Showing posts with label estate planning. Show all posts
Showing posts with label estate planning. Show all posts

'It Works! Global' Proves to be Recession-Proof Business Venture for Michigan Mother

>> Wednesday, October 31, 2012

Although Michigan's job market is scarce, local business owner, Denise Walsh, is making magic happen all around her as an independent distributor for It Works! Global. When she's not playing with her 19-month-old son, Denise is working from home to show thousands of other struggling individuals how she built a six-figure monthly income in this egregious economy.

Denise originally began selling It Works! products six years ago as a way to supplement her less-than-impressive income as a clinical psychologist, but quickly realized what a unique opportunity It Works! Global had to offer her family. With looming budgetary cuts, and an ever-increasing workload, it wasn't long before Denise decided to quit her full-time job in order to go "all-in" with her It Works! business.

Founded in 2001, It Works! Global is a direct sales company that features a growing line of beauty and wellness products. Their signature product is the It Works! wrap, which is a home body wrap that tightens, tones and firms in as little 45 minutes. And according to the Inc. 500/5000 list, It Works! Global has grown 543% over the last three years, which Denise has experienced firsthand. "The momentum of this company is absolutely astounding—I never expected to have this much success this quickly," Denise says.

Once Denise began noticing how much the people around her were struggling, she knew she had to find a way to spread the word of this business to the masses. With the help of her husband Brandon who also works from home, Denise started blogging and expanding her presence on the Internet to share her story, connect with new teammates, and gather interested leads for wrap parties.

Using her blog and various social media outlets like Facebook, Google+, Youtube, Pinterest and Twitter as platforms to post personal experiences with the business, leadership tips, and instructional videos, Denise discovered a unique way to mentor and train her teammates who were hundreds of miles away while also capturing tons of new prospects from all over the country.

At 31 years old, Denise Walsh is a top money earner in the company with no plans of slowing down anytime soon.

"We were in the same boat as a lot of families before we began this business— we know how many people are in debt because of the economy and we want them to know that there is a way out," Denise explains.

To learn more about Denise and It Works Global, you can visit her blog, any of her social media profiles, or you can host your own wrap party.

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Probate- It's As Inevitable As Death And Taxes

>> Wednesday, November 2, 2011

Not many people are truly familiar with the legal process called Probate. For those that are, they recognize it is an unavoidable path everyone will eventually have to take. Probate is the legal process by which property in an estate is transferred to the heirs or intended beneficiaries of a deceased person. After a person dies, a petition is presented to the judge that lists the property of the decedent along with the intended recipients of the property. A certified copy of the decedent’s death certificate and original Will accompanies the petition. After all the necessary persons are notified and all taxes and existing debts paid off, the judge will sign an order distributing the property according to the decedent’s wishes.

Michael Wild, the managing partner of Wild, Felice, and Partners, PA., a firm specializing in Estate Planning, Asset Protection, and Probate states, “Probate is always necessary in Florida. Whether or not the decedent has a Will, the estate will still need to go through the probate court in order to be distributed. The difference just lies in the formalities later involved.” A Will triggers formal probate proceedings, which can minimize the adverse effects of creditor claims on estate beneficiaries.

Florida Law requires legal representation during probate proceedings when the estate is over $75,000.

Michael explains, “The probate process becomes even more complicated with a larger and more complex estate.” Michael adds, “One can generally expect the probate process to last at least 6 months. However, with these more complicated estates; it can take many years before probate is resolved.” This inevitable task can become less daunting by the assistance of a qualified and well-seasoned attorney.

By planning early and having a Will and Trust drafted, substantial time and money can be saved. Hiring an attorney as soon after the decedent’s death as possible also has its advantages. Michael illustrates, “Formal probate decreases the time frame in which creditors can come forward with claims against the decedent’s estate. They only have 90 days thus reducing the possibility of creditor collection. Otherwise, creditors may place claims against the estate for 2 years.” In addition, working with an estate-planning attorney will save considerable legal costs in the long run. A client can be sure the plan is properly written and executed and that their wishes will be completely fulfilled. Creating a Will, Trust or other documents without legal counsel can result in costly mistakes ranging from improper signatures and witnesses to the invalid structure of the Will, not to mention, bitter contention by claimants later.

It is best to consult with an attorney as soon as a loved one dies, if not much earlier than that when establishing an estate plan during life. Michael Wild and the lawyers at Wild Felice & Partners, PA offer free consultations for both estate planning and probate administration.

To find out more about Michael Wild and the law firm of Wild Felice & Partners PA, please visit: http://wfplaw.com, or call Michael Wild directly at: 954-944-2855.

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