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Wednesday, September 12, 2007

Car Insurance - Sooner The Better

One of the biggest problems of modern times undoubtedly is that of constantly rising prices. Rarely is there any section of society which is not affected by it. What it does mean is that people have to spend far more for every thing than before. In this case if some damage is done to a product which has been purchased after spending huge amount one can easily understand the state of the concerned individual.

Apart from the fact that he would be mentally shattered he would also have to spend a fortune to rectify the damage. As far as the disappointment on the damage of a hard earned product is concerned it simply cannot be replaced but as far as the financial loss is concerned it surely can be taken care of. Insurance companies do a great service by taking care of all the expenditure that might have come in the repair of the product.

When one talks about the products that one buys then one product that readily comes to mind is that of a car. Its everyone's aspiration to own a car and they go to any length to fulfill this dream of theirs, even if it means taking a loan on heavy interest. It is therefore advised that such people go for car insurance that would go a long way in helping them in coping up with the expenses that one might incur on the repair of his car.

Damage can be of different types. Damages can be incurred in accidents, theft etc. In both the cases whatever amount one had to incur is taken care of by the insurance company and the individual concerned is relieved from spending any money on the repairing of his car.

However, one must keep in mind that to gain all the advantages of insurance one read the form very carefully and make any adjustment then and there. Also one should be careful that everything is explained to the insurance companies for any misleading information will unnecessarily create unnecessary complication for the individual concerned.

Thus it becomes amply clear that insurance goes a long way in reducing the worries of people and help in getting their damage redone. Car insurance discussed above is a classic example of how insurance companies play a pivotal role in helping people at a time when they need their help the most.

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A Loop Hole in California Landlord Tenant Law

Under California law landlords have to adhere to housing standards and must refrain from using self help. There are housing standards that if violated will deem the property untenable, meaning it cannot be rented out.

The property is deemed untenable, if it substantially lacks the following:

(1) Effective waterproofing and weather protection of the roof, walls, windows, and doors;

(2) gas facilities maintained in good working order;

(3) a water supply capable of producing hot and cold running water, and connected to a sewage disposal system;

(4) heating facilities maintained in good working order;

(5) Electrical lighting, maintained in good working order;

(6) the building, the grounds, appurtenances, and all areas under control of the landlord starting from the time of the commencement of the lease or rental agreement have to be kept clean, sanitary, free from all accumulations of debris, filth, rubbish, garbage, rodents, and vermin;

(7) an adequate number of appropriate receptacles for garbage and rubbish, in clean condition and good repair at the time of the commence of the lease or rental agreement, and the landlord is responsible for the clean condition and good repair of the receptacles under his or her control;

(8) floors, stairways maintained in good repair.

The landlord also has to be sure he complies with local ordinances and any remodeling has to comply with existing building codes.

A landlord of a dwelling cannot legally demand rent, collect rent, issue a notice of a rent increase, or issue a three day notice to pay rent or quit, if the property is untenable and:

(1) A public officer or employee who is responsible for the enforcement of any housing law, after inspecting the premises, has notified the landlord or the landlord's agent in writing of his or her obligations to abate the nuisance or repair the substandard conditions;

(2) The conditions have existed and have not been removed 35 days after notice was received from a public officer and the delay is not for good cause;

(3) and the conditions were not caused by an act of the tenant or the tenants failure to act.

A landlord that demands rent, collects rent, or issues a notice of rent increase, or issues a three day notice to pay or quit and the four conditions are present then the landlord liable to the tenant for the actual damages, plus special damages of no less than $100 and not more than $5,000.00. The prevailing party is also entitle to reasonable attorney fees and costs.

This does not mean that the tenant can cause these conditions and it does not mean that the landlord is liable if the tenant chooses to live in substandard conditions. The landlord has no duty to repair a dilapidation if the tenant is in substantial violation of the following affirmative obligations:

(1) The tenant is obligated to keep that part of the premises which he occupies and uses clean and sanitary as the condition the premises permit;

(2) The tenant is required to properly dispose for his dwelling unit all rubbish, garbage and other waste , in a clean and sanitary manner;

(3) The tenant is obligated to refrain from giving permission to any person on the premises to willfully destroy, deface, damage, impair or remove any part of the structure and the tenant also must refrain from doing such things;

(4) The tenant is obligated to occupy the premises as his abode, utilizing portions for living, sleeping, cooking or dining purposes only as the dwelling was designed and intended to be used.

