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It is natural for a teenager to want to spend an increasing amount of time away from his parents, and in doing so he will inevitably end up in situations where he has to make his own decisions. Because of this, parents often struggle to loosen the reins and give their teens the freedom they crave. Teenagers may push too far, fail to stick to rules and curfews, and make it even more difficult for their parents to trust them. It is crucial to try to be more trusting with your teen, for the sake of your sanity, his happiness…
Beneficiary allocation is a financial term used to describe a very specific aspect of insurance policies. Learn about beneficiary allocation with help from a licensed insurance agent in this free video clip.
A beneficiary owner is someone who owns a stock but it's not in their name. Find out about beneficiary shareholders with help from a certified financial planner in this free video clip.
The Jeep Grand Cherokee is a sport utility vehicle that combines the comfort of a luxury sedan with the utility of a truck. The same vehicle that takes the kids to school during the week can be used to go off-roading on the weekends. One aftermarket add-on that might increase the usefulness of your Jeep even more is the installation of a trailer hitch. A hitch allows you to connect a utility trailer, small camper or rental trailer to your Cherokee. Manufacturers have produced bolt-on receiver-type hitches that require no drilling of your vehicle for installation.
Drawing interest on a savings account is unfortunately easier said than done. Draw interest on a savings account with help from a lawyer and author in this free video clip.
If an executor of an estate does not fulfill his or her responsibilities, you have a few specific options. Learn what can be done if an executor of a probated estate does not fulfill his or her duties with help from an investment adviser in this free video clip.
Saving money in a difficult economy is no easy task. It takes a concerted effort to put away money every month and limit your spending. Doing so will provide you with peace of mind in the long run because you will have money to fall back on in hard times. Money experts disagree on exactly how much you should put away and save each month, but some general guidelines can help you determine an amount that best meets your own needs.
Amending a testamentary trust is something that you have to do in a very specific way. Learn how to amend a testamentary trust with help from a licensed attorney who specializes in financial information in this free video clip.
Thousands of applications have been developed for the iPhone, providing users on the go with greater functionality, from entertainment to practical uses. Businesses can use apps to drive revenue and improve customer loyalty. Companies across all industries have created iPhone apps, both in-house and through third-party developers. When considering how to develop your iPhone app, discuss the goals and functionality you envision for the app and evaluate different developer options.
The National Foundation for Credit Counseling, in a 2011 survey, found that 64 percent of Americans have fewer than $1,000 in emergency savings. Most respondents said that they either rely on a new loan or stop paying regular monthly bills to spend money on an unforeseen emergency. Emergency savings are the money set aside to cover for unexpected events such as job loss, auto repairs, medical emergencies, property damages or legal expenses.
To calculate potential savings from using LED landscape lights, take a look at the wattage and number of bulbs you plan to buy versus the wattage and number of bulbs you were using. Also take into account the type of bulb you were using -- incandescent, fluorescent or halogen -- as well as the cost of the fixtures in which the new and old lights would sit. Not all fixtures will be appropriate for all types of bulbs.
A .Pfx file is a security certificate file used to verify a person or device. It keeps devices secure by authenticating with a password. A trusted root store enables users of a server you provide to feel safe logging in with their information. Importing a .Pfx file to a trusted root store gives your server the ability to verify users. Through Internet Explorer, you can import the .Pfx file to the trusted root store of your choice.
Just because a personal account isn't published doesn't mean that you should use it without attribution; if you quote or paraphrase someone's personal account in your essay, you are obligated to cite it. If you are adhering to the American Psychological Association Style, you need only cite a personal communication within the text. Conversely, if you are using Modern Language Association Style, you must include a citation in your works-cited page but do not need to cite within the text.
Whether it resides on compact CDs, music files on your computer, or streaming music from online services, digital music relies on the digital-to-audio converter -- DAC -- in your receiver. One option potentially to improve the sound of your digital music is to connect an external DAC directly to your amps, using the volume control on the device itself instead of a conventional preamplifier.
