How to Protect Your Assets

Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!

Most real estate investors are in business to make money, but are you in business as a business owner? As a business owner, you will need to be prepared for not only protecting of your assets, but you will need to be prepared for distruibution of your possessions and financial assets when you pass on. To accomplish the latter, an investor needs to have a will. The four documents that will accomplish all your will needs are:
1. a power of attorney for health care
2. a power of attorney for finances
3. a living will
4. a will

The power of attorney for health care will contain information on who the real estate investor/business owner wants to handle his or her health care when he or she can not speak for himself or herself.

The power of attorney for finances will dictate in writing who you wish to handle your money decisions in the event you are not able to make those decisions yourself.

The living will is used to let doctors know what your wish are if you become terminally ill and incapacitated.

Lastly, the will used to dictate who will take ownership of your assets if you pass on.

• 31 Days to Becoming a Better Real Estate Investor Here’s what the course involves If you want to improve your real estate investment business or just don’t know how to do it - you’re not alone. When I asked on this blog if there were any real estate investors interested in joining together for a month to work to improve......
• The 5 Most Costly Mistakes A Real Estate Investor Can Make-How Many Are You Making Right Now? The five costly mistakes that a real estate investor can make is not: protecting the assets in his or her portofolio researching the town or community the investor is buying in knowing the fair market rents knowing what type of property is most profitable for the investor knowing the cost......

• Far left pressure Obama on health-care For a second day in a row, dissenters have stormed into Congress and were taken out forcibly by the police...
• Real choice in health care There's so much confusion out there about health care reform, and it's all to the detriment of consumers. For one...