Question on Property Holdings

Question: Do you recommend a different Trust for each individual property I own? K. Hoover Answer: Holding properties in separate legal entities is a good idea for asset protection purposes. A misguided scenario I see too often is to hold them in various land trusts. It doesn’t matter who the beneficiaries of the land trusts […]

S Corporations Dodge the Bullet

The Unemployment Compensation Extension Act of 2010 was designed to follow the “pay as you go laws,” which means, the bill needed to generate taxes equal to the cost of extending unemployment payments.

What does all this have to do with S corpor…

Need Some Extra Cash?

Beginning a business doesn’t have to cost much money. You can fill out and file the forms you need by yourself. Just be certain you take the time to be educated about the business form you use and why. I am bullish on the LLC.

Student Question on FICO Scores

Q.  Can an insurance company use your FICO score to raise your insurance premiums up on your personal residence if the trust owns the property? I plan to cancel the policy and have it re written in the trust name. A.  Insurance companies have figured out that