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Business data

Who Would Care For Your Children If You Got Sick With COVID-19?

Are you overwhelmed by the sheer volume of data your business generates? Do you wonder which numbers are essential for making informed decisions? If so, you’re not alone. Many business owners need help identifying key performance indicators (KPIs) that can provide valuable insights into their operations.In this article, we’ll demystify data tracking and provide a

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Hospice

Who Would Care For Your Children If You Got Sick With COVID-19?

In an aging society, you might find yourself facing difficult end-of-life decisions for your loved ones sooner than you expect. And when you do, you’ll realize the journey through end-of-life care is rarely straightforward. A recent and heartbreaking story published by Maggie Schneider Huston in Newsweek illustrates this fact. In this article, I’ll highlight key insights from

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business decisions

Who Would Care For Your Children If You Got Sick With COVID-19?

As a small business owner, you must constantly navigate a complex legal landscape. From federal regulations to local ordinances, it’s hard to keep up with all the laws that affect you, but if you don’t, you could suffer the consequences.In this article, I’ll simplify the recent legal landscape for you by examining a few recent

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power of attorney

Who Would Care For Your Children If You Got Sick With COVID-19?

If you’ve ever considered planning for your future or helped someone plan for theirs, you’ve probably heard the term “power of attorney.” But do you really know what it is? The terms “power” and “attorney” carry weight but may not mean what you think. In fact, there are many misconceptions about what a power of

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Business

Who Would Care For Your Children If You Got Sick With COVID-19?

The concept of a four-day workweek has gained significant traction in recent years, with many companies experimenting with this innovative approach to work-life balance. While the idea of having an extra day off each week may seem like a dream come true, the reality is more complex. Let’s delve into the pros and cons of

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family conflict

Who Would Care For Your Children If You Got Sick With COVID-19?

The passing of a loved one is a heartbreaking event, filled with grief and sorrow. But the aftermath can become even more painful if disagreements over their personal belongings tear your family apart. These disputes, especially when centered around meaningful objects, can leave lasting wounds that may never fully heal.But it doesn’t have to be

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Matthew Perry Estate Plan

Who Would Care For Your Children If You Got Sick With COVID-19?

When Matthew Perry, the beloved star of Friends, passed away last year, the world mourned the loss of a comedic icon. However, as details of his estate began to emerge, a curious puzzle presented itself: despite his reported net worth of $120 million, his bank account held (only) $1.5 million. Admittedly, this seems like a

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Business Planning

Who Would Care For Your Children If You Got Sick With COVID-19?

Imagine you’re playing a friendly game of disc golf with your spouse. Suddenly, you lose control of your left hand, and for a terrifying five minutes, you can’t speak. Your face droops and your body feels numb. You might think you’re too young to be having a stroke—but that’s exactly what happened to Jenny Bristow,

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Networking

Who Would Care For Your Children If You Got Sick With COVID-19?

As a business owner, networking may feel like a necessary evil. You have to get your name out there by meeting other people, but does it have to be so uncomfortable? Making small talk and figuring out how to promote yourself and your business without sounding cringy is no easy task for most of us.If

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estate planning

Who Would Care For Your Children If You Got Sick With COVID-19?

Have you ever heard horror stories about families fighting over Grandma’s jewelry or getting stuck in a never-ending legal battle after someone passes away? Or about how long it can take to sell a house tied up in the court process? What about family members being denied their inheritance completely? Unfortunately, these situations happen every

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AI estate plan

Who Would Care For Your Children If You Got Sick With COVID-19?

Have you jumped on the AI bandwagon yet? If so, you’ve probably used it to make your life easier. AI can be incredibly helpful, especially when the stakes are low. Need a personalized meal plan or an exercise routine? AI can handle that. But when it comes to estate planning, some people use AI for

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business insurance

Who Would Care For Your Children If You Got Sick With COVID-19?

Being a business owner can be incredibly rewarding. It feels great to see an idea become a reality, increase your revenue, and create a job for someone who needs one. But, as all business owners know, with reward comes risk. There’s not much you can do to eliminate risk from your business entirely, but with

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legacy

Who Would Care For Your Children If You Got Sick With COVID-19?

Labor Day, observed in the United States on the first Monday in September, is not only the unofficial end of summer but also a celebration of the contributions and achievements of American workers. Originating from the labor movement and the quest for better working conditions, Labor Day also provides an opportunity to think about your

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business failure

Who Would Care For Your Children If You Got Sick With COVID-19?

Starting a business is tough; sometimes, despite all your best efforts, things don’t go as planned. When your business fails, it can feel like the end of the road. But here’s the good news: failure isn’t the end. It’s an opportunity to learn, grow, and come back stronger. Many successful entrepreneurs have failed before finding

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Child beneficiaries

Who Would Care For Your Children If You Got Sick With COVID-19?

You’ve worked hard to build your assets and secure your family’s future. Like many responsible adults, you’ve named beneficiaries on your retirement accounts, life insurance policies, and maybe even your banking and investment accounts. It feels good to know you’ve put something in place for your loved ones.But here’s the truth many financial advisors, CPA’s,

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Corporate Transparency Act

Who Would Care For Your Children If You Got Sick With COVID-19?

You’ve poured your heart and soul into building your small business. You’ve worked tirelessly, made sacrifices, and taken risks. Now, a recent law could impact how you operate. It’s called the Corporate Transparency Act (CTA).This law, passed in 2021, aims to crack down on financial crimes like money laundering and tax evasion by requiring many

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unclaimed property

Who Would Care For Your Children If You Got Sick With COVID-19?

Imagine discovering thousands of dollars that belong to you, only to be told you can’t have it. This frustrating scenario became a reality for a woman named Dale Benerofe, a Georgia resident, when she found $23,000 in unclaimed property from her deceased parents. Her tragic story sheds light on a little-known issue that affects millions of Americans:

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Business estate tax

Who Would Care For Your Children If You Got Sick With COVID-19?

You might think Supreme Court cases don’t affect your daily life as a business owner, but think again. The recent decision in a case called Connelly v. United States handed down on June 6, 2024, has far-reaching implications that could hit you right in the wallet. This case fundamentally changes how the IRS values businesses, potentially leading

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Mediation

Who Would Care For Your Children If You Got Sick With COVID-19?

Running a small business comes with its fair share of challenges, and disputes come with the territory. Whether it’s a disagreement with a vendor, a conflict with an employee, or a contractual issue with a client, knowing how to resolve these conflicts is crucial.The default method is court, but it’s time-consuming, expensive, and public. As

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beneficiary mistake

Who Would Care For Your Children If You Got Sick With COVID-19?

Imagine this: You’re in your twenties, just starting your career. You fill out a form at work, naming your live-in significant other as the beneficiary of your retirement account. You start contributing to your retirement account, and it begins to grow. Fast forward 28 years – you’ve long since ended that relationship, lived a full

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