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Smart Ways to Protect your Assets
April, 2011 - Issue #78
Get a Safe Deposit Box
Safe deposit boxes are a convenient, secure place to store important items that would be difficult to replace. Important papers like the originals of your insurance policies; birth, marriage and death certificates; deeds, titles, mortgages, leases and other contracts; stocks, bonds and certificates of deposit (CDs) and things like jewelry, medals, rare stamps and other collectibles - even negatives of photos and videos. A video or pictures of your home's contents for insurance purposes in case of theft or damage is another good addition. Not everything should go into a safe deposit box - like anything you might need in a hurry or when your bank might be closed (like the originals of a "power of attorney," your passports and medical-care directives). It is important to remember that you (and your co-renters) are the only ones able to access that box. Mission Valley Bank still has a few safe deposit boxes available (in all sizes) at each of their locations; they are available to Mission Valley Bank clients only.
Mission Valley Bank www.missionvalleybank.com

Stop Mortgage Foreclosure & Keep your House
One of the most frightening ordeals is the prospect of losing your home. The process can start quickly; you have some tough luck, miss a mortgage payment or two, and now the bank wants to take your house away and leave you on the street. What can you do? Yes, a bankruptcy can stop a foreclosure. In essence, you will be given a break to catch your breath. This will allow you time to start paying your arrearages (what you are behind). The bank will have to stop all attempts to take your home while you work out a plan with your lawyer. It's usually wise to attempt to negotiate with your lender first and get all loan modification attempts out of the way prior to filing bankruptcy. They are often willing to work something out. Sometimes, what they expect is just not realistic. This is where we can help, because as long as the plan is doable, they have no choice but to play along.
Hale Andrew Antico, Esq. of SCV Bankruptcy 252-9900


Rest Easy with the Right Auto Insurance
Make no mistake. Being in a serious auto accident can be financially devastating. However, with the purchase of the right auto insurance, you can protect your assets if you are the driver at fault or are the victim of an accident. Liability insurance protects you and your assets if you are at fault in an accident. You should carry the highest amount of liability coverage you can obtain. Wise consumers carry at least $100,000/$300,000 of liability insurance. If you own a home, your limits should be at least $250,000/$500,000. As a rule, the higher your limits, the less expensive the premiums become, so spend the extra money for larger insurance limits. If you are an injured victim of an accident, you must insure yourself against other people who either have no insurance or not enough insurance to cover your injuries. Buying large limits (100,000/300,000 minimum) of uninsured motorist benefits will pay for your medical bills, lost wages and for your pain and suffering. This coverage will also protect you if the at-fault driver did not have enough insurance to fully cover your expenses. Uninsured motorist premiums are very inexpensive, so buy as much as the insurance company offers.
Barry L. Edzant, Esq. of the Law Offices of Barry L. Edzant 222-9929


Consider Bankruptcy Protection for Financial Recovery
Facing debt problems can be a stressful situation, especially if you are worried about losing everything you've worked so hard for. If necessary, seeking bankruptcy protection can be an effective financial recovery strategy in protecting your assets while getting a fresh financial start. Federal bankruptcy laws may help you protect your home, car, bank accounts, business and other assets so that you lose nothing. Protect your financial future and seek guidance from a trusted professional. Free consultations are available to help you achieve peace of mind.
Ray Bulaon, Esq. of Ray Bulaon Law Offices, Inc. 866-477-7772


Keep as much Money as You Can
You need to take advantage of every opportunity to lower your tax liability. In order to do this you must begin year-round tax planning; no waiting until the last minute. And if you're having tax problems, don't wait; you can solve those problems with IRS-problem-resolution services. Full audit representation is available, as well as professional assistance with the financial pitfalls that often surround issues of real estate; marriage and divorce; individual and small business tax issues.
Michael L. Green, enrolled agent and financial planner of Michael L. Green Tax and Financial
257-4111
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