Bobby’s Blog

The Benefits of a Docubank Card

Modern medicine requires the use of medical directives, but having instant and easy access to them is equally important. As clients of the InSight Law Maintenance Plan, Docubank provides a wonderful service to you at no additional charge. Docubank provides immediate access to your healthcare directives and emergency medical information anywhere at anytime. This can be useful in an emergency situation, or even if you are going in for a scheduled procedure. You should have received a Docubank card shortly after we delivered your estate planning documents to you. We suggest you place this card next to your insurance card...

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Baby on Board – Birth of New Child Spurs Estate Planning Attorney to Get His Estate in Order

My wife and I celebrated the birth of our first child in March 2016 and I thought it would be a good idea to discuss how I, an estate planning attorney, would start getting my estate in order.  I can tell you that having your first child is definitely a strong motivating factor to get your affairs in order. Many people in this situation are spurred by a fundamental question - who will take care of my child and my financial assets if something happens to me and/or my wife? However, that is not where I am starting. Rather, I want...

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Neglected Estate Planning By Prince Will Cost Loved Ones

World famous music star Prince reportedly died without leaving a will, trust, or any other estate planning documents for his friends and family. The consequence? His loved ones and business contacts will likely be fighting in court for years to settle an estate estimated to be worth between $150 million to $300 million, according to the Chicago Tribune. To complicate matters even further, Prince was not married and had no children. This means there is not a clear beneficiary who will inherit the bulk of his estate. Instead, Prince left behind six siblings. Here is an ABC News report on the estate...

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Essential Small Business Advice – Follow Formalities

Many small business owners think that if they set up an LLC or corporation, they are fully protected from individual liability. Not true. While setting up the company structure is a critical first step, it is imperative that you  perform certain formalities throughout the year to maintain your liability protections. Annual Meetings Corporations are required to hold an annual meeting every year and maintain a record book of the meeting minutes. While LLC’s are often not required to hold an Annual Meeting, we recommend that the members and managers of the LLC still hold a formal meeting on a yearly basis....

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