High-efficiency heating, ventilation and air-conditioning systems can save you money. The efficiency of an air-conditioning system, for instance, is measured by the Seasonal Energy Efficiency Ratio or SEER rating. This rating is calculated by dividing the amount of energy needed by the air-conditioning unit in cooling the room, by the actual amount of energy spent. The higher the SEER rating, the more money you can generally expect to save. Furnace efficiency is measured by its annual fuel utilization efficiency, or AFUE, rating.
Paying your mortgage every two weeks can save you money over the length of the loan. The savings amount depends on your interest rate, mortgage fees, insurance and other factors. Making biweekly mortgage payments can enable you to pay off a 30-year mortgage up to eight years early according to Bankrate.com. You can estimate the total savings of paying your house payment every two weeks by calculating the amount of money saved on interest and mortgage insurance.
Players who do not trust one another or their coach are headed for a losing record. By creating an atmosphere of openness and trust, a coach points his team toward success. Trust is a critical component of success at all levels of competition, whether it is Little League the major leagues. By applying simple psychological principles, coaches can create trust among teammates and in themselves.
There are a variety of ways to reduce the energy costs in your home each month. Taking time to access the energy efficiency in your home can make it more energy efficient. The attic is one area of your home that is prone to air leaks and moisture problems. Installing an attic fan will help keep a constant flow of outdoor air running through your attic, keeping your energy bills lower especially during the warm summer months.
According to the website Ag 101, a grain cart is "a tractor-drawn implement used to shuttle grain from combines to hauling vehicles or to grain receiving facilities." Grain carts are traditionally designed to catch corn, wheat, and other similar crops. Considering the prices of tractors, combines and other pieces of farm equipment, some farmers are creating homemade grain carts.
No business goes far without carefully cultivating its client relationships. A business builds up trust and mutual respect with its clients by consistently demonstrating a commitment to prompt and honest communication, excellence in service, and ethical business practices. Without such a commitment, no amount of salesmanship will keep the relationship intact.
A high-yield interest savings account can yield positive benefits down the road. Get high-yield interest savings account tips with help from host Alexis Guerreros in this free video clip.
A business owner in Ohio or any other state around the nation may make the payment of a deceased employee's final earnings to a number of relatives or named inheritors depending on the decedent's final wishes. The executor of the estate may also have a say in who receives the decedent's final paycheck, which can include relatives, named inheritors or creditors with outstanding debts against the estate.
The relationship between a parent and a subsidiary is so close that transactions between the two businesses cannot be treated the same way. Businesses are required to account for transactions between related companies in different ways, depending on the degree of ownership one company has over the other. How parent-subsidiary transactions are recorded for U.S. businesses are defined by Financial Accounting Standards Board Number 115, Accounting for Certain Investments in Debt and Equity Securities.
Like most computer systems, your PS3 has the ability to format its own hard drive, which means it deletes all user data and prepares it for future use. Starting the format on a PS3 is simple, but since you can't undo the process, you should first make sure you're ready for formatting. The results of a drive format are significant, and you have several good options available for retaining any data you don't want to lose.
Trusts hold property such as cash, real estate and jewelry. A trust is a relationship, not a piece of property; accordingly, a trust may not hold another trust. If you want to change the arrangement concerning your assets, consider the flexibility that various types of trusts have to offer.
When planning an estate, a person may not only create a will, but that person may also create a trust. A trust possesses certain benefits that a will does not. Minors cannot receive property under a will, but a trustee can hold property for the benefit of a minor under the terms of a trust. If a person creates a trust, he may create one of two types: a revocable trust or an irrevocable trust.
Parents possessing assets often list their children as beneficiaries. The age of the children dictates the conditions under which they receive the assets. If your child is a minor, assets do not simply transfer into the child's name upon your death. Laws vary by state and the type of asset. Before designating beneficiaries, you will need to understand what constitutes a minor if your child resides in the state of Massachusetts.
