Category: Finance

Every adult should have an estate plan (last will, Power of Attorney) to be prepared. If you become incompetent or pass away, an estate plan offers security and care for your property, your children, or your care. Because we all require an estate plan, the availability of do-it-yourself estate planning is growing in popularity.

But be cautious! Making your estate plan without the help of an experienced estate planning attorney might lead to future issues or, worse, future expenditures for you and your family. These are some top reasons to hire a San Antonio Estate Planning Lawyer–

An attorney is fluent in legal jargon.

Your documents must use the language you need to explain your goals effectively. When reading your paperwork, the law will most likely make a default determination that may not be in your best interests if you are unsure about something. Hiring an attorney to draught these vital documents ensures that the lawyer will express your objectives clearly and that the law’s default conclusion does not interfere.

A lawyer will be able to tell you precisely what you possess.

When it comes to the property of married couples, this becomes a serious concern. It might be challenging to determine if the property is your separate property (you own 100%) or communal property (you and your spouse share 50%). The counsel of an attorney can assist you in classifying your property and determining what you truly possess in the eyes of the law. 

An estate planning attorney may be a valued counsel for your family.

It might be helpful to have trusted counsel to help your family manage the probate procedure at a difficult time. Nevertheless, it is good to use a lawyer you have known for a long time. 

An attorney can construct backup plans.

So, you’ve decided who you’d like to inherit your property with after you die? What if that person or those people die before you, or if they decline your gift? An estate planning attorney can assist you in drafting good options to ensure that your property has protection in the case of a disaster.

Conclusion

You can make an estate plan for yourself, but expert advice is always advisable. So figure out things on your own, but if you have doubts, don’t hesitate to contact a lawyer as it is indeed an important decision of your life.

The aftermath of an auto collision in Houston can be overwhelming. The sheer impact of the crash can cause unexpected trauma, but as one of the drivers involved in the accident, you have to take a few essential steps. Although not mandatory, you should consider hiring a Houston car accident attorney to know your rights and interests. Here’s what you need to do after a car accident in Texas. 

1. Pullover and check if someone needs help. Don’t be tempted to run away from the accident scene, or you may have to deal with charges later. Pullover to a safe place. If you are physically okay and, in your senses, check if other passengers, pedestrians, and drivers are in need of medical assistance. Call 911 without delay. 
2. Inform the police. Texas laws require drivers to report a car crash if there was death or injury involved. You should also report the accident if any of the vehicles were damaged to the point of immobilization. You can call the local police or the nearest sheriff’s office. Wait at the accident scene for the investigating officer to arrive. 
3. Exchange information with other drivers but limit communication. It is very common for people to admit fault or blame the other driver after an accident. While you need contact details and insurance info of all drivers involved in the crash, don’t communicate a lot. You don’t have to give a recorded statement to their insurance company until you speak to an attorney. 
4. Promptly call your insurer. Once you feel okay after the accident, consider calling your insurance company without delay. While the statute of limitations in Texas gives you two years to file an injury lawsuit in civil court, the deadline doesn’t apply to insurance claims. You need to file your claim without delay. 
5. Call an attorney. Texas is a fault state. If the other driver’s disregard for safety caused the accident, you should contact a lawyer to know about your injury claim. A skilled attorney can evaluate the merits and facts of your case and share a fair overview of what to expect in a settlement. Accident lawyers in Houston don’t charge an upfront fee, and you have to pay the lawyer only if they win a financial settlement for you. 

Finally, ensure that you have all your medical records handy. If you had a share in fault in causing the accident, this could impact what you can recover from the other driver.

Setting financial goals can be an empowering and challenging task. However, there are several ways you can achieve your financial goals, which include financial freedom and financial security. First, you need to start with a financial plan, which is a road map that will help you fulfil your dreams.

In this article, we will discuss six powerful tips, that can help you set and achieve your financial goals.

Get an Advanced Degree

Many financial planners will tell you the first step in achieving your financial goals is your capacity to earn more money which is an important part of meeting your goals.

Study shows that people with advance degrees have greater earning potential than those without a degree. They tend to have greater opportunities for advancement and more discretionary income for investments. Learning about wealth management, passive and residual income, and investment can help you increase your income by learning about ways your money can work for you.

