If you have ownership in a successful business, you and your estate planner need to develop a business survival plan. Even if you are gone, your business can survive and continue to generate income for your family. Or your ownership in the businesses can be turned into liquid cash and given as a payout to your family. You business will need, at the least, a person to manage the business until a new leader is selected or the business shuts its doors. Either way, your spouse is probably not the best person to lead your business into its next (or last) phase.
Businesses frequently buy life insurance policies on its key figures. And your estate planner can work with you and a life insurance agent to help you determine which kind of life policy is best for you and your business.
For example, if you have a business partner, you might want a life insurance policy that will allow your partner to buy your half of the business. Without a large cash sum to do so, your business partner will suddenly be in business with one or more of your beneficiaries — like your children or your spouse. In addition to a buyout policy, you might consider having a key person policy. With a key person policy, the business receives a cash sum to pay for the search for a new leader.Read More
Drivers and bike riders are not allowed to operate their vehicles while wearing a headset or earbuds in both ears. 2016 brought about a slight change in the law, but a similar law been in place for several years.
Covering one ear is still OK. Why? Because there is almost no research that suggests using one ear for a phone conversation is an accident risk. As long as the driver is using a headset and remains able to drive with both hands, then using one ear for a phone conversation (or music) is still legal.
If you were in an accident with someone who appeared to be wearing a headset, you need to contact a lawyer immediately. Establishing blame is critical in determining who is financially responsible for any medical costs, property damage, and lost wages. Witnesses become a critical part of any case involving drivers or bike riders wearing ear buds in both ears.
The lawyer will help you contact the witnesses who can support your claims. Although you can try to contract the witnesses yourself, a layer is better equipped to collect all the evidence to support you claim. If you are being blamed for the accident and being accused of wearing ear buds, you should also have a lawyer to ensure that any evidence against you was properly attained.Read More