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Asset Protection | Live More Carefree

Shreya Ley

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Should I Protect [This]?

Shreya has been writing blog posts for the Young Professionals of Seattle.  This one is about your intellectual property.  Chances are that you are creating a lot of things. Because it’s not just about your services or product, it’s also about the content that you create to promote your brand or business!

So, whether you’re a full-time entrepreneur or you have a secret side hustle, maybe you want to learn more about whether that business/product/service you’re building needs to be protected.

Here’s an introduction to that topic:

https://www.youngprofessionalsofseattle.com/should-i-protect-this/

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Estate Planning Definitions: Impact Investing

What is Impact Investing?

Impact investing appears to be all the rage with the tech crowd and has been growing in popularity for the last 2-3 years.  Whether or not it is the right strategy for you completely depends on what your goals are and what you have accumulated so far.

Just to be clear: Impact investing is not the same as “Charitable Giving,” which is when you endow or gift something to a charity, non-profit, or private foundation.

Impact Investing, according to Michael Drexler and Abigail Noble of the World Economic Forum, is “an investment approach intentionally seeking to create both financial return and positive social impact that is actively measured.”

[Read more…] about Estate Planning Definitions: Impact Investing

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Real Estate Investing and Asset Protection

Real Estate Investing and Asset Protection

This post is a bit of a departure from our usual posts.  Last Saturday, Colin and I went to the Seattle Investor’s Club meeting to talk their real estate investors how to use asset protection to protect themselves.

We got a lot of really great questions about asset protection.  The people at the Seattle Investor’s Club are a great, diverse group of folks.  There are newbies, veterans, service providers, and active investors.  There are people who focus on short sales, holding long term properties, or commercial real estate.

[Read more…] about Real Estate Investing and Asset Protection

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Estate Planning Attorney Definitions: Power of Attorney

Power of Attorney Definition

People often call us wanting a “simple will.” It’s on their “to-do” list.  They poked around on the internet, armed themselves with information, and then called us or some other estate planning attorney demanding their simple will.  That’s perfectly okay and they could be right.  Often, though, they are confused about what that simple will actually is, and how other documents, like a power of attorney can be of much greater value.

This may not be what every estate planning attorney considers a simple will, but, for us, it is actually a package of documents. The main documents that make up a simple will package is a Will, Financial Power of Attorney; a Healthcare Power of Attorney; HIPAA Releases; and the Living Will (also known as Healthcare Directives).  We include all of these documents to ensure your health AND your “stuff” are addressed in case of an emergency.  For this post, we will only be focusing on defining the Power of Attorney documents.

What is a Power of Attorney?

[Read more…] about Estate Planning Attorney Definitions: Power of Attorney

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Legacy Planning: Private Foundation vs. Public Charity

We hear the term “non-profit” bandied about a lot in the news and in the community.  I believe that most people have a very specific thing in mind when they hear non-profit, but it can actually be used to refer to a few different types of organizations.

Generally, when people say and hear non-profit, they mean a public charity.  They think of something like Charity: Water, or more local to Seattle, Compass Housing Alliance.

There are a few different types of tax-exempt statuses with the IRS. [Read more…] about Legacy Planning: Private Foundation vs. Public Charity