These are the most basic requirements, but the list of obligations and responsibilities is much broader and imposes even more responsibilities on the landlord. What is shocking, is that a landlord is allowed to legally harass a tenant, even when the landlord has no viable claim and is in violation of the preceding. A landlord can initiate eviction proceedings and even evict a tenant, even if the landlord is in violation of the aforementioned housing violations. If the tenant is able to obtain counsel to represent the tenant the landlord can litigate the lawsuit and then on the day of trial simply dismiss the lawsuit.

If the landlord alleges a contract violation as the basis of the lawsuit, the landlord can dismiss the lawsuit at the very last minute and not incur any attorney fees or costs, because if there is an attorney fee provisions in the lease agreement there is no winner when the landlord voluntarily dismisses the case. It is a loophole that essentially encourages frivolous lawsuits. Under California law the landlord could bring a frivolous lawsuit several times and dismiss them just before trial after the tenant has exhausted thousands defending the lawsuit. This is how a landlord can harass a tenant legally.

It is not right, it is not fair, and certainly not just, but it is the result that was created by the State Legislature.

Arnold Hernandez is a California lawyer based in San Diego County, representing individuals primarily in car accidents, truck accidents, dog bites, and overtime wage claims throughout California.

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FSBO Open Houses - What If You Get An Offer?

Youve decided to sell your home yourself and decide to have an open house to show off the property. Potential buyers come and you get an offer. What now?

Qualifying Buyers

Your home is looking sharp and youve got the word out telling people about the open house. Now you need to be prepared to take action if a qualified buyer attends, likes your home and wants to buy it.

Most qualified buyers will have a strong lender letter. If one of them wants to buy, you can move on to the next step. There may be people who come to your open house who would like to buy but dont yet have a lender letter. Let me suggest a mutually helpful alliance for dealing with that situation.

Call several lenders before you schedule your open house. Tell them youre planning an open house and youd like to have a lender on hand to help buyers (even if they dont want to buy your home) figure out what they can afford. Tell them youd also like them to help you evaluate any lender letter youre offered by a potential buyer. Choose the lender you feel most comfortable with and work out a mutually acceptable date for your open house.

You can introduce all attendees at your open house to the lender. This often proves to be helpful to you, some of the buyers who attend and can be a source of additional loans for the lender. Everybody wins.

Be Prepared for Action

You need to know how you want to handle a contract should someone want to make an offer. Do you have an attorney who will draw it? Are you going to suggest using a contract form? If so, have one on hand. Do you have a specific settlement company youd like to use? Do your homework and think these things through in advance. Buyers may have ideas and connections of their own. You should consider any reasonable suggestion a potential buyer makes, but be prepared with your own approach if the buyer isnt sure how to proceed. The point is to plan your course of action in advance.

In Closing

FSBO sellers often worry whether anyone will attend their open houses. They are then happily surprised when people arrive. Such happiness can turn to embarrassment when an offer is made and the FSBO seller isnt sure how to handle it. If you think positively and prepare, this need not happen to you.

Raynor James is with http://www.fsboamerica.org - providing FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to list and sell your home for free for one month. Visit http://www.fsboamerica.org/buyer.cfm to see homes for sale by owner.

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Establishing Your Business

Owning you own business is not just about being you own boss or being able to boast at dinner tables that you are self-employed, in fact the first few years of operating and running your own business are an absolute nightmare. The reality is that you should be prepared to go on your first real holiday only after 5 years of starting your own business. Of course there are those who can go on an extended holiday in their first year of business but, believe me, they are few and far between. Being an entrepreneur is hard, but it can be very rewarding

The art of entrepreneurship is as old as mankind itself, people have always traded since time immemorial and there have always been people who are far much better than the rest at aggregating supplies and/or services and selling them at a profit, while at the same time employing people to do various tasks for them.

These types of people have, in the modern world become known as entrepreneurs. I remember at school at age 12, we had a fellow schoolmate who used to bring fizz-pops to school and sell them to us at a ridiculous price and as much as we would complain and call him all sorts of nasty names, he would have absolutely no stock by lunch time. In those days, he had figured out that even though fizz-pops were very popular amongst school children, most of us could never remember to buy the cheaper fizz-pops at the shops on our way to school.