Create a Financial Plan

Starting with a solid financial plan can help you achieve your goals. Your financial road map will start out vague, but as you work your plan things will become more apparent.

The first step includes making a monthly budget, which can help you organize your finances, and help you keep track of your spending. A budget is an accounting your income and your expenses. Your budget should be realistic, and it should include take-home pay, utilities, mortgage or rent, food, transportation, entertainment and loans. The money that is left over after you subtract your expenses from your take-home income is called discretionary income. Many people even allocate the tax refund they get after filing taxes online which is an easy first step to take.

Using spreadsheets like Google docs and excel can help you track your progress. Budgeting apps that can be sync with your financial institution can make budgeting easier.

Building an emergency fund is vital to your financial well-being. It can help you meet unforeseen expenses such as layoffs, emergency repairs, loss of income, and other major expenses. To build an emergency fund, you must set a goal for the amount of protection you need for living expenses which experts recommend as three months of living expenses.

If saving three months of living expenses is difficult, then you should decrease your current spending or increase your income or both. These changes will help you meet your short and long term goals.

There are several ways you can decrease your spending and stay within your budget. Look for discounts whenever possible, whether it deeply discounted, store brands or second-hand brands. Purchase what your family need only. Being wise can help your family and can help you meet your financial goals.

Purchase Insurance (Life, Car and Health)

Insurance can help you in many ways to meet your financial goals. Life insurance can be a vehicle for your future family needs, and it can use to pay off debts. You can purchase insurance through work at little or no cost, or you can get insurance quotes from your local insurance agent or from an online verified website.

Having car and health insurance can ensure that a severe illness or accident will not cause you financial hardship, such as loss of income. With life and health insurance, you are prepared for the what-ifs in your life.

Establish Good Credit

Having a good credit score can be a financial benefit to your financial planning. Managing credit card is one of the biggest financial issue people face with their finances. To save money, you should avoid your credit use. The only exception is for emergencies.

The average credit card interest rate on unpaid balances is 17 per cent. Credit cards are a huge roadblock to financial security, so they should not be used to make purchases unless you can pay off the card in the short term.

Short term repayments can help your credit score, which can increase your chances of getting low-interest credit cards. Some credit cards offer no interest for up to a year, allowing you to pay off your balance before interest accumulates thereby saving you money.

Start a Business

Starting a business is a common method of making money. Today, there are more ways to generate income through businesses. Many brick and mortar stores have ceded to online stores. Online stores offer convenience and accessibility, with less cash and constraints.

Plan Retirement

Start planning your long term goal for retirement now. It might seem far away goal, but it should become a part of your everyday life. The sooner it becomes a habit, and you can put away money each month for retirement.

There are no set saving guidelines for retirement, but a dependable approach includes multiple amounts of your salary at different ages. A good rule of thumb, you should have the following:

1. Two times your salary by 35
2. Six times your salary by 50
3. Ten times your salary by 60

The above tip can help you reach your financial goal, ensure financial security and financial freedom.

The insurance market is vast. After all, it is one of the most required investments that one must have for their loved ones. Today, there are many options to choose from for a term plan; we have limited pay plans, appreciating cover plans, staggered payout plans, return of premium plans, and many more. The collection is enormous, and almost all of them offer huge benefits. Since the nature of a term plan is to help the nominee in the most challenging times, the process to claim the death benefit is simple. However, it is important to go through all the technical details of a term plan before you settle for one.

1. Do your research

As you choose to purchase a term protection plan, do an intensive search on the plans accessible. You can look for the term insurance premium plans and the provisions across the diverse insurance agencies to pick the one that is best for your necessities. Another angle you should weigh in is understanding the insurer and their history.

2. Look for Add-ons

Term plans offer riders at a sensible expense which ought to be surely considered by you regardless of probably not fitting in your prerequisites. Additional riders, for example, waiver of premium on disability and waiver of premium on sickness come at a low premium, while waiver for critical illness cover is the costliest. Subsequently, you should examine whether the extra advantages coordinate with the term insurance premiumcharged. Furthermore, read the fine print of all the additional riders as they will in general be diverse for various insurance agencies.

