One of the critical issues for small businesses is employee turnover and the costs that come with it. For instance, if a secretary quits, the task of finding and then training a new secretary can be crippling to a small business with tight margins. This cost or loss is intensified when the newly hired and trained secretary also leaves. Resources have been expended, time and patience are exhausted, and there is a considerable risk that it will happen over and over again.   Next, please! Tips...

I often explain the concept of a revocable living trust by relating a story from the early days of my marriage. More than thirty years ago... My wife and I were married in Bethesda, Maryland, and honeymooned briefly in the Poconos in Eastern Pennsylvania. We drove across the country to Utah where I was finishing my bachelor’s degree. After signing our new apartment lease and unloading our meager belongings, my beautiful bride told me that we had to make a quick trip to the grocery store for...

There are estate planning situations that simply scream for careful thought and preparation. Divorce is obvious because it would typically be a problem if a former spouse has control of your assets and absolute control over the raising of the children. Blended families are another common situation. Choices regarding separate and jointly held property have to be made as well as potential issues that might arise regarding minor children and will arise regarding eventual inheritance. (e.g. Does...