By financen | January 18, 2019 - 2:22 pm - Posted in Insurance, Life Insurance
Life Insurance

When you buy life insurance, it’s hard to determine how much you’ll need later on in life. Each year our lives can drastically change, causing us to review and rethink some of our expenses and insurances. Life insurance is one coverage that should evolve as you evolve.

Depending on your coverage, you may want to consider either increasing or decreasing your coverage according to where you’re at in life. There are certain signs to pay attention to that may tell you to reconsider what your life insurance policy is.

You Have Children

If you bought life insurance before you had kids, it might have been suitable for that moment in life. However, if later down the road you started to have children, your insurance may be outdated.

When we buy life insurance, it’s more for your family’s protection than anything. They would be the ones who utilize the death benefit if you passed away. If you have children, they’ll likely need more money to help cover costs and continue with life.

Your Health and Lifestyle Changes

Your lifestyle and health could be a sign that you need to either increase or decrease your insurance. The downfall, however, is that if your health declines, it will cost you more in monthly premiums. Americanterm.com has more information on how your health, like weight, affects your life insurance.

You Purchased a Home

If you recently moved into a new home, that is a good time to review your life insurance policy and consider increasing the death benefit. Moving into a new home can be expensive for quite some time. If you suddenly passed away, would your family be able to afford the mortgage and continue living there? Would they have to move out and look for something smaller?

The death benefit can help your family cover costs that your income used to help with. By increasing your coverage when you purchase a new home, you’re helping to guarantee that your family will continue to live in the family home.

Increase in Income

Have you gotten a raise recently? That is a good sign that you should look at increasing your life insurance policy.

Ask yourself this – would your family be able to live without your income? If the answer is no, you know that you need life insurance to cover the loss of the primary income. So, if you got a raise, you’ll want to increase the death benefit so that it matches you and your family’s lifestyle.

Fell Into Debt

Debt is one of the main reason why some families get life insurance. The death benefit could help cover the debt left behind a family member that passed away. Even though that family member is gone, the debt still has to get paid.

If you fell into debt recently, you may want to consider increasing your coverage for the time being. The more debt you have, the more that will fall on a family member if you suddenly passed away.

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By charles | January 9, 2019 - 2:21 pm - Posted in Home Buyer, Real Estate
Home buyer
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Price of buying a home and the mortgage rates keep increasing every year. So, if you are planning to buy a home at this time of the year, keep the following points in your mind before jumping into the market.

Having a good knowledge about the market: It is important to do a thorough research on different markets because each market behaves differently during the fall. According to the real estate market reports of August, national home values rose 0.4% from July, making it the third consecutive month where monthly home values rose more slowly than the month prior. However, markets in other places like California, Nevada, Minnesota are moving at a brisk pace of home value appreciation. It will be around 2 percent or higher.  By the time, this year’s selling season comes to an end, we will experience a slowdown in home value appreciation.

Selection is getting limited : There were many frustrated sellers who were not able to sell their properties during the busy season. This might take their homes off the market during the holidays and all actions will come to a standstill. This means that the choices for homes will become even more limited than what it is at the current market.

Using the negotiation skills : If you selected a home few months ago and if it is still not sold, then you can negotiate with the buyer for a lower price. While some buyers may not participate in the current market, others who have been waiting for the best possible price may now be ready to offer a lower quote. On the other hand, there may be some homeowners who are determined to get a set price and others will simply continue to wait for more time.

Checking the maintenance area : Fall is the best time to check the maintenance work like gutter drainage and the general upkeep of the yard. Check your home during this time and see if it needs any repair. During rainy season, you can inside your house and check out the furnace, look for the drafts, leakage issues and other possible structural or maintenance problems. You can keep aside a certain amount of money for repairing your home and then at a later stage, you can adjust the price of your home accordingly.

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By financen | December 19, 2018 - 3:02 am - Posted in Attorney

When you entrust your health or the health of a loved one to a doctor, hospital, or doctor’s office, you expect them to take the best care of you. You do not anticipate that they will do something to put your life at risk.

However, medical accidents happen all the time, leaving dozens of victims in their wake. When you retain the services of a medical malpractice, personal injury, or boston brain injury attorney, accident victims like you could take the first step in seeking proper justice and compensation for your suffering.

Proving the Circumstances of the Case

As the plaintiff in the legal action, you bear the responsibility of proving that you did nothing wrong to cause your own suffering. You did not fail to disclose all of your healthcare information to the medical team, for example. You also did not misuse medications or narcotics that could have complicated your health situation.

Still, you have to provide proof of these facts to the judge or jury. The doctors or healthcare facility you are suing will have a team of lawyers at the ready. These lawyers will do everything to remove the blame from the responsible party and back onto your shoulders.

