Do you need a will?

An estate is all the rights, titles, or interests that a person (living or deceased) has in any property.

Estate transfer is the act of conveying title to property interests from one person to another. Selecting proper estate transfer alternatives is the key to efficient and effective estate planning.

At death, transfers occur either through probate—i.e., by will provision or according to state law—or outside probate through “will substitutes,” such as trusts, contracts, or the way title is held.

-College for Financial Planning

Estate planning should decrease the amount of property transferred by will upon death. The service of a trust and estate attorney may be necessary.

Share on LinkedInTweet about this on TwitterPin on PinterestEmail this to someone

Business Plans…

On May 3, 2013 I was fired from my previous position. When I got dressed that morning I chose my best suit, tie and pocket square, and made sure they coordinated perfectly. It was Friday and I knew my life was going to be different from that day on.

After being escorted out of the office, I walked to the local car dealership and bought a used Honda Civic, which I named Ralph. If I was going to start a business I knew I would need a vehicle. While I waited for the dealer to prepare the paperwork I got on my laptop and booked a flight to L.A., departing the next day.

That evening my long time girlfriend informed me she no longer wanted to be in a relationship, with me… By the time I landed in Los Angeles I had completed 9 pages of my business plan.

If we consider a business plan a living document, it is never truly complete. As the environment changes and we receive new information the strategy and tactics should be adjusted accordingly. Though writing a business plan may seem like a daunting task, it is necessary for business success.

June 3, 2013 I established Coroebus Wealth Management, LLC. July 23, 2013 I held our Grand Opening celebration at the N.J. Historical Society. August 29, 2013 CWM was approved by the state of NJ as a registered investment advisory firm.

February 26, 2016 the U.S. Small Business Administration certified CWM as a participant in the 8(a) Business Development Program. I have begun working on an automated investment management application, or robo-advisor, called Pythia℠  scheduled for pre-release July 23, 2016.

My passion was born of necessity. Where will you find yours?

Share on LinkedInTweet about this on TwitterPin on PinterestEmail this to someone

How your budget may be limiting your dreams…

budget: an amount of money available for spending that is based on a plan for how it will be spent; Latin bulga bag, wallet or purse

dream: a series of thoughts, visions, or feelings that happen during sleep; an idea or vision that is created in your imagination and that is not real

It may be that your ideal or dream lifestyle does not currently fit your budget...

See Who needs a Budget? - Harvard Business Review

Share on LinkedInTweet about this on TwitterPin on PinterestEmail this to someone

a doctrinaire approach to acquiring wealth