Larry the Cable Guy For many of us, our tendency towards perfectionism precludes us from moving forward. Our strong desire to “get it just right” precludes us from moving forward on what needs to get done. “Paralysis by Analysis” is a good description as it often precludes the perfectionist in us from moving forward on... [Read More]
Category: Liability
You have an Affirmative Duty to do Estate Planning
Most states, including North Carolina, have laws in place that establish what your Estate Plan will be. Those Laws may be the opposite of what you actually want. In North Carolina under those laws, in a family with a husband and wife with children, in most scenarios, two thirds (2/3) of the parent’s estate, when... [Read More]
Summer Travel and Healthcare Authority
Summer is when many Americans are traveling out-of-state. They are on vacation to new places or to visit with loved ones or family. As we cross state lines one concern is that our Healthcare Power of Attorney a/k/a Healthcare Proxy might not be accepted in another state. For example if you have a Healthcare Power... [Read More]
Boston Bombers and the Unknown
Those injured at the finish line of The Boston Marathon last week never anticipated that two bombs would explode killing three and injuring and maiming another 200 people. A physician from Sylva, North Carolina, just west of Asheville, was at the finish line with his wife cheering on a friend. After the explosions, the first... [Read More]
The Cuban Missile Crisis and North Korea
We were closer to the nuclear war in the 1960’s than we ever imagined. My Dad was a very good business man, well traveled, a great story teller and one who got others to share their stories. One of the stories my Father had told to him was received from a group of gentlemen after... [Read More]
North Korea, Kidnapping and Estate Planning
As North Korea declares a state of war on the United States and South Korea, and a leading news story shows by security camera a couple being kidnapped in broad daylight in Manhattan Sunday, we think about the “Worse Case Scenario”. We want to make sure that we have planned in advance in case we... [Read More]
Your Rental House Puts Your Personal House at Risk
If you own a rental house or apartment, where others are paying rent to reside on your property, it should never be titled in your personal name. If so, and a tenant falls in the bathtub or on the stairs, your liability for their injuries, which could be lifelong, could take all of your assets. ... [Read More]
Protect What You Own!
Business owners and real estate investors are just some of those at risk for losing their personal assets if they are sued by a customer or tenants. We talked some last time about owning your rental property or business in an entity. See my blog of January 26, 2012. I spoke with a lady this... [Read More]
Don’t Own Your Rental House in Your Name
The problem with owning your rental house or apartment or even your business property in your own name is that you could have great liability to someone if they get hurt on your property. If a tenant in your rental house falls in the bathtub or down the stairs, you could potentially receive a disastrous... [Read More]