3. Consider Tenure Carefully

Consider picking the longest-term plan. This is because in case you choose a shorter plan; you are locked during that time and cannot broaden the same later. Then again, when you pick a longer plan, the term insurance premiumremains the same throughout. In case you wish to stop at a later stage, you can do that with no extra charges.

A term protection plan is an agreement between you and your backup plan, and it will help your family when you are not there. It is to your greatest advantage to pick the right arrangement for your family by considering each one of the variables mentioned above.

It is important to analyse the death benefit considering your age, income, liabilities, and present health conditions using a term plan calculator and determine the premium you will be paying for different plans.

Here’s how you can start the Term Insurance Claim Process:

Purchasing a term protection plan is a difficult choice. All’s fine when you purchase the plan. But, when you need it the most, you might feel like you should have understood the process earlier and better. To make sure your family does not have to go through this, here is what you need to know!

The insured, relatives, or the nominee can send a claim application to the insurance agency at the earliest opportunity. In spite of the fact that your family might be in distress, they should not postpone making the case. This is to keep away from any complexities simultaneously!

There are different advances associated with documenting a term insurance claim process on a term protection plan. If the insured dies an untimely death, the recipient must inform the insurance agency right away.

In addition, keep every one of the necessary documents ready. Other than this, prior to informing the insurance agency, this is what you must make sure of:

• All the charges are paid on time.

• The recipient of the plan remembers the exclusions.

Documents required:

For any death that happens following three years of owning the plan:

•         Claim application structure (given by the insurance agency)

•         Certificate of death

•         Policy report

•         Deeds of assignments, if any

•         Legal proof of title if the plan isn’t nominated

•         Form of release executed and experienced

•         Last clinical specialist’s authentication

Like any other application, clinic authentication, employer’s testament, or police examination report might be needed to be produced. A postmortem report is required for death within three years of taking the plan, besides all the documents mentioned above. This gives the insurer some more opportunity to explore the case before settling your claim.

A street vendor is a person who sells goods and services to people but does not have a fixed place of selling.  An estimated 50-60 Lakh avenue distributors are all over India.

In the cities of Delhi, Mumbai, Kolkata, and Ahmedabad there are a concentrated amount of street vendors. On average the street vendors in India work for at least 10 to 12 hours every day. These are mainly migrants from other states coming to the city to sell their goods and services.

Under the current government, around 3 Lakh vendors across the nation were given business loans. The PM SVANidhi scheme was started to ensure that there is a smooth flow of capital in the businesses of the vendors who come under the Street Vendors Act. Street vendors, under PM SVANidhi, get upto Rs. 10,000 worth loans for easy functioning of their business.

The Statistics

Street vendors in India cover up 14 percent of the total (non-agricultural) urban informal employment in the country.  The street vendor sector is full of problems. They have a major issue of licensing as most of the street vendors don’t have licenses to carry out their work. Let’s take for example Mumbai. In Mumbai, there are 15,000 licenses against 2.5 Lakh street vendors. This results in illegally selling goods and services to the people. In the process, they also become subject to extortion and exploitation from the hands of police and Municipality authorities.

When out in the market there have been instances where the police come in their vans to remove the encroachers and take away their goods. These eviction drives affect their business adversely as they even have to pay a heavy fine. Over time street vendors started unions and associations and their own NGOs to support themselves.  1,400 street vendor organisations and trade unions that have a presence in 28 states come under The National Hawker Federation (NHF). It’s an umbrella organisation that covers all the street vendors across the state.

National Association of Street Vendors of India (NASVI)

The National Association of Street Vendors of India (NASVI) was formed in the year 2014 by the previous government. This gave birth to the landmark Street Vendors Act 2014 (Protection of Livelihood and Regulation of Street Vending). The government is also setting up rules for the hygiene of selling cooked food by street vendors.

The Act was introduced to safeguard the rights of street vendors. It was brought into practice so that nobody could exploit the street vendors who are already poor. Then Union Minister of Housing and Urban Poverty Alleviation, Kumari Selja introduced the bill in the Loksabha.

