Tag Archive for: Camas

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Strategies to Bounce Back After Business Failure

Starting a business is tough; sometimes, despite all your best efforts, things don’t go as planned. When your business fails, it can feel like the end of the road. But here’s the good news: failure isn’t the end. It’s an opportunity to learn, grow, and come back stronger. Many successful entrepreneurs now at the top of their game have failed before finding their winning formula. If your last business didn’t work out, don’t lose hope. Here are five essential strategies to bounce back and set yourself up for success.

Strategy 1: Reflect and Learn From Your Mistakes

Understanding what went wrong is the first step to getting back on your feet. It’s easy to get caught up in the blame game, but this is the time to take a hard, honest look at your business. What mistakes did you make? Were there signs you ignored? Maybe the market wasn’t right, the timing wasn’t right, or perhaps you overspent on things that didn’t matter. Whatever the case, reflecting on what happened can help you avoid making the same mistakes in the future, empowering you to take control of your next venture.

What we see most often is that business owners fail because they need to understand the best ways to manage their time, energy, attention, and money. You can always make more money with the right offer to the right people at the right time. So inventory your failure now: did you have the right offer? Were you making it to the right people? And, if not, how can you solve that before your next business venture?

Strategy 2: Rebuild Your Confidence and Mindset

After a failure, your confidence might take a hit. You might start doubting your abilities, wondering if you’re cut out for business. Feeling this way is normal, but you can’t let it hold you back. Rebuilding your confidence is crucial for your next steps. 

Confidence comes from systems and structure. Do you need to learn to use your calendar to focus on what’s most important? Do you need to learn sales, cash flow management, or marketing? Dial in the clarity around the foundations of great business and commit to understanding what you can do differently next time to generate what you need, when you need it, in alignment with your values.

Your mindset is critical. Instead of seeing failure as an end, view it as a stepping stone. It’s also not a reflection of who you are. Failure is just a thing; it’s neutral. It doesn’t say anything about you or necessarily means you don’t have the temperament or skills required to succeed. So stay optimistic and believe that success is possible with the right approach. Reading books or listening to podcasts by successful entrepreneurs who’ve bounced back from failure can be an excellent focus, filling you with hope and optimism for your next venture.

Strategy 3: Plan Your Next Move Carefully

With lessons learned and confidence restored, planning your next move is time. This isn’t about jumping into another business immediately. It’s about taking the time to think things through and set yourself up for success.

If you don’t know what business you want to create next, research different business ideas. What’s in demand? What are people willing to pay for? Consider your passions and strengths—what do you enjoy doing, and how can that be turned into a business? Look for gaps in the market where you can offer something unique.

Once you have a solid idea, create a detailed business plan. This should include your target market, pricing strategy, marketing plan, and financial projections. A well-thought-out plan can help you avoid the pitfalls of your last venture and give you a clear roadmap. If you need help with this, read to the end of this article, and I’ll show you how to book a call with me for support.

Strategy 4: Secure the Right Support and Resources

No one succeeds in business alone. One of the biggest lessons from a failed venture is realizing the importance of support and resources. This time, ensure you have the right people and tools in place.

Start by building a solid network of advisors, mentors, and fellow entrepreneurs. These connections can provide guidance, open doors to new opportunities, and offer emotional support when things get tough. Don’t be afraid to ask for help—successful people always do it. 

I can be a trusted advisor through all stages of your business. When you work with me, I will support you, whether with your legal, insurance, financial, or tax-related systems. I’m also here for counseling and advice. And if I don’t know the answer to your question, I will guide you to the right people who can.

Speaking of financial systems, evaluating which financial resources you need is essential. Do you need to secure outside funding? If so, explore different options, such as loans, grants, or investors. Be realistic about how much money you need and have a clear plan for using it. Remember, having the proper support and resources can make all the difference in whether your next business thrives or struggles.

Strategy 5: Stay Resilient and Keep Moving Forward

Success doesn’t happen overnight, and challenges will come along the way. This is entirely normal. The key is staying resilient and moving forward, even when things get tough.

Setbacks are expected for business, but how you respond to them will determine your success. If something isn’t working, don’t be afraid to pivot or try a new approach. Stay flexible and open-minded, and always be willing to learn and adapt.

It’s also important to celebrate small wins along the way. Acknowledge your progress, no matter how small, and use it as motivation to keep going. Remember why you started first and keep your eyes on the prize.

Finally, take care of yourself. Running a business can be stressful, and it’s easy to burn out if you’re not careful. Ensure you take time to rest, recharge, and maintain a healthy work-life balance. Burning the candle at both ends is a 

Bouncing back after a business failure isn’t easy, but it’s possible. By reflecting on your mistakes, rebuilding your confidence, planning carefully, securing the right support with my help, and staying resilient, you can set yourself up for success. Failure isn’t the end—it’s just the beginning of a new chapter. With the right mindset and approach, your next business venture could be the one that takes off. Keep moving forward, and don’t give up on your dreams.

