Last week, I talked about a will and provided 7 fundamental reasons why it is important to have one. In this post, you will learn about different types of wills that you need to be aware of before you draft your own one.
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Last Will and Testament: What Is It & 7 Crucial Reasons You Need to Have One
Since estate planning is a very sensitive topic and often raises more questions than answers, in this and my next posts, I decided to talk in more detail about each estate document that I mentioned in my last post. My goal is to provide more reasons that will support a real wake-up call for you to stop putting off dealing with estate planning, thereby taking on an unnecessary risk.
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Five Most Important Estate Planning Documents Every Adult Must Have in Place
In this video, I am talking about estate planning and 5 most important estate documents that every adult must have in place. These documents can protect you, your loved ones, and your assets from an unnecessary risk. Putting off adopting these documents can result in taking on additional risk and irreversible negative consequences for you and loved ones.
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Second Stimulus Check is on the Way
Finally, after months of negotiations and partisan disputes, Congress passed on Monday the new, $900 billion, Coronavirus Relief package. The second stimulus relief package is a part of a ~$2.4 trillion spending bill to fund the federal government through the end of September 30, 2021 and is supposed to be signed by President Trump as soon as it gets to the White House. In addition to new provisions, the new bill has kept some provisions of the CARES Act that was passed earlier this year. However, there were some significant changes you need to be aware of. Let’s look at important highlights of the new bill for individuals and small business owners.
Joe Biden’s Economic Plan: What Does it Mean for America?
On Saturday, the Associated Press and major TV networks called the presidential race and declared Joe Biden as the winner. Joe Biden has won 290 electoral votes and leads in Georgia, which can add additional 16 votes to his arsenal.
Despite the race being called, it seems that for the President Trump it isn’t over yet. Seeing and reading his personal and campaign’s tweets and comments, there is a chance of some lawsuits and a potential vote recount in some states. I don’t believe that this will change anything and thus, also “declare” Joe Biden as the 46th president of the USA. Given that, I’d like to briefly summarize Joe Biden’s economic plan key points and what we can expect going forward.
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Should You Participate in a Payroll Tax Relief Program? Most Likely Not!
About a month ago, President Trump signed an executive order that expanded economic relief to taxpayers. Starting September 1, 2020 and through December 31, 2020 employees can defer payroll taxes. [Read more…] about Should You Participate in a Payroll Tax Relief Program? Most Likely Not!