Having a revocable living trust is an important tool when creating an estate plan to avoid the probate process. However, simply having a living trust is not enough. You need to make sure that the living trust is created properly since there are mistakes that can be made that can cause complications. Here are some of those mistakes that you'll want to avoid. Mistake 1: Failing To Fund The Living Trust

As a small business owner, you realize the importance of protecting your cash flow at all costs. You must make wise investment and spending decisions to ensure that you have enough money on which to operate. However, when you are so close to your business, you may lack the objectivity needed to protect and grow your wealth. You can make sure your business profits and spends its money carefully by using business development services.

The COVID-19 pandemic is likely impacting every aspect of your life, including your finances. However, although it is hard to escape its effects, it is important that you still move forward with your financial goals and plans. To ensure you stay on track, learn what steps you can take to manage your money despite the chaos. Keep the Emergency Fund a Priority With a pandemic, there is always a sense of uncertainty, especially when it comes to finances.

If you want to dip your toes in the commercial real estate market but don't want to invest a lot of capital, self-storage, and warehousing facilities are worth a closer look. Double-digit growth in e-commerce and rising inventories are driving the demand for more industrial space.  By investing in storage properties through a 1031 DST exchange, you can maximize your returns.  Under a 1031 DST exchange, capital gains are deferred, freeing up more funds to invest in commercial properties.

Saving money is not an easy task for a lot of people, and many people will wait to begin to plan for retirement until it is almost too late. If you are young and want to be able to live comfortably when you retire, you should start saving money right away. In fact, here are three great reasons to start saving at an early stage in your life. It is good to get in the habit of saving part of your income

Investing in the private sector can be challenging at times. You have to keep up with trends and know which securities are performing adequately. Instead of investing in this market on your own, a better approach is to work with a private placement broker-dealer. They can provide the following benefits.  1. Access to More Issuers  Navigating the private placement market can be challenging in terms of finding the right issuers. You may not have any connections and thus can't invest in the right securities that work for your particular financial portfolio.

Although the effect of a foreclosure on your credit score will not be permanent, you need to work to get your credit rating back to its pre-foreclosure levels. Here are four measures that will boost your credit after a foreclosure: Change Your Spending Habits Anytime you want to save your credit rating, the first thing you should do is to take a hard look at your spending habits and identify the areas you can improve on.

A financial planner is a good resource to consider if you are having trouble meeting your financial goals or would simply like a professional's assistance in reaching those goals. Listed below are just two of the many reasons to hire a financial planner to help you out. They Will Be Able To Help You Make A Plan For Any Goal The primary reason to hire a financial planner is that they will be able to help you make a plan to reach pretty much any realistic financial goal that you may have.

If you are in your mid 50s, then it is important to begin planning for the possibility that you will need to pay for a stay in a nursing home or assisted living facility in the future. The average cost of a stay in a nursing home or assisted living facility is $6,844 per month. This high cost of long-term care can take such a large financial toll on any senior, so it is important for everyone to consider how they will fund this stay in the future, if it occurs.

The holiday season can be one of the hardest times of the year on your pocketbook and your budget if you are not careful. Here are three financial tips that will help you make it through this holiday season without overdrawing your bank account and raiding your savings: #1 Figure Out Your Budget First Before you start buying presents for anyone, figure out what your overall budget is for holiday presents.