Finding yourself suddenly jobless is emotionally distressing. Planning for a period of time without income is wise, and financial planners have long recommended saving a stash of cash in a safe, liquid investment vehicle or bank account. The recommended amount varies from expert to expert, ranging from three to six months of living expenses to a year or more. Analyze your own situation to determine how much cash you want to have on hand.
Beneficiary designation for your assets avoids unnecessary legal proceedings and ensures a hassle-free distribution of your assets to your beloved ones upon your death. Designating a trust as a beneficiary is the best and legally accepted way to control and distribute your assets according to your guidelines after your death. According to the Citizens Business Bank website, there are three instances in which designating a trust as a beneficiary is common: when you are unable to manage your assets due to inability; you have many relatives to challenge your will after your death; and you have designated a beneficiary who…
Arkansas’s Supplemental Nutrition Assistance Program supplies many people with low-income financial assistance via an Electronic Benefit Transfer debit-style card to purchase food. The benefit is designed to keep people healthy while they attempt to improve their employment situation. It also helps supplement income from a disability that impedes the ability to work. In addition, Arkansas SNAP provides people capable of working with additional services such as employment education and training and work experience. To qualify for SNAP services, your situation must meet certain residency, financial and employment requirements.
The Internal Revenue Service publishes Form W-9 for companies to record essential information about the independent contractors they hire, as well as for financial institutions and estate administrators to obtain such details before money may be disbursed. The form includes the payee's name, address and Social Security or taxpayer identification number, and certifies that the payee is not subject to backup withholding taxes.
Financial advisers agree that having a will is important, but the process of estate planning goes beyond merely making a will. After you die, the bequests in your will do not determine the disposition of assets such as life insurance, brokerage accounts, individual retirement accounts, 401k accounts and thrift savings plans. These assets will pass to your respective designated beneficiaries after your death.
The world is in a crisis of trust, according to Steve Covey. Trust is lacking in financial markets, in employee-management relationships and between CEOs and companies. As a result, costly regulations and laws are increasingly implemented to oversee relationships, at an estimated annual cost of 1.1 trillion dollars, according to Covey. Dale Carnegie & Associates emphasize that lack of trust between employees and management reduces employee performance. Building trust and credibility should be a goal of all organizations and all partners in any relationship that is expected to produce desirable results.
The average family household spends approximately $1,900 per year on energy costs as of 2009, according the U.S. Department of Energy. By performing an energy audit of your home, you can take measures to save on your energy expenses. Insulating the walls in your home is an easy way to save money on your heating and cooling bill.
A deed of trust is sometimes confused with a deed. However, there are very important differences between the two real estate documents. A deed of trust is actually a loan document provided by the lender. The borrowers are listed on the deed of trust. Generally, minors cannot qualify as a borrower or co-signer. State laws determine the legal age of adulthood.
Mortgage lenders open escrow accounts for their customers to help them pay for their property taxes, homeowner's insurance payments and, if applicable, mortgage insurance premiums with their monthly mortgage payments. Most lenders require homeowners to establish escrow accounts as a condition of approving their mortgage loans. Since property insurance premiums benefit lenders in addition to homeowners, lenders have a financial interest in protecting their investments. Furthermore, lenders have a financial interest in opening escrow accounts for borrowers to ensure timely payment of their property taxes to avoid tax liens.
When it comes to customized banking, the name of the game is to make the experience as easy for you as possible. Custom accounts that match your personal goals make it more likely that you will use all of the banking tools at your disposal. This is the premise behind personalized savings accounts. When a bank or credit union works with you to reach a savings goal, you may be more likely to do so.
Probate and property laws are established by state legislatures. Each state has the discretion to enact its own probate procedures. Most states allow their residents to enter into joint tenancy agreements to reduce the chances that their property will pass through probate courts. Individuals can establish joint tenancy agreements for real and personal property, including savings accounts. Payable on death or transfer on death bank policies allow account holders to direct banks to distribute their accounts to remaining joint account holders upon their deaths.