To make sure that all street vendors, identified by the government, are accommodated in the vending zones subject to norms, the Street Vendors Act envisages the formation of Town Vending Committees in various districts.

The Street Vendors Act is not in practice in all the states in the country. Barring a few places in Maharashtra, Madhya Pradesh and Punjab, town vending committees haven’t been formed, and street vendors continue to take care of themselves.

The Bottom Line:

The Street Vendors Act was introduced by the government to empower the urban vendors so that nobody could exploit and extort them and so that they can avail loans granted specially for them. Under PM SVANidhi the street vendors get loans upto Rs. 10,000 for their business. The Street Vendors Act was introduced by the previous government in 2014. The current government has granted loans  to street vendors under the Street Vendors Act 2014. For more such information and a variety of products that suit your financial needs, head over to Finserv MARKETS.

Initially, when you are thinking of getting into a new hobby or thinking of making a new investment, it is necessary to get all the essential details about the field you are interested in. This is very important in every field, including the expertise of the stock market. Many agents or agencies will claim that they will help you gain a lot more than you ever expected. However, you won’t be able to attain your full momentum until and unless you genuinely get involved with the shares’ news. Wikitoro.org has plenty of informative news regarding online brokerage firm eToro and lots of tips and guides on how to trade stocks over their platform.

What is the stock market?

This is the most basic information that you must be aware of before you dive deep into the world of stocks. 

• Stocks, or percentages of a corporation, represent possession capital in the company, which provides shareholders electing rights and a residual assertion on corporate revenue in the shape of equity profits and incomes.

• Stock demands are private, and quite institutional investors appear concurrently to purchase and peddle percentages in a populace medium. Nowadays, these trades prevail as electronic market spots.

• Share expenses are established by allowance and pressure in demand as customers and vendors spot injunctions. Request progression and bid-ask sweeps are frequently conserved by consultants or demand producers to guarantee a standardized and reasonable market.

These are some of the primary defining factors of the stock market. It is certainly not enough, but a start is a start. It would be suitable for you to continue reading and resume expanding your knowledge about this prevalent field.

What is a stock exchange?

It is important to note and comprehend the essential details about the stock exchange. These are the secondary electronic marketplaces where pre-existing holders of individual shares can transact with potential customers. It is essential to understand the process behind the transactions of a stock exchange. 

How are stock prices set?

The rates of lots on a commodity demand can be established in several different means. Still, the most extensive path is through an audience procedure where consumers and dealers spot proposals and requests to purchase or peddle. 

A proposal is a rate at which someone hopes to purchase, and a request is a rate at which someone wishes to auction. When the project and application coincide, an exchange is earned.

An overview of NASDAQ: AMD

The NASDAQ: AMD at https://www.webull.com/quote/nasdaq-amd is one of the stocks where you can invest if you would like the trends and statistics related to the case. The market cap of this stock value is 95.45 billion. The enterprise value ranges to about 94.57 billion.

According to the statistics, you can decide which stock is best for your investment. It is a very delicate decision, which is why you should always check everything before finalizing your decision. If you are new to stock market and do not know what is day trading, you can check at online stock trading platforms

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

When you’re planning to acquire a property for roughly more than $10 million, a portion of that value will be from equity resources such as business partners, crowdfunding, family, or investors. However, you still have the remaining part that must be covered. Several financial choices are available, but it is inevitably challenging to choose the right one for your business. But wise business owners have discovered the advantages of bridge loans when put in this type of predicament. It’s the most viable financing solution to compensate for the uncovered portion of the value of your property investment.

Bridge loan explained

This type of debt is considered short-term and utilized until the firm finds permanent funding or pays off its existing payables. The property asset guarantees this financial option normally necessitates cash assets. The credits may have a floating rate and an inflated interest rate in comparison to a permanent loan. The debt is determined by condensed terms and may consist of restructuring or further refinancing to cover property repositioning costs.

Advantages

Easy Application Procedure

When a financial institution is asked to come up with a huge sum of cash, it would usually be accomplished by applying for a business credit or residential or commercial. These options can require lengthy procedures or even lasted for more than a month to complete the overall proceedings. As for bridge loans, they can swiftly be arranged and credited to your bank within two days following your application. Managers or property owners don’t have to worry if the operation or construction project has to stop until they get the funding since it will only take days to get everything sorted out.

