What Does Divorce Typically Do To Your Finances?

If you’re planning a divorce, according to a divorce lawyer Tampa, you can expect your assets to be divided up. While you are going through your divorce, part of the settlement will be how these assets get divided up. This is the main reason as to why you hire a lawyer, so they can advocate for you to make sure you can live a financially sound future after your divorce. But there are a few other things to keep in mind:

Financial Impact Largely Depends On State

The financial impact that your divorce will have is largely going to be dependent on the state that you are in. Many states require that all assets accumulated during the divorce are split 50/50. Other states have laws regarding alimony and spousal support. It’s smart to familiarize yourself with the laws in your state.

A Prenuptial Agreement Can Lessen The Financial Impact Of A Divorce

If you and your partner signed a prenuptial agreement, the financial impact of your divorce may not be that severe. A strong prenup can ensure that your assets are protected.

With that said, you shouldn’t necessarily assume that a prenuptial agreement will cover you. Some clauses in prenuptial agreements are not legally binding. Go over your prenup with your lawyer so that you can determine what will hold up in court.

An Amicable Divorce Is Less Likely To Hurt You Financially

You’ll spend less on your divorce if you and your partner part on good terms. Couples that settle their divorce through mediation tend to leave their divorce in good financial standing. See if this might be an option for you.

When you’re going through a divorce, you can’t just concentrate on your feelings. You also need to consider practical things. If you understand what a divorce will do to your finances, you can make sure that you have the money you need in the future.

Do You Know How Businesses Transfer To Children?

If you’re a parent, you experienced the singular joy in life that is conceiving and creating, then raising a child. If you’re like most families, you had more than one. You spent years of your life raising them to be adults and contributing members of society. Yet, even in your waning years, you still want to look out for them. That might include eventually transferring your business or share of a business to them.

What matters a lot here is whether or not you’re still alive, and what state you live in. The rules, regulations, and laws surrounding the transfer of property or business ownership vary more on the municipality and specific state than national or federal statutes. Checking with an Alameda County estate planning attorney, tax attorney, or corporate lawyer is advisable.

If you’re looking to set things up for business transfer to your children upon your death, then a life insurance policy might be a good idea. Some policies can be setup to provide for the child or children to have the funds available to take over your share.

If you’re looking to retire and pass on ownership, then you might actually retain your worth and share of a company, but just instead make them the managing partner or majority shareholder, which is more of an internal matter.

In both cases, if you’re not the only owner of the business, check the bylaws of the company to make sure it’s even technically possible to do so. Also check with other partners or owners of the business to see if they’re okay with it. Even if they don’t have the power to stop it officially, going against their wishes might put your child in difficult circumstances, particularly if they don’t actually want to be a part of the business.

Why Are Estate Taxes This High?

This is a frequently asked question that is constantly posed to estate planning lawyer Staten Island from their clients. Estate Taxes are very complicated and many people don’t realize a few things. Here are some of the myths associated with estate taxes:

Estate Taxes Aren’t As High As They Might Seem

Although estate taxes are high, they’re not necessarily as high as they seem. It’s important to remember that exemptions do exist. One recent plan that was proposed offered an effective exemption of approximately $5 million. If you want to know how these exemptions would apply to you, you should talk to an accountant.

The Majority Of Families Don’t Have To Pay Estate Taxes

There is a good chance that you will never have to pay a single penny in estate taxes. These taxes are designed to target the extremely wealthy. In most cases, no estate tax needs to be paid. If you’re worried about estate taxes, you should know that they may not be a cause for concern.

There Are Many Politicians That Want To Raise Estate Taxes

If you feel that estate taxes are too high right now, you should know that they might become even higher in the future. There are a lot of politicians that want to increase estate taxes. New bills that ask for an increase in estate taxes are proposed all the time. This is clearly a very contentious issue. Not everyone agrees on the estate tax rate.

Hopefully, this information has helped you to understand just why estate taxes are so high and who they impact. If you still have some questions, you should try to seek out additional information. If you’re going to be paying estate taxes in the future, you’re going to want to know how much you can expect to pay.

Understanding Georgia’s Economy

Have you ever driven through a state and wondered where they make their money? This is true with any state, and as you know some states do better than others. There are those that have gorgeous roads and landscaping, while others are just scraping by.

One such state I recently wondered about was the gorgeous state of Georgia. While I knew they more likely made quite a bit of money from agriculture, I wondered what the rest of their economy was built upon. I knew they did not have great beaches nor the tourist attractions that dominate Florida.

I spoke to a car accident attorney Marietta (long story) and I learned that Georgia is one of the leading producers of livestock in the country. In fact, they are the leader when it comes to egg and chicken production. However, they also produce a good portion of the beef cattle, hogs, and milk that helps to keep this country feed and going.

