Whether you bought your acreage yourself or inherited it as a third-generation farmer, your farmland property represents your family's financial future and its heritage. You have likely invested substantially in the maintenance and improvement of your farmland and...
Better Solutions For Your Family, Future And Finances.
Year: 2021
Strategies for minimizing the need for collections
There’s nothing more frustrating – not to mention potentially harmful to your business – than to have a customer who doesn’t pay on time or in full. It can significantly affect your cash flow and your ability to pay your own bills if you’re dealing with a customer who...
Is changing your corporate structure post-formation an option?
Many individuals who go into business for themselves have the weight of the world on their shoulders. They must come up with the funding to get their company off the ground and wear many hats regarding their roles in their business. Business owners often find...
Why doesn’t everyone have an estate plan?
Almost everyone has assets to pass on. You don’t have to be rich to think about how you will transfer those assets to your children. Estate planning also gives you the chance to think about medical decisions, long-term care needs, and other health-related issues....
When do companies add restrictive covenants to work contracts?
Employment contracts formalize the relationship you have with a new worker. Contracts make plain in written language the obligations of that worker and the responsibilities your company will assume toward that employee. Employment contracts often outline compensation...
What to expect if you are the executor of someone’s estate
Being named as the executor (sometimes referred to as a personal representative) of someone’s estate in Kentucky or elsewhere can certainly be considered an honor. It typically goes to someone who is reliable, trustworthy, has integrity and is adept at dealing with...
3 reasons to use a trust for your grandchildren’s inheritance
Grandchildren can provide a lot of joy and happiness in your golden years. If there is anything more powerful and affirming than watching your children succeed, it is watching your grandchildren develop into their own unique people. You may want to give each of your...
When damage to an apartment leads to unpaid debt
Buying residential properties to rent them out can be a decision that leads to a lifetime of income. People will always need housing, so provided that you keep your properties in good condition, you can expect to consistently be able to rent the units that you own to...
11 common business mistakes you need to avoid when starting up
If you’re starting a new business, you need to focus on more than just what you want to do to make the company successful. You also need to think about what not to do and how to avoid mistakes that could sink your new company. Fortunately, if you take the time to...
When can family members challenge your estate plan in court?
If you have created a last will, that usually means you have plans for your personal legacy. Through careful estate planning practices, you can make sure that the people you love received specific assets. You might also set aside some property for charitable...