Accepts All Forms Of Properties As Collaterals

If you’re going for a bridging loan, it can be guaranteed with any form of property like commercial units, flats, shops, houses, maisonettes, farms, buildings, land, and more. The said types can either be leasehold or freehold. Remember, it is still accepted even if the leasehold has only left with a couple of months in the contract.

Flexible Credit Requirements

Several loan providers have a wide variety of loan criteria offered to borrowers. Normally, these lenders don’t look at the borrower’s income, credit track, and affordability. They are more concerned with the property value presented as collateral and the exit track. This is the strategy wherein the loan will be settled before the term ends.

Different Property Assets Can Act As Collaterals

Another excellent benefit of this type of loan is that you can use a couple of property assets to act as a guarantee. It can be brand new or used or a mix of the two. An excellent example is that you’ll have to come up with enough funds to pay for the purchase value for you to purchase real estate property. Hence, the bridging debt can be arranged using the first credit on the real estate to be acquired and a second credit on another real estate that is currently on mortgage but holds an equity.

No Specific Requirement For Property Construction

Most loan providers will only grant credit on property that is considered as standard construction. The bridging debt can be guaranteed by property that doesn’t fall in a standard or non-typical construction. Also, the asset used as a guarantee can be in terrible condition or necessitates massive restoration. This type of loan is usually utilized to raise cash whenever the property collateral is inadmissible to a loan provider.

Body

Introduction

Today because of hard competition between Banks and their services and also because of improvement in technologies and access of the human to the electronic world, the job of Banks became more difficult than before especially in case of taking attention of customers to their services. However, in this article, we want to talk about Bankera as an exact modern bank and different way for personal and business matters and financial management. The idea is to introduce this service and inform customers about features and the way that they can open the card by this Bank account.

Bankera 

As mentioned above, Bankera count as alternative modern bank accounts that can give services not just to individuals but also businesses and companies. In the case of service for individual users, Bankera with the creation of simple mobile app made life easier for their customers. Also, clients will have access to their European IBAN accounts and they can make different types of transactions and money transfer by SWIFT transfers or Visa Cards. However, in the case of services for Businesses, Bankera offers special solutions like SWIFT and SEPA payment method especially for companies that engage with the market community. Additionally, Bankera allows users to make operations and transactions in digital and virtual platforms like Online gaming, Cryptocurrencies, eCommerce, trading etc.

Open the Card in Bankera 

As soon as users open the account in Bankera, it allows them to order and have physical or Virtual Card in both Personal and Business accounts. In terms of Personal account, users can order the physical card and use it in any places that accept Visa cards; It also works abroad and with perfect exchange rates. Also, users can open just in a minute, Virtual Card and make payments as fast as they want and anywhere. All the process of opening an account and ordering a Card or making a virtual card are possible just with the mobile app of Bankera that is very easy to use. I should mention that cards, both virtual and physical, are without fees for users and customers in almost any terms; No fees for opening, No fees for spending and No fees for monthly maintenance. However, in the case of Business accounts, Bankera offers Business and Business Plus options that are available in both Virtual and Physical format but it will have some fees for customers. This type of card has special services and bonuses for businesses and it makes their life easier than before.

Conclusion

Definitely, every day, the new ideas in Banking and financial management are becoming more. However, the Bankera idea to provide an alternative way for both individuals and businesses to enjoy the services and can open the card in two virtual and physical formats just by using a simple mobile app made a small revolution in this sphere. This article tried to introduce Bankera and show how many it is simple to use for individuals and companies.

How to do tax planning? The best solution is to have a qualified accounting service specialized in serving Taxes for small business. Thus, it is possible to ensure that the reduction of the tax burden is done within the law and without presenting risks to your business. Meeting the tax and tax obligations of your business can be simpler than you think. To achieve this goal, you must have the support of accountants who know how to do good tax planning. After all, this tool makes it possible to save on the tax burden and maintain the company’s growth, always within the law.

Do you want to go deeper into the subject and understand exactly how to do tax planning, its importance, and the steps to structure it and how to put it into practice?