Of course, as you drive through Georgia, you are going to notice the huge amount of farms spread out around the area. While many people know that Georgia supplies the nation with an abundance of peaches, they produce so much more. In fact, some of their leading crops include cotton, peanuts, pecans, tobacco, and corn. You will also find some of the absolute best sweet potatoes in Georgia. Try to find a road side stand and grab some fresh or even a sweet potato pie, and you will make the trip back!

Finally, you will find a good portion of the rest of Georgia’s economy to be dominated by manufacturing. Much of the cotton that is produced in the state is sent directly to many of the local plants helping to keep jobs and money directly in the state. In addition, there are multiple food plants food in the state that package up chicken, corn, and peanut butter.

What Are The Largest Companies In Brooklyn?

According to a car accident attorney Brooklyn, there are a many companies in Brooklyn. But how do you determine the factor for the “largest”? Is it the number of employees? It’s it how much income they make? Or is it how long they’ve been established in the area – making their brand synonymous with Brooklyn?

If you are going by the amount of employees alone, technology companies based in Brooklyn definitely take the cake. The largest technology company is Amplify. It’s an edtech subsidiary of News Corp and currently had more than 1,000 employees, over 500 of which are located in the DUMBO area of Brooklyn.

If you want to talk about sheer revenue, then the online marketplace for art Esty is the clear winner. As of December 31st 2014, Etsy had 54 million users with 1.4 million active sellers and 19.8 million active buyers. In that year Etsy generated $195.6 million in revenue, generating revenue in three ways through its Marketplace (taking a 3.5% service fee), Seller Services (adversiting and promotional items), and Other (third party payment processors).

If you want to determine the largest company in Brooklyn based on regional love, then there’s a bit of a debate. One of the most popular brands in Brooklyn is Bee Raw Honey. It’s 100% natural, unprocessed and unfiltered. If you live in Brooklyn and use honey, chances are you have purchased your honey from here.

Another Brooklyn based brand is Brooklyn Candle Studio. Every Brooklynite buys their candles from this store whether at it’s brick or mortar shop or its online store. You can also purchase their hand poured candles via Etsy. Each candle is made by a mixologist to make sure the fragrance is just right.

Brooklyn is a place where many different cultures and businesses collide. From technology gurus, to online marketplaces, to handcrafted artisan products. To decide which is the largest is just a matter of personal opinion.

 

Can Car Insurance Companies Profit From Accidents?

At first glance, you may think those car insurance companies either make a lot of money or lose a lot of money, depending on who you ask. Basically, what they do is try to cover a lot of people and weed out those that are most likely to have accidents. There will always be accidents happening, but by doing a better job of filtering they can gain an advantage over other car insurance companies and stay profitable. Here are some of the ways they really earn money, according to a car accident lawyer Irvine.

It’s All About Reducing Costs And Increasing Income

Most car and homeowners insurance companies make very little profit off of that part of their business. However, they make an incredible amount of money from life insurance and other types of add-ons that they offer. For that reason, you’ll notice that your insurance agent never likes to write a low-ball car insurance policy with the lowest coverage and premiums. He’d rather get you to cover extras like towing and road service, stereo coverage, or increase your liability levels because his profit margin goes way up on the extras.

Then, you’ll notice that he’ll start calling you to set up an appointment in order to show you his life insurance plans. One for the wife, another for the husband, and then coverage for the kids as well. This is where the real money is made in car insurance, not from fixing the cars that get wrecked, and not from paying your medical bills when you’re injured but from the premiums you pay on your life insurance.

They also go to great lengths to cut corners on all of the car repairs at the auto body shop that they can. They do this by substituting lower quality fenders and parts whenever possible. There really is no way for them to profit from car accidents but by saving money they can earn more.

If you have questions regarding your auto insurance you should start by contacting your agent. Most of them are honest enough to tell you exactly where the profit is made in the industry and it’s not from car or homeowners insurance at all.

How Much Does Each Prisoner Cost Taxpayers Every Year

There have been many studies which have shown that prisoners cost taxpayers a substantial amount of money. Every prison that goes up, and with each prisoner that is added to those cells, it is costing taxpayers thousands of dollars. The amount that each prisoner will cost will depend upon the type of sentencing that they have been given. Obviously, people that are thrown into a county jail for a few days due to drunk or disorderly conduct are going to cost far less than those that are given a life sentence for murder. And who’s to say that a criminal defense lawyer West Palm Beach doesn’t benefit everyone! Here is a quick overview of how much a prisoner will cost taxpayers on average every year that they are in prison.

What Does The Vera Institute Of Justice See?

This Institute released a recent study that showed that, out of the 40 states that participated, that approximately $39 billion is spent in aggregate costs for maintaining prisons. This study was done back in 2010, and taking inflation into account, and the addition of thousands of additional prisoners in all 50 states, this is likely to exceed $50 billion annually. If you break that down to an individual figure, the average taxpayer is paying well over $30,000 for every inmate with New York leading the way at over $60,000 per prisoner.