Your Trusted Advisor For All Business Ups and Downs

I understand the damaging impact setbacks can have on you and your business. That’s why I offer a comprehensive Business Breakthrough Session, during which we’ll analyze your business foundations and ensure they have the right foundations to succeed. 

Remember, bouncing back from failure is not just about avoiding past mistakes; it’s about building a more substantial, more resilient business that can thrive in the face of challenges. Working together can turn your setbacks into valuable lessons and create a roadmap for long-term success.

Book a call to learn more. Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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Camas City Council Member Svilarich Arrested, Faces Felony, Misdemeanor Charges

Camas, WA — Camas Police records reveal the details that led to the September 13th arrest of Camas City Council member, John Svilarich. The City of Camas is directing questions on the incident to the police report and county prosector’s office.

Svilarich, 66, according to the police records, was charged with two crimes (reckless endangerment and aiming/discharging a firearm) following a verbal altercation with a fisherman and a pedestrian that occurred on August 31 along the Washougal River Greenway trail in Camas.

The Camas Police Department said the charges against Svilarich stem from a disturbance that “began as a verbal argument between a fisherman along the river, and a pedestrian who was walking along the greenway trail and over the pedestrian footbridge.”

In a document filed by Camas Police detective Gary Manning, Camas Police were dispatched to the scene at the trail just before 8 am on Saturday, August 31 following a 911 call. Daniel Beaudoin, 46, of Portland, reported that a man — allegedly Svilarich — threw a rock at him from a pedestrian bridge and “pointed a firearm at him soon after.”

Police say Beaudoin was fishing when Svilarich, who was walking the trail with John Neumann, allegedly confronted Beaudoin because he threw a cigarette butt on the ground.

“They both yelled and cussed at each other,” police said, adding that Svilarich and Neumann “continued on the trail, north of the bridge” following the verbal altercation . The police report said that when Svilarich and Neumann returned heading south over the pedestrian bridge, Beaudoin told police that Svilarich threw a rock in his direction.

“During this pass (over the bridge), Svilarich was observed, by another witness, looking over the bridge railing two times,” the police report said. “A rock, approximately 5 to 8 inches was thrown or dropped by Svilarich off the bridge, which is at a height of approximately 50 feet above the river” and landed “in close proximity to Beaudoin.”

Beaudoin walked to the trail and “verbally confronted Svilarich for throwing the rock.”

And the arguing continued with both men standing at least 40 feet from one another. The police report said Svilarich allegedly “pulled out a black firearm pistol and pointed it in the direction of Beaudoin.”

The fisherman told police he ran back to the river’s edge and that “Svilarich moved down the main trail path in the direction towards where Beaudoin had been standing, shifting the firearm between having the firearm pointed at Beaudoin and pointing at the ground.”

Camas Police confirmed that Svilarich was carrying a black Walther 9mm semi-automatic handgun “concealed in his back right waistband of his pants.” 

Svilarich does have a concealed-carry license.

In the report, Camas police said “originally [Svilarich] denied having a firearm, then stated he had one but did not display it.”  Svilarich later told police he had pulled his firearm but had not pointed it at Beaudoin but, instead, “had it at ‘low ready’ to protect himself.”

Svilarich also admitted to throwing the rock off the pedestrian bridge “but stated he did not know Beaudoin was in the vicinity of where it landed.”

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The Role of Education in the Future of Agriculture

Today, when facing challenges associated with food insecurity, climate change, and sustainable development, education will play a major role in the future of agriculture. From implementing new technologies to promoting sustainable practices, education is the backbone behind people making advancements to ensure we have food, our environment stays healthy, and the economy continues to grow. Education will be the key as we unfold the future of agriculture.

Agriculture And Our Future

By 2050, there will be 9 billion mouths to feed worldwide. However, due to urban expansion and problems caused by climate change, agricultural land is suffering reductions. That is why sustainable agriculture is vital to our future.

Benefits of Sustainable Agriculture

Sustainable agriculture is a continuous learning process. Farmers and others need to change their methods to reduce their role in harming the environment. At the same time, they need to ramp up food production. This is where sustainable agriculture enters the picture.

There are many benefits to sustainable agriculture. One benefit is the reduction of fuel consumption by planting more perennials. Using crops that come up each year reduces the amount of machinery used. No-tilling farming is a technique that enables the needed carbon in the soil instead of releasing it into the environment. Reducing the number of chemicals and fertilizers to kill pests and weeds through crop rotation is also a benefit. The best part about these practices is they are inexpensive to implement. Farmers in the United States and developing nations worldwide can do it.

Education And The Future Of Agriculture

Agriculture has a long history in the United States, filled with ups and downs. In the 1800s, agricultural education was part of most people’s daily lives. Children raised on farms. The school calendar revolved around the farming schedule. Children did not attend school in the fall and spring because they worked on their families’ farms.

Throughout the early years, the emphasis on agricultural education began to decline. By the 1920s, it was no longer part of the educational curriculum. It did not return to the classroom until 40 years later. Schools began receiving new materials. The United States Department of Agriculture started to help schools create programs relevant to their communities in the early 1980s.