To escape wrongful blame, you need a lawyer who is experienced in this area of law. Your attorney will get evidence from the facility or healthcare provider to show you were not at fault. This evidence can then be presented in court to the judge or jury.

Further, your attorney can act as your intermediary between the team of lawyers and you. You will not have to speak to them without your lawyer present. You will be guided in what to say and how to testify in your own case.

Having a lawyer by your side in a medical malpractice lawsuit can be critical to helping you get the results you want. You can find a lawyer to retain and also find out more about what kinds of services you could receive as a client by going online today. You can get immediate representation in the matter.

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By financen | December 17, 2018 - 6:08 pm - Posted in Attorney, Real Estate

Whether you’re a first time home buyer or a seasoned real estate investor, hiring the right help can make a big difference in your real estate transaction. On one hand, the buying and selling of real estate is just another financial transaction that people deal with on a daily basis. However, there are many regulations established by lenders and by the government that complicates each transaction. While these rules are established to protect us, they do tend to complicate matters.

While it’s not required by law that you hire a lawyer, working with a real estate law firm Austin TX can help your transaction go more smoothly. Generally, experienced real estate lawyers are familiar with the intricacies of these kinds of transactions, so they know how to handle the paperwork that complicates the process. They can ensure applications and other forms are filled out accurately and that all deadlines are met, so additional delays can be avoided.

In addition to assisting with the closing process on real estate sales, an experienced lawyer can help you with other matters related to the management of real property. Another major concern for homeowners is leaving their property to loved ones upon their passing. Your real estate attorney can also assist with estate planning, so you can ensure your final wishes will be carried out correctly.

You can also rely on your attorney as a real estate investor. More and more people are buying property as investments, which they rent out to tenants to turn a profit. In addition to making sure you comply with zoning laws in managing your investment, your lawyer can help you protect yourself against lawsuits. Your lawyer will help you avoid complaints of discrimination, substandard housing, and other issues related to the landlord/tenant relationship.

Anytime you’re dealing with real estate, you should consult an experienced lawyer. This is the best way to ensure your rights are protected and you’re not doing anything that could land you in legal trouble. There are many benefits to owning real estate, but, without the right help, you could end up losing more than your original financial investment.

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You might assume that buying land or a building is a relatively straightforward process. In reality, it can be complex and challenging and perhaps more than you can understand on your own.

Rather than go into the process totally uninformed, you might want to retain services that will help you be more assertive and confident during the proceedings. By hiring a lawyer experienced in buying, selling, and real estate closing austin tx clients like you can be properly informed and avoid doing anything that would be against the real estate laws in your state.

Legal Help with Selling

If you are a first-time seller, you may not know what is required of you when you put your property up for sale on the market. Selling often requires more than just listing the property for sale. You often have to follow a precise process that is designed to protect you as the seller and anyone who is interested in buying your property.

You can find out what is required of you and then follow through accordingly by hiring a real estate lawyer to represent you and your property. The lawyer can make sure you disclose all of the legal facts about the property. You also will be represented when the contract is signed by both parties.

Legal Help with Buying

A real estate lawyer can also assist you in buying a piece of property. If you are a first-time buyer, you may not be familiar with negotiating a price and then offering a sum of money for a down payment. You may also not be aware of contractual loopholes that will let you out of the transaction within a finite time frame.

The lawyer you hire to represent you can read through the contract and make sure it is legal and covers your best interests. He or she can then advise you of any loopholes about which you should be aware. You can sign the contract knowing you have been properly advised. The entire proceeding will have been done according to the law so both parties are protected.

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By financen | December 15, 2018 - 5:38 pm - Posted in Business

You have a great idea. You are ready to change the world with your plan. You are going to launch this great company in Dubai!

Slow down one second.

Before you go ahead, read on for three essential things to know before starting a business in Dubai.

1. There are plenty of benefits to starting a business in Dubai.

Just in case you weren’t aware of the multitude of benefits thataccompany the decision to start a business in Dubai, here is a rundown of fourof the most compelling reasons.

  • Tax advantages: Dubai does not have income tax, corporate tax or personal tax. Additionally, the Emirate does not implement any foreign exchange restraints or trade quotas.
  • Ability to have 100% foreign ownership: Unlike many countries in the world, the UAE allows 100% foreign ownership of companies, meaning you don’t have to find a local partner to have 51% ownership.
  • Total anonymity: Dubai doesn’t require any business to have public records of their directors and shareholders. In fact, as the government of the UAE endeavors to have an economy that is as open as possible, there are very few rules that interfere with business.
  • Flexible banking options: One of the main reasons Dubai is such a hub for international trade is because foreigners are able to efficiently and quickly open a corporate bank account that holds multiple currencies.