What About Rehabilitation Costs?

This is an alternative that many people have been looking at because of the lower cost involved. There are certain people in prison that are there because of multiple misdemeanors and felonies that have built up over time. They may not be violent criminals or sex offenders, and it is possible that they may be rehabilitated into society. That cost is roughly $2000 per person, a one time fee opposed to decades of payments for keeping prisoners behind bars that may not need to be there. These are things that need to be looked at in more depth, but until that occurs, the skyrocketing cost of paying for prisoners using taxpayer dollars will continue to rise.

Should Your Business Hire Immigrants For A Tax Break?

If you’re looking to reduce the amount of money that your business spends on taxes, you may want to consider hiring immigrants. In some cases, employing immigrant workers may provide you with a tax break. With that said, you shouldn’t just hire a wave of immigrants and hope for the best. Instead, you should follow these guidelines.

Talk To Your Accountant And Immigration Lawyer New Jersey

If you’re hoping to get a nice tax break, you’re going to want to sit down with your accountant. They’ll be able to talk things over with you. They’ll let you know whether or not your hiring plans will pay off for you.

If you’re doing something because you want a tax break, you’re going to want to make sure you will be happy with the results. That’s why you should talk to your accountant before you make a move.

Also, talk to an immigration lawyer to make sure you are filing all the necessary paperwork to allow immigrations to work in your business. There are many different types of visas and the process can be overwhelming.

Hire Skilled Immigrants

If you’re hiring someone to work for you, you want to make sure they bring something of value to your business. Don’t hire unskilled immigrants. You should absolutely try to get a tax break, but you should also hire people that will push your business forward.

Don’t Pass On Great Hires

While hiring immigrants can benefit your business, you aren’t going to want to hire immigrants exclusively. Instead, you are going to want to hire a wide range of people. Don’t pass up on hiring someone because they’re not an immigrant. Make sure you’re hiring the kinds of employees that your business needs. Whether they’re natural-born citizens or immigrants, you want to make sure they do great work for you.

If you’re searching for tax breaks, hiring immigrants might be a smart idea. With that said, you shouldn’t look at immigrant employees as a solution to a problem. If you’re going to be hiring an immigrant, you’ll want to make sure they are a great fit for your company.

Can You Sue The Government If You Are Injured On Public Property?

If you are at any government owned public property, and you fall and are injured, is it possible to actually sue the government? Some people are injured to the degree where they need to be hospitalized, and they will want to recover not only the cost of being in the hospital, but receive some type of settlement for their pain-and-suffering, not to mention lost time at work. According to a personal injury attorney Austin, it is possible for the average person to go after the federal government in order to recover money lost as a result of an injury they sustained on public property.

Can You Actually Sue The Government For Personal Injuries?

Unfortunately, local, state and federal government entities cannot be sued by the general population. They are protected under what is called sovereign immunity. Even if you are injured by one of their employees, or if it is gross negligence on their part for the injury that occurred, there is no way to receive any type of compensation. Simply stated, the government prohibits citizens from recovering any type of money for injuries that are sustained in public places. However, there is a way around this which began in 1948 when Congress passed something called the Federal Tort Claims Act.

What Is The Federal Tort Claims Act?

This was passed by Congress, easing the restrictions on the government having sovereignty, allowing people to file personal injury claims. This allows them to actually file lawsuits against the government if they have been injured. In fact, people injured on city or state property, or anyone that is injured by a government employee, can file these claims. Therefore, the state and local governments have made it possible to bypass sovereign immunity and receive some type of compensation.

Tips On How To Make A Living After A Severe Injury

If you’re injured severely, it may seem like you’ll never be able to work again, at least not at the same job that you had in the past. Hopefully, you were able to sue the responsible party with the help of a Houston personal injury lawyer and get some kind of compensation to help pay your medical bills and get you retrained for some other type of work. Depending on the type of injury you have, you may have to look long and hard to find a job that you can do, here are some ways to earn a living after a severe injury.

Start By Making An Assessment Of What You Can Do

In many cases, the injuries that people suffer from are back related since that is a particularly vulnerable spot for humans. Once a person has a back injury, they may no longer be able to bend over, lift objects, or stand on their feet for extended amounts of time. Additionally, many people can’t sit at a desk either, which can be a huge obstacle to getting any kind of work.

Find some way that you can either sit, stand, or prop yourself up and not be in pain and then the whole world of work at home jobs will open up for you. You can start by getting a good desktop computer and a quality dictation software plus the needed hardware to make it work. That would include a good Bluetooth headset and large high definition screen. With this software and equipment, you can then completely control your computer by voice command in nearly all functions.

This will enable you to do online surveys, write articles, make phone calls to friends, do transcriptions, do online marketing, become a virtual assistant, or make outgoing telemarketing calls. There are thousands of companies looking for work at home people that can answer phones and do customer service work over the phone. You can find them online with a quick search.