Health

The rapid spread of coronavirus disease (COVID-19) has had a huge impact, touching almost every area of life. While economic realities exist and are top of mind, the best place to start is with health.

Getting accurate data on the coronavirus and its resulting disease has been challenging, although information is getting better every day. In the meantime, there are some best practices you can implement to protect yourself and your family.

Best practices to stop the spread of coronavirus:

  • Wash your hands often with soap and water for at least 20 seconds, especially after blowing your nose, coughing, or sneezing; going to the bathroom; and before eating or preparing food.
  • Avoid touching your eyes, nose, and mouth with unwashed hands.
  • Avoid all non-essential trips outside your home.
  • Maintain at least 3 feet distance between yourself and others if you go outside
  • Stay informed on the latest developments about COVID-19. Follow advice given by your healthcare provider, your national and local public health authority or your employer on how to protect yourself and others from COVID-19.
  • Your doctor will determine if you have signs and symptoms of COVID-19 and whether you should be tested. In the early stages of infection, it is possible the virus will not be detected.

Finances

 The financial impact of COVID-19 remains to be seen, but there’s no doubt that investment activity in real estate and other sectors is expected to slow down. The decisions you make in the weeks and months to come—including how you protect your assets from a lawsuit or creditors—will have a huge impact on your and your family’s future. Get the financial, legal and tax advice you need by clicking on our informative articles below.

Self Employment Tax & The Independent Contractor
Self Employment Tax & The Independent Contractor

Paying taxes as an independent contractor can be a pain. The purpose of this article is to make it easier for self-employed individuals (such as real estate agents, brokers and investors) to understand, calculate and plan for paying Uncle Sam the self-employment tax...

‘Oh My God, I Have Something Worth Protecting!’
‘Oh My God, I Have Something Worth Protecting!’

When do I need my first LLC? When do I need a Series LLC? Do I need a Delaware Statutory Trust? When should I implement more advanced (and potentially more costly) options like domestic asset protection trusts or foreign trusts? It’s hard to make the best asset...

How Landlords Protect Themselves From Lawsuits
How Landlords Protect Themselves From Lawsuits

If you are a landlord, you have likely put in a lot of blood, sweat, and tears to get where you are. Still, you have to put in a little bit of extra work to avoid the risk of losing it all in a lawsuit.  Let’s look at how landlords protect themselves from...

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Investing

If the plummeting stock market has got you nervous about investing, know that our economy has been through much worse, and those who make wise investment decisions in the weeks and months to come will be the ones who benefit the most in the long term. Check out the articles below for our recession-proof investment strategies and, as always, reach out to us if you have any questions about how to take advantage of these strategies where you live.

4 Property Investing Tips to Remember
4 Property Investing Tips to Remember

When most people think of investing, stocks, bonds, and mutual funds often come to mind. For most Royal Legal clients (including members of our mastermind group), the investment avenue of choice is real estate. Investing in property such as rentals, commercial office...

Basics of Land Investing
Basics of Land Investing

Are you tired of all the inconveniences that come with real estate investing, like tenants and structural repairs? The landlord life is not for everyone, and it’s getting old for you, it might be time to try something new. Land investing provides a variety of...

How COVID-19 Affects Foreclosures

COVID-19 rightfully has a lot of homeowners (and real estate investors)nervous about the risk of foreclosure. Though a lender has to wait 180 days to initiate a foreclosure, both the private and business mortgage sectors are wondering what will happen to the economy...

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Protection

Protecting your assets is more important now than ever. There are legal structures that you can take advantage of regardless of what state you’re in to keep your real estate investments and other “nest eggs” far from the greedy hands of litigious attorneys.  

‘Oh My God, I Have Something Worth Protecting!’
‘Oh My God, I Have Something Worth Protecting!’

When do I need my first LLC? When do I need a Series LLC? Do I need a Delaware Statutory Trust? When should I implement more advanced (and potentially more costly) options like domestic asset protection trusts or foreign trusts? It’s hard to make the best asset...

How Landlords Protect Themselves From Lawsuits
How Landlords Protect Themselves From Lawsuits

If you are a landlord, you have likely put in a lot of blood, sweat, and tears to get where you are. Still, you have to put in a little bit of extra work to avoid the risk of losing it all in a lawsuit.  Let’s look at how landlords protect themselves from...

have questions? We Can Help!

Family

From estate planning to retirement savings, your family remains your most important asset. In spite of economic uncertainties and stock market volatility, there are steps you can take to make sure your loved ones have the security and safety they need. 

What Is The Difference Between A Will And A Trust?
What Is The Difference Between A Will And A Trust?

While you probably know that wills and trusts are both used in estate planning, many people don’t truly understand the difference between the two. So, what what IS the difference between a will and a trust, anyway? Both wills and trusts are used to pass your property...

A Guide to Estate Planning for Blended Families
A Guide to Estate Planning for Blended Families

Marriages don’t always work out. Whether it’s divorce or death, people deserve a second chance to find their soulmate. However, your second marriage can have important implications for the children you had during the first one. More specifically, you may need to use a...

Combat Fear With Financial Planning

Fear without direction is a scary thing. We’ve all had our lives upended in the past month, both personally and professionally, in the face of the global Coronavirus pandemic and it’s left many of us feeling a lot of fear about the future. What we’re missing is a...

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