the bottom-line financial figures existing in your medical venture capital plan and understand the minute details. You need to chalk out a promising business plan with the proper facts and figures in place. Since, the medical investment firms are interested in ROIs they will eagerly be interested in your financials if your plans and ideas are worth the risk of investment.

The chances of success

•             If your business requires VC from a medical firm, you can increase your fund receiving chances by learning where should your invest your efforts. In this regard, it would help if you compile a list of health care venture capital firms.

•             Next, you can acquaint yourself with the trends occurring in the healthcare sector and make a note of those trends which appeal the venture capitalists the most in the healthcare industry. This will allow you to plan your business strategies accordingly, broadening your possibilities of being awarded funding.

•             Your next move would be to target firms who are interested in funding businesses like yours. This is because; every healthcare venture capital firm has a specific area in the medical sector upon which they like to focus.

The latest trends

Experts of the healthcare venture capital industry have suggested that one upcoming trend in the medical industry is ‘e-health’. The e-health concept makes use of the internet to boost up and streamline the medical products and services. Though it invokes a big IT challenge but its main objective is to connect medical practitioners, hospitals, clinics and patients over the web. …

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How to Avoid Bankruptcy

Bankruptcy happens when a person or a business is unable to repay their existing debts. The process starts once the debtor or creditor filed a petition. In other times, bankruptcy allows a person or a business to start fresh. The company will offer creditors a chance to obtain a measure of repayment options based on what type of resources are available.

With that said, here are the five common tips to stay away from bankruptcy:

1) Sell your Assets- Once you notice you’re behind on your payments, take immediate action. Sell any item you have at home (books, old cds, bags, computer etc.) and use your earnings to pay off your debts. These days, there are several ways to sell stuffs: You can direct sell it and you can sell it online (Amazon, eBay, etc.)

2) Find Ways to Increase Income- Your hobbies and skills can absolutely help you earn some extra money to stop bankruptcy. If you can, you can choose to work overtime or apply for part-time jobs. Try browsing the web and apply for any virtual assistant tasks (link building, content writing, computer programming, etc.).

3) Ask for Help- Don’t be afraid to speak what’s inside your mind. Kindly inform your creditors about your current situation. These creditors are also human beings and they understand. But at the end of the day, you need to give your willingness on how you can pay your debts. If possible, ask them if they can ease your burden of lowering your interest rates and monthly fees.

4) Borrow Money- To me, borrowing money from family and friends is absolutely a bad idea. They have a life of their own and they also have their own way of escaping financial crisis. But in the real life, there’s always an …

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