Therefore his success in this little venture was mainly due to the following reasons:

the product was in great demand
he offered tremendous convenience by selling his product right outside the classrooms
he had a virtual monopoly because the school tuck-shop for whatever reason had no desire to stock these popular products
he went about his business with dogged determination despite being called unflattering names by his peers

After a while another boy decided to enter this lucrative market, however as much as we loathed the first boy we all continued to buy his fizz-pops. Needless to say the new entrant into the market could not penetrate the market. Whether by design or foresight, the first boy had established what is known in the business world as reputation, a brand and trust all intangible assets.

The above example demonstrates that entrepreneurs see opportunities that others do not or unwilling to see and act upon them. Any one of the 600 school kids at my school could have supplied the fizz-pops but none of us did because we neither saw the opportunity nor were we prepared to go through the hassle of buying the supplies etc every day. We were comfortable enough to receive pocket-money from our parents every day. Needless to say this boy, now a man, runs his own very successful business, while most of us work for that monthly pay packet.

The lesson here, is that, whatever business you decide to go into develop your reputation, establish a brand and develop trust. These do not come overnight, it is a process and not an event. Once you have a particular goal for your business in sight, do not be discouraged or distracted from achieving that goal.

AW Accounting Services

James is a chartered accountant who has been involved in small business start ups over the past 6 years. He has a wealth of experience in financial administration and operational management within the small to medium business sectors. For More please visit http://www.sendarequest.com

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The Benefit of Beans, Peas and Lentils

The word is out, beans are in! Legumes(beans, peas and lentils) are not only nutritious but delicious. Though beans have often been neglected in the Western diet, they have long since been an important part of traditional diets around the world. Many people in North America are discovering that beans are not only tasty, easy to prepare, economical but are good for you. Legumes are an important food source. They are an excellent source of protein, are low in fat, high in fiber, loaded with complex carbohydrates and have many essential micronutrients.

We do not know the exact relationship between diet and disease however it has become accepted that healthy eating can improve our chances of preventing diseases such as heart disease, strokes and some forms of cancer. Substituting beans, peas and lentils for foods that are high in saturated fats and refined carbohydrates is likely to lower the risk of cardiovascular disease. Research is showing that plant protein helps protct the heart by lowering blood cholesterol levels in many people.

Beans are good for diabetics too because they contain complex carbohydrates and lots of fiber that helps keep blood sugar on an even keel. It is also a good way to add variety to gluten free diets.

New research suggests that muscle soreness after strenous and prolonged exercise can be reduced by eating foods that contain antioxidants which includes fruit, vegetables and beans. Red kidney beans, pinto and black beas are included in the US Dept of Agriculture's list of the 20 best "muscle-saving" foods.

The beans which our mothers used to make the occasional casserole or soup are not the same as today's beans. The new strains of beans are being grown with thinner skins which shorten the cooking times. Dried beans do NOT have to be soaked overnight - you can use the quick soak method. With the explosion of interest in bean cookery, there is much more rapid turnover in supermarket and bulk food stores, hence beans are fresher and have faster cooking times. The cooking times sugggested in many recipe books will produce "bean mush".

Canned beans make it easy for the busy cook to prepare a tasty meal quickly. (Just be sure to rinse them well before using).

There are now many delicious recipes for everything from appetizers, soups, salads, main and side dishes and none are hard on the pocket book.

Another great thing about beans is their flexibility - you don't have to follow a recipe slavishly but can use your available supplies and ingenuity. You can also use them as a meat extender in some of your favorite recipes.

As we continue to eat healthier by cutting fat and not flavor and by eating less meat, there is an increasing emphasis on legumes as an essentil part of today's diet. Two recent food pyramids, The Asian an Mediterranean both support this trend by recommending a daily serving of beans, peas and lentils.

Let the bean bonanza begin!

Trish Ross has been researching the world of beans for over 10 years and is the author of Easy Beans and More Easy Beans, two bestselling bean cookbooks. Visit her website at http://www.easybeanscookbook.com

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South Beach Diet Foods To Enjoy

I enjoy food really. It plays an essential role in our lives, granting us both pleasure and nourishment. So, if you are planning on changing the way you eat and losing weight, you want to make sure that you are on a diet that includes food you enjoy.

Since the South Beach Diet aims to resolve a condition known as insulin resistance (the inability of your body to properly process fuel, fats or sugar), it focuses on a variety of nutritious foods lean meat and fish, low-fat cheese, healthy oils and nuts, vegetables and the right carbohydrates. All of these are foods with a low glycemic index. (The glycemic index measures how much a certain food increases your blood sugar. The higher the food indexes, the more it will contribute to your weight gain.)