Each of these benefits is significant on its own; however, when youadd them together, they create a scenario that is incredibly appealing for manybusiness owners.

2. There is a new value-added-tax (VAT).

If you are looking to start a business in Dubai, it is essential that you are aware of the new VAT that was implemented this year. The new VAT is small compared to that of most developed countries (5%) and has been designed with the goal of aiding the government of the UAE in formulating a sustainable knowledge economy for the future that is less reliant on oil.

VAT is standard in most countries in the world and, usually, the amount of added VAT is determined as a percentage of the retail sale price of a product.

In the UAE, VAT is being added to the bulk of consumer items that are deemed as being a part of discretionary spending. Examples are electronics, automobiles, clothes and accessories, food and beverage, and entertainment.

Depending on the type of business you are looking to open in Dubai, you may have to look into VAT Registration. If your company creates taxable goods or services and has an annual turnover of Dh375,000 or more, then VAT Registration is mandatory.

To ensure that you are not going to find yourself with a lot of tax penalties, make sure that you know how to register for VAT and that you are completing the necessary paperwork within the appropriate time frame. 

3. You will find a welcoming hand for expats.

Dubai is mostly comprised of expats (90% of the population are fromelsewhere) which means no matter where you are from, you are going to feelwelcome. Plus, by opening a business in Dubai, you are in a position to easily obtain a UAE residencyvisa allowing you to rent property, enter and exit the country whenever youdesire, and become eligible for a Schengen visa.

This means you can be assured that you are going to find other people who havebeen through what you are about to embark on. If you are still concerned aboutaspects of setting up shop, then speak with the bestcompany formation service in Dubai.

By working with a company that has set up plenty of businesses, you can sleepwell at night knowing that you are receivingprofessional guidance through the necessary business setup, registrationand licensing procedures in the UAE.

You want to make sure you are getting everything done thoroughly andappropriately from the get-go so that you can set yourself up for success withyour new venture.

Are you contemplating starting a business in Dubai? What is standing in yourway? Let us know your thoughts in the comments below!

AUTHOR BIO
Raj Herry is the Founder and Chairman of Flying Colour Business Setup Services. His extensive experience comes from more than 15 years in the field of company incorporation for Dubai Mainland, all Free Zones across the UAE and offshore companies worldwide. He also owns several business centres offering furnished and ready-to-move offices in Dubai.

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By financen | December 3, 2018 - 5:06 pm - Posted in Real Estate

Real Estate

Over the last few years, pocket listing has become one of the best ways to quietly market your home. If you are not familiar with this real estate term, you will come to know about it. All homebuyers and sellers should know few important things about pocket listings.

A pocket listing is an unofficial, off market listing, also known as a “quiet” or “off-market” listing. This is a type of property an agent will keep tucked away in his or her pocket. Although the seller has a signed listing agreement with the real estate agents, the property for sale is not officially listed in the Multiple Listing Service(MLS).

Many years ago, Pocket listing was mainly started for high profile people who are looking for expensive homes and its marketing is done quietly. The properties included in the pocket listing were treated exclusively because they were listed under the radar of mainstream agents, buyers and even the press.

As the real estate market is becoming more challenging, Pocket listing is becoming very popular these days.  In many markets, there are a handful of low inventories and good properties, coupled with buyers who are motivated to see more homes. This might be a perfect reason to push the homes into the market. Sellers, on the other hand, want to sell off their properties, but they are not feeling happy with the current home values. These sellers will keep themselves away from the market and will sell the property only when they get the desirable price.

Once a home is listed in the Multiple Listing Services, the infamous days on market clock starts clicking. If your home is not getting business in the market, it is become staler and hence it starts losing its value. If a buyer notices a home that is on sale for 60 days or more, he will inevitably start with small offers.  The seller on the other hand, who wants a certain price for the home, and is not going to the market, will engage his real estate agent to put the property under “pocket listing”.

A pocket listing will allow the seller and the agent to quietly test the market without adding it to the MLS. They put a certain value of the property to see the reaction of the buyers and the traffic it’s getting, without the MLS clock listing. The agent will use various marketing strategies except the MLS, to get the word out about the home. Sometimes the pocket listing will be recorded in the MLS, but in other cases, they are sold without ever making it into the database.

If you are a seller, you should try pocket listing, just for a week or two, and see how it goes. You have nothing to lose. If you are a buyer, you should work with the local agents because he has long term relationships with other agents in the community. This way, you will come to know about all potential homes for sale.

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