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Add You - Financial Directive - Advanced Estate Tax Planning, Power of Attorney Issues
Starting a home based business is the dream of many; the problem is 95% fail. If you want to make money on the internet, you need to know how! Most marketers, 95% of them, lack the skills and training required to make serious money from home on the internet.Right now, someone starts a new home business every 11 seconds. Here are the stats; they say there are over 800 Million people on the internet right now and over 300 Million of them would like to start a home based business. Most are not making a living with a 9-5 job. They hate their boss, hate their J.O.B., hate their commute and are deeply in financial debt. The problem is those 300 Million opportunity seekers most are all FAILING at making a real income from home. Actually, not all are failing, only 95% to 97% are. This is the harsh REALITY!Most Direct Sales, Affiliate and MLM programs provide fantastic Product, Motivational and Sales training an
CAUTIONARY PROVISIONS WITHIN YOUR FINANCIAL DIRECTIVE YOU WOULD NOT WANT YOUR AGENT TO HAVE
While we have enumerated the specifics of the powers to your Agent, there are some powers you would not want your Agent to have:
1. Your Agent cannot execute a will or codicil on your behalf.
2. Your Agent cannot execute any trust on your behalf; however, your Agent can enter into a custodial agreement with another “independent” individual or bank with trust powers.
3. Your Agent cannot divert your assets to himself [or herself], his [or her] creditors or his [or her] estate.
4. Your Agent shall not exercise, and shall not be vested wit
These days it seems like every person in debt first think about consolidating them. It is important to understand that a debt consolidation loan should be obtained when there isn't any other way to eliminate or reduce debt. If your debt problem isn't so bad, you might want to think about other solutions such as: proper debt management or debt negotiation.Contacting Credit Counseling OrganizationsA credit counselor can help you reduce debt, depending on the amount you owe. If your debt status is still manageable, meaning, if there is a way to pay off debt using your monthly income properly, a debt management company might be just the solution you need. Credit counseling organizations can also negotiate payments with your creditors. In fact, the process is fairly simple. Instead of your salary arriving in your bank account, it is transferred to the organizations account. They take care of making all the p
1. You cannot communicate your own wishes for your medical care:
A. Orally, B. In writing, or C. Through gestures, and
2. You are diagnosed to be close to death from a terminal condition, or to be permanently comatose, and
3. The medical personnel attending to your care are notified of your written directions.
WHAT IS A FINANCIAL DIRECTIVE?
To summarize, a “Medical” Directive is a legal Instrument addressing the issue(s) of your healthcare and a “Financial” Directive is legal financial Instrument that empowers your Agent over all your financial matters and to exercise or perform any act under a recognized “Principal / Agent” relationship, with power, duty or right of any obligation whatsoever over everything that you now presently have or may thereafter acquire in the future, relating to any person, matter, transaction or property, real or personal, tangible or intangible, now owned by you or thereafter acquired by you, including, without limitation, general powers and specifically enumerated powers as to each possible event or circumstances.
In order for your Financial Directive to be legally binding on all third parties, the third parties so notified of your Principal/Agent relationship, your instrument must be in writing, properly witnessed or notarized with power to indemnify all those who accepted it in good faith.
Your Financial Directive should grant your Agent full power and authority to do everything necessary in exercising any of the powers as fully as you might or you could do if you were personally present, with full power of substitution or revocation, ratifying and confirming all that your Agent may lawfully do or cause to be done by virtue of your Financial Directive.
ESSENTIAL ESTATE TAX PLANNING: THE FINANCIAL DIRECTIVE
A Financial Directive should be part of your estate tax planning.
Your Financial Directive Instrument should address the following general powers and specifically enumerate those powers as to each possible event or circumstance:
1. Demand, receive, and obtain by litigation or otherwise, money or other thing of value to which the Principal is, may become, or claims to be entitled, and conserve, invest, disburse, or use anything so received for the purposes intended.
2. Contract in any manner with any person, on terms agreeable to the Agent, to accomplish a purpose of a transaction, and perform, rescind, reform, release, or modify the contract or another contract made by or on behalf of the Principal.