The foods you will primarily enjoy on the South Beach Diet will be satisfying and wholesome. You will learn how to incorporate the occasional indulgence without going off track. Most of all, you will learn how food affects your body.

The South Beach Diet takes a three-phase approach to weight loss. In Phase 1, you will resolve your insulin resistance and rid yourself of carbohydrate cravings. Phase 2 will incorporate more variety and help you accomplish your weight loss goals. Phase 3 is maintenance how to eat for the rest of your life.

Foods You Can Enjoy on Phase 1
During this time, you will mainly be eating lean meat, pork and chicken and low-glycemic index carbohydrates. You will also incorporate a variety of mono- and polyunsaturated fats such as olive oil, canola oil and peanut oil.

Foods You Can Enjoy on Phase 2
At this point, you can start re-introducing certain healthy carbs (with a slightly higher glycemic index) fruit, whole grain bread, whole grain rice, whole wheat pasta and sweet potatoes. You can even have chocolate. You wont be able to have all these things all the time. But, you will be able to have them in moderation. As you add items back in, monitor your weight loss. If you notice your weight loss slowing, you should cut back on these items.

Foods You Can Enjoy on Phase 3
You will enter Phase 3 when you have lost all of your excess weight. There is no set food list for this phase. You should continue to eat according to the principles you learned in Phase 2. If you want something and it doesnt undo your sacrifices, enjoy it. If you overindulge, get on Phase 1 for a week or two. The important thing is that you maintain your weight loss.

Remember the three phases are flexible. If you have fallen off the wagon, switch back to Phase I for a couple of weeks and continue losing weight. You should feel free to move between the phases as you see fit. After all, this diet is meant to accommodate foods you enjoy.

Reggie Dunn is a long time diet enthusiast and follower of the South Beach Diet.
You can find more information on the South Beach Diet at http://www.online-diet-reviews.info/south-beach-diet.html

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Take Charge of Your Pet's Nutritional Needs with Foods From You Own Pantry!

As a pet owner, I was concerned by the recent pet food scare and wondered how I could take better care of my beloved pets. I spent many days and hundreds of hours combing the internet for information regarding pet nutrition and culling through hundreds of recipes. I believe I have gathered the cream of the crop here.

Pets are a cherished part of the family. Making sure our pets are fed nutritious food is important. Making your own pet food is not only easy and fun; it is also very cost effective! Your pets will love the variety of flavors and youll see a big difference in the shine of their coat as well as in their energy level.

Nutrition for dogs
A healthy dog needs a healthy diet. Proper nutrition is important to several functions of a dogs body. It is necessary for the growth of the dog, as well as the repair of any body tissue that has sustained damage. Additionally, proper nutrition provides the energy the dog uses to go about his daily living activities. The major nutrients that all dogs need in their diet include carbohydrates, fats, and proteins. Dogs require about 75% carbohydrate foods (grains and vegetables) to 25% fats and proteins (meats and supplements). All pet foods should be served at room temperature; don't serve food cold from the refrigerator or hot from the stove.

As a general rule feed your dogs in these amounts,
6 oz/day for 10 lb dog
12 oz/day for 20 lb dog
18 oz/day for 30 lb dog
24 oz/day for 40 lb dog
30-36 oz/day for 50-150 lb dog

Because animals are color blind they choose their foods by smell. Most dogs like gamey flavors best. Dogs may eat a variety of vegetables and some dogs even enjoy fruits! Dont add salt to homemade dog food; the natural salt in the food is enough for a dogs nutritional needs. It's a good idea to always add a grain, such as Kibble (recipe on page 13), wheat germ, cooked oatmeal or whole wheat bread to meat dinners.

Feed your puppy two to three times a day. An adult dog needs only one feeding per day. Try to feed your dog at the same time each day. This will help regulate their elimination and make it easier to house train puppies.

Always have a dish of water handy for your dog and keep it clean. Change your dogs water daily.