Adding a child as joint owner of your savings account is a quick and easy way to go about financial planning. Often referred to as a “poor man's will,” using joint ownership of financial accounts keeps your estate out of probate, but can open you up to a variety of issues. There are many considerations before adding your child as joint owner of your savings account -- such as your child's financial situation, marital status, along with ensuring your will is up to date.
How often interest rates are paid on a certificate of deposit (CD) account depends solely on the terms of the particular account. Banks offer a variety of CD accounts with different maturity dates, interest rates, and frequency of interest payments. How often interest rates are paid on the account can produce a significant divergence in interest earned over the life of a CD, especially if the interest is added to the balance and until maturity. When the interest bears interest the investor benefits from the power of compounding.
A land trust is a revocable living trust established for the specific purpose of holding real estate. While a trust is an effective tool to help the grantor keep control of the property during his lifetime, it doesn't protect the land from creditor claims against the grantor. In simple terms, a trust is not judgment-proof. However, when a specialized land trust is combined with a limited-liability company, protection from creditors is created.
The federal government regulates the financial lending industry through federal consumer protection statutes. States have also enacted their own consumer protection legislation governing consumer loan transactions. Several federal laws apply to mortgage trusts and borrowers' rights against deceptive and discriminatory lending practices. These laws include the equal protection housing laws, the fair housing laws, the truth in lending regulations, and mortgage licensing laws.
Winning the lottery brings with it a rush of excitement, followed by countless questions. Many lottery winners wonder whether they should establish a trust for their winnings. The revocable trust and the blind trust are two options commonly used by lottery winners. Each has its own advantages and disadvantages.
A trust is a financial planning document stating how a person’s assets will be managed and distributed during his life and after his death. The executor of an estate is the person left with the responsibility of closing out all financial affairs of the decedent, as well as notifying and distributing remaining assets to beneficiaries. Most trusts have a trustee named for all trust assets but may also name an executor for any asset that might be discovered outside of the trust after death. A revocable trust is easier to amend than an irrevocable trust.
One of the primary purposes of financial planning is to save and grow wealth over time so that you are able to enjoy a high standard of living in retirement. A key aspect of building wealth is choosing how much money to save in bank accounts and similar interest-bearing accounts and how much to commit to investments such as stocks. There is no single correct answer to how much money you should but into savings and stocks. The amount you should save or invest depends on your personal financial goals, age and willingness to accept risk.
In a litigious society lawsuits abound. People, businesses and governments sue one another over money, wrongs, jurisdiction and rights. Most lawsuits are brought to court because of legitimate issues that cannot be settled by negotiation or arbitration among the parties. Certainly, the general area of trusts, estates and life insurance death claims provides fertile ground for disagreements over the distribution of wealth among the beneficiaries and other interested parties.
Trust deeds relate to the property in the trust, while assignments only transfer the right to income generated by that property. As a result, a beneficiary cannot assign a trust deed but he can assign his rights to income generated by the trust deed’s property. This assignment can be accomplished by executing a contract transferring the rights in most cases. However provisions in the original trust may prevent any assignment from occurring, depending on the circumstances.
Home loans, known as mortgages, are used to finance the purchase of a house and property. Although these loans are commonly called mortgages, the mortgage is actually a document signed by the borrowers when the loan is originated. Some states use mortgages to record the loan, while others use the deed of trust. These two documents function similarly; however, they have a few differences, including the trustee and beneficiary.
A trust is an entity that shows the legal relationship between a grantor and a trustee. A grantor funds the trust and the trustee manages it. The rights to assets placed in a trust are split between the trustee and the beneficiaries. The trustee is the legal owner of the property and the beneficiaries hold equitable title. Ownership of assets must be assigned to the trustee, because they are held in the trustee's name.
Employee trustworthiness plays an important role in a company's long-term success. Hiring employees you can trust affects your company's bottom line, whether it pertains to cash assets, loss prevention or employee retention. Implementing a consistent policy to enforce workplace conduct regarding honesty and trustworthiness directly impacts your ability to run your company.