3. Execute, acknowledge, seal, and deliver a deed, revocation, mortgage, lease, notice, check, release, or other instrument the Agent considers desirable to accomplish a purpose of a transaction.
4. Prosecute, defend, submit to arbitration, settle, and propose or accept a compromise with respect to a claim existing in favor of or against the Principal or intervene in litigation relating to the claim.
5. Seek on the Principal's behalf the assistance of a court to carry out an act authorized by your Financial Directive Instrument.
6. Engage, compensate, and discharge an attorney, accountant, expert witness, or other assistant as it becomes necessary or relevant to principal objective(s).
7. Keep appropriate records of each transaction, including an accounting of receipts and disbursements.
8. Prepare, execute, and file a record, report, or other document the Agent considers desirable to safeguard or promote the Principal' s interest under a government statute or governmental regulation.
9. Reimburse the Agent for expenditures properly made by the Agent in exercising the powers granted by this Instrument.
10. In general, do any other lawful act with respect to the subject at hand.
WHEN DOES YOUR FINANCIAL DIRECTIVE BECOME EFFECTIVE?
Your Financial Directive becomes effective when you are considered disabled or incapacitated.
For purposes of your Financial Directive Instrument, "disabled or incapacitated" means when a physician certifies in writing at a date later than the date of your Instrument was executed that, based on your physician's medical examination of you, your doctor declares you mentally incapable of managing your financial affairs.
Your Financial Directive should have a paragraph to “legally authorize your/the physician” who examines you to disclose your physical or mental condition to another person for validation. You may even authorize a second physician for a second opinion. Subsequent to this verification and disclosure of your incapacitated condition, a third party that accepts your Financial Directive is fully protected from any action taken.
FINANCIAL DIRECTIVE COMPARED TO GENERAL POWER OF ATTORNEY
I am reminded of cases where the spouse is precluded to sit in important business meetings of which her temporarily incapacitated husband was a member, and decisions were being made affecting her husband’s interest in the business. While a general power of attorney may have been sufficient, but more likely would have required further court action. The Financial Directive is a significantly stronger Instrument then a general power of attorney, and would have specifically addressed issues concerning the spouse’s ability to sit and vote with the Agent, in decisions affecting the business, and more specifically her ownership interest in the business, with ability to bring in professional assistance to consult with her on such important matters.
CAUTIONARY PROVISIONS WITHIN YOUR FINANCIAL DIRECTIVE YOU WOULD NOT WANT YOUR AGENT TO HAVE
While we have enumerated the specifics of the powers to your Agent, there are some powers you would not want your Agent to have:
1. Your Agent cannot execute a will or codicil on your behalf.
2. Your Agent cannot execute any trust on your behalf; however, your Agent can enter into a custodial agreement with another “independent” individual or bank with trust powers.
3. Your Agent cannot divert your assets to himself [or herself], his [or her] creditors or his [or her] estate.
4. Your Agent shall not exercise, and shall not be vested with
If you sell downloadable products, you're going to have a thank you page (a URL where the buyer is redirected after a sale). With just a couple lines of HTACCESS code you can make that folder airtight.You shouldn't be putting a buyer through a mandatory signup process to download the product. They already paid, just give them the file right away and offer a chance to opt-in for updates later. Otherwise you'll be getting lots of support e-mails from people asking where the product is they just paid for.It's always smart to name your thank you page something with a number -- a name like postorder735.html or thank-you-9987.html will do. You just want to make this impossible to guess.When it's possible I like to separate the sales page from the download, so I stash them in a folder called something like "download" or "order." Problem: If you have these separate folders, these URL guessers can see the
In order for your Financial Directive to be legally binding on all third parties, the third parties so notified of your Principal/Agent relationship, your instrument must be in writing, properly witnessed or notarized with power to indemnify all those who accepted it in good faith.
Your Financial Directive should grant your Agent full power and authority to do everything necessary in exercising any of the powers as fully as you might or you could do if you were personally present, with full power of substitution or revocation, ratifying and confirming all that your Agent may lawfully do or cause to be done by virtue of your Financial Directive.
