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What is a “Life Estate”?

  A “life estate” is an estate whose duration is limited to the life of an individual (usually the party holding the life estate), and a legal arrangement whereby the “life tenant” during his or her life retains use (the rights to rents and profits), possession of the property and…

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Intellectual Property

Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized.  Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works;…

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Should I File For Bankruptcy?

  Many people have turned to bankruptcy as a solution to their financial situation. Whether to stop a foreclosure on a house, a repossession of a car or a wage garnishment, bankruptcy can provide a fresh start and allow you to rebuild your credit and get back on a healthy…

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50 Types of Trusts

  Trusts can be established for a wide variety of purposes, and some types of trusts have more than one name.  This issue provides brief descriptions of 50 trusts.  The use of trusts has increased during the last 30 years as taxpayers attempt to nurture and preserve financial wealth for…

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Determining the Value of Your Business

  There are many approaches to take in establishing an accurate valuation for your business. Finding the best method for your situation will provide you with the best measure of value. Read more about Exit Strategies/Selling Business » You’ve examined your company’s historical financial statements, thought carefully about your prospects…

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This One Equation will Change Your Life

  If there were an eighth wonder of the world, we’d nominate the equation compound interest : Your money x (I + i)^n. (If you’re not a math geek, don’t worry; were going to decipher that for you.) Albert Einstein (or maybe it was Yogi Berra) called this deceptively simple…

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