Avoiding the levy of a tax

The tax system is quite complex. Therefore, the main way to save money is by planning so that an unexpected tax does not fall on your services or products. An example of how to apply this strategy is to try to discover the municipal tax exemption rules. Ignoring tax management is not a good idea for the entrepreneurs.

Reducing collection values

When the payment of a certain tax is inevitable, in some cases it is possible to decrease the percentage to be collected. One way to do this is by adhering to tax incentives that reduce tax rates. Tax incentives can be at the federal, state, regional and municipal levels.

Delaying obligation payment

In some cases, it is possible to delay the payment of a tax without suffering fines or being forced to assume installments. So, if after a wide evaluation your accounting service finds that this is the best strategy, you can count on more cash on hand, whether to move the business or invest in an item with a high potential for return.

Why do you need to know how to do tax planning?

Contrary to what many people imagine, learning how to do tax planning is not only useful for big businesses. See below what are the main advantages of having a tax planning.

Economy

The clearest benefit for sure is the decrease in tax expenses. After all, taxes generally represent 30% – 45% of all business revenues. Therefore, any savings are welcome.

Safety

Tax planning works preventively, as it helps to eliminate accounting errors. Thus, it is also easier to avoid assessments and the imposition of fines by the tax authorities for failing to pay any mandatory tax.

Competitiveness

Thanks to the previous benefits, the company has more resources at its disposal to reinvest in its main activity, boosting business growth and getting ahead of the competition.

How to Sell Art Online and Make Money

In this article you will learn how to sell art online and make money with it.

First of all, you need to find your niche segment. What exactly will you sell?

Art is a very wide range of human activities in regards to visual, auditory, or performing arts. Sometimes, all of these are combined. They are used to express the author’s conceptual ideas and overall feelings. Sometimes things might be created just for the sake of fun, but finished works are generally appreciated for their beauty and capacity to stir emotions.

Present Yourself in the Best Manner

Now, images are fine, audio is good, but combining them into video is the mother of all content. Considering this, we recommend Instagram, YouTube, and TikTok as your main platforms. You can post all these types of content there, and you will receive direct feedback.

In the past years, overall online art sales have increased frantically. The arrow keeps going upwards, thanks to the wonders of the internet. Now the market is valued at $4.5billion. That’s a pretty huge number, right? It is estimated that it will reach around $9.3billion in 2024.

Considering this you might also want to start an e-commerce website such as Shopify. It’s not that selling products on Instagram is bad, but at some point, you have to standardize the procedure into the most efficient one possible. This usually means creating a mother website where all your stock can be easily found and ordered.

Find Your Special Thing

Stop taking art-selling as a hobby and start thinking about it as a business. If you feel like your niche does not really exist yet, then go ahead and create it. This is how all great products came to be. Sometimes, people did not want to hear about them in the first place, so never get discouraged.

Choose the Right Pricing

Pricing is a very important detail, especially if you are just starting. There are two things that should determine your pricing:

1. The value of your product – This means exactly what your product can bring to the table. If you create absolute world class products, then you should not be afraid to charge a lot, but if you feel that you are not quite there, you should reconsider the price. Do not feel down if your art will not sell with the price you had in mind. It’s a though world out there and we’ve all been through it. If you are making a profit that’s all that matters. Sometimes you need to leave emotions out of business. Be lucrative!
2. The value of your name / brand on the market – This is the interesting twist of modern marketing. If people see value in your brand, then immediately your products can be priced here. It’s just how things work in the extremely fast paced environment of today. There are lots of examples of brands that sell medium or normal quality products, but are extremely expensive because the public loves the general image of the producer. Still, in the long run, it is always advised to deliver quality.

In a positive way of thinking, you can always check out your prices to those of other similar professionals. You will be able to see how you range and compare the quality to price ratio.

If you want to learn more about the right pricing strategy or online marketing check this page.

Last but not least, do not start thinking about whether your art is good enough or not. Think about Van Gogh who was not such a good marketer. He lived an incredibly harsh life and received recognition only after he passed away. This is an extreme example, but successfully proves that money does not necessarily determine your worth.