ESSENTIAL ESTATE TAX PLANNING: THE FINANCIAL DIRECTIVE
A Financial Directive should be part of your estate tax planning.
Your Financial Directive Instrument should address the following general powers and specifically enumerate those powers as to each possible event or circumstance:
1. Demand, receive, and obtain by litigation or otherwise, money or other thing of value to which the Principal is, may become, or claims to be entitled, and conserve, invest, disburse, or use anything so received for the purposes intended.
2. Contract in any manner with any person, on terms agreeable to the Agent, to accomplish a purpose of a transaction, and perform, rescind, reform, release, or modify the contract or another contract made by or on behalf of the Principal.
3. Execute, acknowledge, seal, and deliver a deed, revocation, mortgage, lease, notice, check, release, or other instrument the Agent considers desirable to accomplish a purpose of a transaction.
4. Prosecute, defend, submit to arbitration, settle, and propose or accept a compromise with respect to a claim existing in favor of or against the Principal or intervene in litigation relating to the claim.
5. Seek on the Principal's behalf the assistance of a court to carry out an act authorized by your Financial Directive Instrument.
6. Engage, compensate, and discharge an attorney, accountant, expert witness, or other assistant as it becomes necessary or relevant to principal objective(s).
7. Keep appropriate records of each transaction, including an accounting of receipts and disbursements.
8. Prepare, execute, and file a record, report, or other document the Agent considers desirable to safeguard or promote the Principal' s interest under a government statute or governmental regulation.
9. Reimburse the Agent for expenditures properly made by the Agent in exercising the powers granted by this Instrument.
10. In general, do any other lawful act with respect to the subject at hand.
WHEN DOES YOUR FINANCIAL DIRECTIVE BECOME EFFECTIVE?
Your Financial Directive becomes effective when you are considered disabled or incapacitated.
For purposes of your Financial Directive Instrument, "disabled or incapacitated" means when a physician certifies in writing at a date later than the date of your Instrument was executed that, based on your physician's medical examination of you, your doctor declares you mentally incapable of managing your financial affairs.
Your Financial Directive should have a paragraph to “legally authorize your/the physician” who examines you to disclose your physical or mental condition to another person for validation. You may even authorize a second physician for a second opinion. Subsequent to this verification and disclosure of your incapacitated condition, a third party that accepts your Financial Directive is fully protected from any action taken.
FINANCIAL DIRECTIVE COMPARED TO GENERAL POWER OF ATTORNEY
I am reminded of cases where the spouse is precluded to sit in important business meetings of which her temporarily incapacitated husband was a member, and decisions were being made affecting her husband’s interest in the business. While a general power of attorney may have been sufficient, but more likely would have required further court action. The Financial Directive is a significantly stronger Instrument then a general power of attorney, and would have specifically addressed issues concerning the spouse’s ability to sit and vote with the Agent, in decisions affecting the business, and more specifically her ownership interest in the business, with ability to bring in professional assistance to consult with her on such important matters.
CAUTIONARY PROVISIONS WITHIN YOUR FINANCIAL DIRECTIVE YOU WOULD NOT WANT YOUR AGENT TO HAVE
While we have enumerated the specifics of the powers to your Agent, there are some powers you would not want your Agent to have:
1. Your Agent cannot execute a will or codicil on your behalf.
2. Your Agent cannot execute any trust on your behalf; however, your Agent can enter into a custodial agreement with another “independent” individual or bank with trust powers.
3. Your Agent cannot divert your assets to himself [or herself], his [or her] creditors or his [or her] estate.
4. Your Agent shall not exercise, and shall not be vested wit
If you trade any financial market, you will be aware that the majority of investors simply don’t make money. It’s not because they lack trading ability – investors don’t make money because they don’t understand trading logic.A focus on trading logic is essential for any trader who seeks to make money. Forget, opinions and emotions, and focus on the reality of the trading environment - you can then apply trading logic, to make huge profits consistently.Here are some observations of trading logic, and how you can use them to your advantage.The Market PriceFirstly, before we look at anything else, we need to look at what moves financial markets:Supply and demand (fundamentals) + Investor perception = Market priceTherefore, prices are determined not just by supply and demand - but also by people. So, what does this trading logic tell us? - Predictive theories don’t work, but odds
2. Contract in any manner with any person, on terms agreeable to the Agent, to accomplish a purpose of a transaction, and perform, rescind, reform, release, or modify the contract or another contract made by or on behalf of the Principal.