Know Good Health When You See It
A dog that is fed a well-balanced diet rich in beneficial nutrients shows many recognizable signs of good health.
Abundant energy
Brightness, a sparkle in his/her eyes and a sense that s/he is enjoying life
Healthy coat that is soft and shiny and doesnt mat easily
Little or no Doggie odor
Strong immune system, which keeps him/her healthy
Well-muscled body
Well-formed stool that is not voluminous and is easily produced, with no straining

Problems Associated with Low-Quality Diets
Common problems associated with low-quality diets include:
Dull, greasy coat, usually accompanied by dandruff
Low energy level
Skin odor
Susceptibility to generalized infections, such as ear infections that become chronic or skin infections caused by greasy, seborrheic skin
Thin, undernourished appearance
Voluminous stool

FOODS YOU MAY FEED YOUR DOG

DAIRY
Eggs
Grated Cheese
Cottage Cheese
Plain Yogurt

FRUITS
Bananas
Blackberry
Blueberry
Cherries (STONE REMOVED)
Kiwis
Melons
Papaya
Peaches
Apples
Bananas
Oranges

MEATS
Beef
Deer
Chicken
Fish (DEBONED)
Ground Beef
Lamb
Mutton
Organ Meats such as heart, kidney and liver
Rabbit
Turkey

VEGETABLES Veggies need to either be boiled and mashed or pureed
Asparagus
Avocado
Beets
Broccoli
Brussels Sprouts
Cabbage: Carrots
Cauliflower
Celery
Dandelion Leaves
Kolrabi
Kale
Okra
Parsley
Parsnips
Peas
Pumpkin
Rutabagas
Squash
Sweet potatoes
Swiss chard
Turnips
Zucchini

SUPPLEMENTAL ITEMS
Canola Oil with vitamin E
Cod Liver Oil
Crushed egg shells
Oyster calcium
Vitamin C

Use your imagination as you combine items from these lists to make some incredibly tasty and nutritious meals for your dog. Remember to use the supplemental items as they will aid in digestion and make the coat shine!

Nutrition for CATS A healthy cat needs a healthy diet. Proper nutrition is important to several functions of a cats body. It is necessary for the growth of the cat, as well as the repair of any body tissue that has sustained damage. Additionally, proper nutrition provides the energy the cat uses to go about his daily living activities. The major nutrients that all cats need in their diet include carbohydrates, fats, and proteins. Dogs require about 10% carbohydrate foods (grains and vegetables) to 90% fats and proteins (meats and supplements). All pet foods should be served at room temperature; don't serve food cold from the refrigerator or hot from the stove. Feeding the correct diet will ensure the healthy formation of bones, teeth and internal organs, which will be reflected in the condition of your cats coat.

Cats should be fed two to three times a day.

As a general rule feed your cats in these amounts
3 oz/day for 5 lb cat
6 oz/day for 10 lbs cat
12 oz/day for 20 lbs cat
18 oz/day for 30 lbs cat

Cats must eat fresh food. Remember that cats are fussy eaters and it is not wise to continually feed them their favorite foods. Soon they will refuse to eat anything else; it is your job to see your cat has a balanced diet. Cats do not have the metabolic means to digest "ripe" food and get rid of any toxic byproducts; instead, they have evolved very specific taste and scent capabilities that would prevent them from eating anything that is not fresh. This, in part, is what accounts for the "pickiness" of cats. They are evolutionarily picky for good reason. Of course, the food you feed your cat can be frozen first and then defrosted, but cats should not be fed any 'old' meatsave that for the dogs.

Cats do not have the capability to create taurine (an essential amino acid) like dogs do. This means that a cat must ingest sufficient taurine in order to meet its requirements. The excellent news is that taurine is found in virtually all meats, especially beef heart. If your cat is not eating much meat in its diet then it is advisable that you supplement with a commercial taurine supplement.

Vegetables and fruits are COMPLETELY UNNECESSARY for cats. Cats are 'obligate carnivores', meaning they MUST eat other animals to survive. They do not consume nor need plant matter. Everything they could possibly need is found in the flesh, bone, and organs of their prey. However, if you have a cat that will eat fruits or vegetables, you may use them. Most fruits and vegetables will not harm your cat but remember, that the majority of nutrients a cat needs will come from meat and organ meat alone, so use fruits, vegetables and other items very sparingly. Keep a dish of water handy for the cat and keep it clean. Change the water daily for the cat.

