Home HomeNewsEducationHealthTechManufacturing & LogisticsLife SciencesAg INnovationINPower INnovatorsBigWigs & New GigsVideoPurchase Gerry DickGerry's ViewSpeaking Engagement RequestSubscribeNewslettersPODCASTAppRSSOn-AirTV & Radio Listings ContactAbout IIBMeet the TeamContact UsIntern with IIBFlagship Stations Why Do I Need a Transition Plan? By Kevin Alerding, Partner, Ice Miller LLP's Trusts and Estates Group Why do you need a business transition plan? Let me give you six good reasons.1. Exiting your business likely is the most important financial transaction of your life 2. Exiting a business is complex3. Your financial security, and your spouse's financial security, depends upon your ability to exit your business the right way4. Others are depending on you, like your partners, employees, kids, lenders, suppliers, customers and the community5. Exiting a business is fraught with risk6. If you don't have a plan, … [Read more...] about Why Do I Need a Transition Plan?
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Feature Competing claims to the land at Wailua are rooted in an historic fraud perpetrated by a notorious swindler and facilitated by the president of the Provisional Republic, presenting challenges to the legality of the deed held by the Coco Palms Hui. Will Caron in ʻAina February 23, 2018 06:32 PM “Yesterday, they came at 7 in the morning: sheriffs, Kauaʻi Police Department (KPD), plus they even flew in United States Marshals. They had no paperwork to show us what all of this was about. They blocked the highway roads so no one could see what was happening here,” says Charles “Kamuela” Hepa. Hepa is one of the kiaʻi—the caretakers—watching over the land at the mouth of the Wailua River; land that a group of developers is claiming belongs to them. “I rushed to the court house in Līhuʻe and asked for paperwork regarding the action, but the clerks could produce no such document.” Hepa continues, … [Read more...] about Everything you need to know about the Coco Palms eviction, part 2
By The Associated Press | March 5, 2018 at 8:10 am By LIZ WESTON Blogger John Schmoll’s father left a financial mess when he died: a house that was worth far less than the mortgage, credit card bills in excess of $20,000_and debt collector s who insisted the son was legally obligated to pay what his father owed. Fortunately, Schmoll knew better. “I’ve been working in financial services for two decades,” says Schmoll, an Omaha, Nebraska, resident who was a stockbroker before starting his site, Frugal Rules. “I knew that I wasn’t responsible.” Baby boomers are expected to transfer trillions to their heirs in coming years. But many people will inherit little more than a pile of bills. Nearly half of seniors die owning less than $10,000 in financial assets, according to a 2012 study for the National Bureau of Economic Research. Meanwhile, debt among older Americans is soaring. It used to be relatively unusual to have a mortgage or credit card … [Read more...] about If my parents die broke, do I have to pay their debts?
I’m 22 and have just inherited £20,000. I don’t know whether I want to put the money towards a house, or save it for the long term. How should I invest if I want to buy a house in 10 years? Or, if I want to keep the money for the distant future, how would I alter my strategy? GP, via email The time horizon you have available is crucial when deciding how to invest. With a 10-year goal to buy a house, you have enough time to put your money into the stock market, but would need to start limiting the risk you are taking as the house purchase deadline approaches. This is because if you were fully invested a month before the purchase, and the stock market crashed, you may not be able to go through with the transaction. So you should start selling volatile holdings, such as shares or funds that invest in shares, at least one year before your planned purchase date (see below for more detail). Ben Willis, of investment manager Whitechurch Securities, said: … [Read more...] about Ask a money expert: ‘I’ve inherited £20,000 at 22 – how do I invest it?’
Credit cards are important players in the financial life of Americans, about 70% of whom have at least one credit card, and most of them use their plastic for everyday expenses -- as opposed to mainly for big-ticket items that they will pay off over time. Not everyone has a credit card, though -- using the figures above and a recent U.S. population of adults of around 250 million, that leaves around 75 million without one. Here's some good information for you if you're among the cardless and are wondering how to go about applying for your own. Image source: Getty Images. Credit cards: Pros and cons It makes sense to spend a few minutes thinking about whether you really do want or need a credit card, as there are some significant advantages and disadvantages to them. Here's a quick summary of the benefits of credit cards: They keep you from having to carry a lot of cash around. They can be handy in a financial emergency, if you don't sufficient cash on hand. Their … [Read more...] about How Do I Apply for a Credit Card?