From Terry Monroe’s “Hidden Wealth” accomplished and savvy enough to sell our business without any help, the uncomfortable truth is that tons of successful business owners have lost out on millions of dollars in selling their business — all because they didn’t know exactly what they were doing. Sometimes, contemplating the financial implications of selling your business, and dealing with the strain and grief that comes with doing so, are worse than actually selling the business. So what then? Well, in Terry Monroe’s “Hidden Wealth,” you’ll also learn how to realistically assess your situation, deal wisely with the business that you’ve built over the years, and maximize the money that you’ll receive when you decide to sell. It has been said that we learn from our failures, not our successes, but the true sign of a successful individual is to be able to learn from someone else’s failures and not your own. “Hidden Wealth” seeks to do just that: give every business owner access to the lessons learned from the mistakes of other business owners, so they can avoid the setbacks and reap all the rewards. Find out how you can get a FREE copy today by emailing Terry@terrymonroe.com. Get the Wisdom of Other Business Owners’ Mistakes
Are you planning on selling your business in the next 1–2 years? If so, you need to start planning now. But where do you even start? Selling a business is a massive undertaking. With so many things to consider, some confusion is understandable, but if you don’t get the right kind of help, you could end up selling your business for far less than top dollar and leave tens of thousands of dollars on the negotiating table. These are the kinds of cautionary tales that market maker and four- time author Terry Monroe shares in “Hidden Wealth: The Secret to Getting Top Dollar for Your Business.” While we’d like to hope that we’re
3 Documents for Your Child to Sign if They’re in College
As much as your child might depend on you when they’re in college, it’s important to remember that legally, they are adults. That can suddenly and unpleasantly become apparent when your child has a medical emergency while they’re in school, and you can’t legally access any of their medical information. However, if you and your child want to make sure that you can still help them in those situations, make sure you have these three documents filled out before your child goes off to college. HIPAA Authorization Form Due to the Health Insurance Portability and Accountability Act, you aren’t legally authorized to see any of your child’s medical information after they turn 18. Even if they get in a serious car accident or are hospitalized with a deadly disease, you won’t be able to know what’s going on. To get around that, you and your child need to sign a HIPAA Authorization Form, which will name you as an authorized party and let you help your child however possible. Healthcare Power of Attorney Say your child gets in an accident and ends up in a coma. If you want to be able to make medical decisions on their behalf, then they’ll need to make you their “medical agent” by signing a Healthcare Power of Attorney. Then, you’ll be able to review their medical records and make decisions for their health, rather than leaving it in the hands of health care providers who don’t know your child at all.
General Durable Power of Attorney This document is also crucial to have on hand if your child ever becomes incapacitated. A General Durable Power of Attorney authorizes you to make financial decisions on behalf of your child when they cannot otherwise do so. That includes managing bank accounts, paying bills, signing or terminating a lease, as well as various other financial matters. Without a General Durable Power of Attorney, you would have to manage their financial affairs through a court-appointed conservatorship, which is tedious and expensive. To learn more about these three legal documents or receive our Free Report “5 Steps to Take Today to Protect your Children’s Future” Contact Andy or Phil Kaiser at www.KaiserLawFirm.com.
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