3. Execute, acknowledge, seal, and deliver a deed, revocation, mortgage, lease, notice, check, release, or other instrument the Agent considers desirable to accomplish a purpose of a transaction.
4. Prosecute, defend, submit to arbitration, settle, and propose or accept a compromise with respect to a claim existing in favor of or against the Principal or intervene in litigation relating to the claim.
5. Seek on the Principal's behalf the assistance of a court to carry out an act authorized by your Financial Directive Instrument.
6. Engage, compensate, and discharge an attorney, accountant, expert witness, or other assistant as it becomes necessary or relevant to principal objective(s).
7. Keep appropriate records of each transaction, including an accounting of receipts and disbursements.
8. Prepare, execute, and file a record, report, or other document the Agent considers desirable to safeguard or promote the Principal' s interest under a government statute or governmental regulation.
9. Reimburse the Agent for expenditures properly made by the Agent in exercising the powers granted by this Instrument.
10. In general, do any other lawful act with respect to the subject at hand.
WHEN DOES YOUR FINANCIAL DIRECTIVE BECOME EFFECTIVE?
Your Financial Directive becomes effective when you are considered disabled or incapacitated.
For purposes of your Financial Directive Instrument, "disabled or incapacitated" means when a physician certifies in writing at a date later than the date of your Instrument was executed that, based on your physician's medical examination of you, your doctor declares you mentally incapable of managing your financial affairs.
Your Financial Directive should have a paragraph to “legally authorize your/the physician” who examines you to disclose your physical or mental condition to another person for validation. You may even authorize a second physician for a second opinion. Subsequent to this verification and disclosure of your incapacitated condition, a third party that accepts your Financial Directive is fully protected from any action taken.
FINANCIAL DIRECTIVE COMPARED TO GENERAL POWER OF ATTORNEY
I am reminded of cases where the spouse is precluded to sit in important business meetings of which her temporarily incapacitated husband was a member, and decisions were being made affecting her husband’s interest in the business. While a general power of attorney may have been sufficient, but more likely would have required further court action. The Financial Directive is a significantly stronger Instrument then a general power of attorney, and would have specifically addressed issues concerning the spouse’s ability to sit and vote with the Agent, in decisions affecting the business, and more specifically her ownership interest in the business, with ability to bring in professional assistance to consult with her on such important matters.
CAUTIONARY PROVISIONS WITHIN YOUR FINANCIAL DIRECTIVE YOU WOULD NOT WANT YOUR AGENT TO HAVE
While we have enumerated the specifics of the powers to your Agent, there are some powers you would not want your Agent to have:
1. Your Agent cannot execute a will or codicil on your behalf.
2. Your Agent cannot execute any trust on your behalf; however, your Agent can enter into a custodial agreement with another “independent” individual or bank with trust powers.
3. Your Agent cannot divert your assets to himself [or herself], his [or her] creditors or his [or her] estate.
4. Your Agent shall not exercise, and shall not be vested wit
Many people are attracted to an instant approval credit card because they want instant gratification. Basically, advancements in technology have caused our society to become used to getting things quickly. Credit cards are no exception. While there are many reasons why you might want to get an instant approval credit card, there are many things you need to take into consideration in order to decide if an instant approval credit card is what you are looking for.Do you need the credit card right away, or can you wait?If you need a line of credit right away, an instant approval credit card may be just the thing you are looking for. For example, if you had a great business opportunity or vacation package suddenly appear and you need the funds right away, then you might want to apply for an instant approval credit card. Or, if you have unexpected medical expenses or other emergency-related expenses, the
9. Reimburse the Agent for expenditures properly made by the Agent in exercising the powers granted by this Instrument.
10. In general, do any other lawful act with respect to the subject at hand.
WHEN DOES YOUR FINANCIAL DIRECTIVE BECOME EFFECTIVE?