Know Good Health When You See It
A cat that is fed a well-balanced diet rich in beneficial nutrients shows many recognizable signs of good health.
Abundant energy
Brightness, a sparkle in his/her eyes and a sense that s/he is enjoying life
Healthy coat that is soft and shiny
Little or no shedding
Strong immune system, which keeps him/her healthy
Well-muscled body
Well-formed stool that is not voluminous and is easily produced, with no straining

Problems Associated with Low-Quality Diets
Common problems associated with low-quality diets include:
Dull, greasy coat, usually accompanied by dandruff
Low energy level
Susceptibility to generalized infections, such as ear infections that become chronic or skin infections caused by greasy, seborrheic skin
Thin, undernourished appearance
Voluminous stool

FOODS YOU MAY FEED YOUR CAT Beef
Beef heart
Brewer's yeast - an excellent source of essential fatty acids and B-Complex vitamins for a glossy coat and stable nervous system.
Chicken
Clams
Duck
Eggs
Fish
Game Hens
Goat
Kidney
Lamb
Liver
Pork
Quail
Rabbit
Tuna
Turkey
Various Organ Meats
Venison

FOODS TO AVOID FEEDING YOUR CAT
Chocolate
Any candy containing the sweetener Xylitol
Garlic (raw, cooked and powdered)
Fruits ( may use on occasion but not routinely)
Milk
Moldy foods
Nuts
Onions and onion powder
Vegetables (may use on occasion but not routinely)
Yeast

You now have all the information you need to begin to create wholesome, delicious and nutritious meals for your pets. Remember, just like you try new dishes for yourself and your family try new dishes for your pets. Theyll thank you for your efforts with renewed vitality, health, energy and happiness.

Hi, I'm Tina. I'm a pet lover since my childhood and have 2 cats and a dog.

Please visit this site to find page after page of "recipes" for your cat and dog! They'll love the variety of food and you'll love the savings!

http://www.naturealpet.com

Thanks for reading!

Tina Nydam
owner, Tiemka, Inc.
http://www.tiemka.com
http://www.naturealpet.com

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The Unintended Consequence of Your Living Trust

Many couples have executed an A-B credit shelter trust in order to preserve estate tax exemptions for both spouses. This can potentially benefit the heirs by saving nearly one million dollars in inheritance taxes. The consequence of the credit shelter trust, however, is that estate assets are necessarily sheltered from the surviving spouse. Because language in many trusts calls for the credit shelter trust to be funded with an amount equal to the federal exclusion amount in effect at the time of death, the sheltered amount can be quite large and leave the surviving spouse with too little in the way of assets. Fortunately, proper estate planning, including the use of a disclaimer A-B trust, can relieve this problem.

Use of a qualified disclaimer provision (I.R.C. 2046; I.R.C. 2518) is a method that has gained a great deal of favor due to its flexibility in many situations. The disclaimer allows provisions for federal estate tax planning to be included in trust drafting, while providing the surviving spouse the right to make a decision as to whether or not the transfer of the decedent spouses share (via disclaimer to the credit shelter trust or outright, as provided in the estate plan) will actually take place. With federal estate tax exemption amounts drastically changing, there is more potential that, as of the date of a spouse's death, it may not be necessary for the surviving spouse to relinquish control of assets in order to eliminate federal estate tax. Taking into account his or her own needs and the prevailing tax environment, the surviving spouse will be able to fund the credit-shelter trust with an amount that makes sense. In many ways, this is preferable to locking in a fixed amount far in advance. Decisions can be made as of the date of death (and must be made within nine months of date of death), when applicable tax law and asset values can be ascertained and the best choices can be made based on current facts and your goals.

On the other hand, many estates are currently large enough or have the potential to be large enough that federal estate tax certainly could be an issue. If the tax has been phased out, or if the exclusion amounts have increased enough so the value of the surviving spouse's estate (after inheriting from the decedent spouse) will not exceed the applicable exclusion amount, then there is no need to relinquish control. Of course, the spouses may have other reasons for restricting the surviving spouse's control of assets upon the death of the first spouse.

For these reasons, use of the disclaimer provides the best of both worlds.

Use of the disclaimer trust provides the greatest flexibility in overall planning, the greatest opportunity to apply current goals, tax law, and financial situation to make sound choices at the time decisions must be made, and retains the greatest degree of control for you. When reviewing your estate plan, changes in the law and your estate should be taken into account to avoid unintended consequences which may have been unforeseeable at the time the plan was initially executed.

Michael K. Elson is the principal of The Law Offices of Michael K. Elson, which provides estate and asset protection planning, including LLCs, corporations, family limited partnerships, and various trusts. He may be reached at (818) 763-8831 or (800) 781-7038 or by visiting http://www.LimitLiability.com

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