Your Financial Directive becomes effective when you are considered disabled or incapacitated.
For purposes of your Financial Directive Instrument, "disabled or incapacitated" means when a physician certifies in writing at a date later than the date of your Instrument was executed that, based on your physician's medical examination of you, your doctor declares you mentally incapable of managing your financial affairs.
Your Financial Directive should have a paragraph to “legally authorize your/the physician” who examines you to disclose your physical or mental condition to another person for validation. You may even authorize a second physician for a second opinion. Subsequent to this verification and disclosure of your incapacitated condition, a third party that accepts your Financial Directive is fully protected from any action taken.
FINANCIAL DIRECTIVE COMPARED TO GENERAL POWER OF ATTORNEY
I am reminded of cases where the spouse is precluded to sit in important business meetings of which her temporarily incapacitated husband was a member, and decisions were being made affecting her husband’s interest in the business. While a general power of attorney may have been sufficient, but more likely would have required further court action. The Financial Directive is a significantly stronger Instrument then a general power of attorney, and would have specifically addressed issues concerning the spouse’s ability to sit and vote with the Agent, in decisions affecting the business, and more specifically her ownership interest in the business, with ability to bring in professional assistance to consult with her on such important matters.
CAUTIONARY PROVISIONS WITHIN YOUR FINANCIAL DIRECTIVE YOU WOULD NOT WANT YOUR AGENT TO HAVE
While we have enumerated the specifics of the powers to your Agent, there are some powers you would not want your Agent to have:
1. Your Agent cannot execute a will or codicil on your behalf.
2. Your Agent cannot execute any trust on your behalf; however, your Agent can enter into a custodial agreement with another “independent” individual or bank with trust powers.
3. Your Agent cannot divert your assets to himself [or herself], his [or her] creditors or his [or her] estate.
4. Your Agent shall not exercise, and shall not be vested wit
Affiliates spend a lot of time and money creating a special environment and information for their site visitors. But sometimes things go wrong. A visitor was dissatisfied with a product you sold, or it was damaged in shipping. Someone isn’t receiving your mail newsletter. A visitor had a terrible experience with one of your merchant partners. They took your advice and it didn’t work for them.The way you react to problems and complaints will make a big difference in your visitor’s loyalty to your site. What can you do? Act swiftly. Be sure you have someone monitoring the customer service and info email boxes several times a day even if you’re just beginning and only serving a small number of visitors. Larger companies should continually monitor for problems, and the largest should consider instant messaging for complaints. In almost all cases apologize immediately and take immediate steps to correc
CAUTIONARY PROVISIONS WITHIN YOUR FINANCIAL DIRECTIVE YOU WOULD NOT WANT YOUR AGENT TO HAVE
While we have enumerated the specifics of the powers to your Agent, there are some powers you would not want your Agent to have:
1. Your Agent cannot execute a will or codicil on your behalf.
2. Your Agent cannot execute any trust on your behalf; however, your Agent can enter into a custodial agreement with another “independent” individual or bank with trust powers.
3. Your Agent cannot divert your assets to himself [or herself], his [or her] creditors or his [or her] estate.
4. Your Agent shall not exercise, and shall not be vested with any incidents of ownership as to insurance policies insuring your life and shall have no power and no authority over life insurance policies you may own on your Agent's life.
5. Your Agent is your FIDUCIARY, possessing no general or limited power of appointment.
6. Your Agent shall not exercise any powers which you received from your Agent in a fiduciary capacity, and your Agent shall have no authority to exercise any powers, the exercise of which would cause any of your assets to be considered as taxable in your Agent's estate for the purposes of the federal estate tax or the inheritance tax.
Your Agent shall have NO Power to void or modify any portion of your Financial Directive in any way whatsoever. Only the Principal may revoke or amend by written notice to all parties and only by certified mail with return receipt.
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