Why Is It Important?

If we do not take the time to teach today’s children about agriculture, what happens to future generations? Teaching children where their food comes from leads to self-awareness.

My teaching children how to grow a vegetable garden or raise chickens for eggs gives them a sense of power. They may not stop the problem of food insecurity, but they can do something to ensure that their families have food.

How do future farmers learn about agriculture jobs if they do not know they exist? Securing the next generation of agriculturalists is necessary. If there are not enough farmers and others within the industry, the price of food will soar. Education is needed to continue to keep food costs reasonable.

Our economy depends on agriculture. The agriculture industry plays a role in sustaining our economy. The more people understand how the industry works and how to maintain it, the more it will continue to benefit our economy.

Learning About Sustainability Is Not Just For Kids

Educating children on agriculture and sustainability is vital to our planet’s future. However, adults can certainly do their share, too. Major changes do not have to happen all at once. Start with some simple changes. For example, stop using single-use plastics. Instead, purchase reusable water bottles, coffee cups, bags, and reused plates and utensils. One reusable water stops approximately 1500 plastic bottles from being tossed away.

Recycling is a fun way to get the whole family involved. Check locally for recycling centers. Consider upcycling; it can lead to a lot of fun. For example, an empty paper towel tube can be the start of a caterpillar art project.

Conserve Water And Energy

Simple things like washing full loads of laundry, turning lights off, unplugging stuff, and adjusting the thermostat can help to conserve energy. It can save you money, too. To conserve water, take shorter showers and turn off the water when shaving and brushing your teeth.

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LDS Church Releases Vancouver WA Temple Exterior Rendering

Salt Lake City, UT — The Church of Jesus Christ of Latter-day Saints released a rendering of the Vancouver Washington Temple Tuesday.

The architectural rendering release comes less than a year after the church announced a temple would be built in the area, and just six months after the site location was announced. The temple is designed to serve the needs of church members in the Vancouver area in and around Southwest Washington.

Projected as a multistory temple of approximately 43,000 square feet, the Vancouver temple will sit on a 15.11-acre site at the northwest corner of the intersection of SE 20th Street and SE Bybee Road in Camas, Washington, just east of Vancouver.

More information on the new temple — including a date for its groundbreaking — will be released at a later date.

Washington is home to more than 281,000 Latter-day Saints in nearly 490 congregations and four operating temples — the Seattle Washington Temple (dedicated in 1980), the Spokane Washington Temple (1999), the Columbia River Washington Temple (2001) in Richland in the south-central Tri-Cities area, and the recently dedicated Moses Lake Washington Temple (2023). A temple for Tacoma was announced at the faith’s October 2022 General Conference.

Vancouver Temple

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Celebrity Estate Plans Series, Part 4 of 4: Elvis and the Scammers

For the last few weeks, we’ve discussed celebrities and how they planned for their deaths. We started with the King of Pop, Michael Jackson, so ending our 4-part series with the King of Rock, Elvis Presley, seems fitting. 

Why discuss a man who’s been deceased since 1977? A recent case involving Graceland serves as a stark reminder of the audacity of scammers. This case is a wake-up call for property owners and potential heirs. Let’s delve into this unusual tale to understand how you can assert control over your assets and protect them from unscrupulous actors.

How It Went Down

You might think that a well-known property like Graceland would be untouchable, but that didn’t stop a mysterious company from trying to steal it. A group calling itself Naussany Investments and Private Lending claimed that Graceland’s owners owed them millions from an old loan. They even set a date to auction the property to the highest bidder. But there was just one problem – the whole thing was a scam.

Riley Keough, Elvis’s granddaughter and the current owner of Graceland, quickly fought back. She filed a lawsuit, saying her mother, Lisa Marie Presley, never borrowed money from this company or put Graceland up as collateral. The courts agreed, stopping the sale just in time. Keough’s swift action got the attention of the Tennessee Attorney General’s office, which then turned over the case to the FBI, and a federal investigation is pending.

Unfortunately, there’s been a rise in these types of scams, and they aren’t just targeted at the rich and famous. Scammers can take advantage of those who have never had a top-10 hit. A Wall Street Journal article published on June 3, 2024, breaks down a typical scenario, which is on point:

“Here’s how it works: A fraudster targets your house and assumes your identity, using tactics similar to identity thieves to acquire your personal information and create fake IDs. He or she then tries to sell it to an unsuspecting buyer by executing a forged deed in your name. An alternative scam is to submit a mortgage application in your name to get cash out of the house.”

Often, people don’t find out this has happened until the sale is complete, and by then, it may be too late to get the property back—or at least it would be very time-consuming and costly. Some people cannot fight back because they don’t have the financial resources to do so, and the results can be utterly heartbreaking.

If it can happen to Graceland, it can happen to anyone. So, how can you identify these scams before they escalate? The key is knowledge. Equip yourself with the right information to spot these scams before they become a threat.

Red Flags You Can’t Ignore

When you’re dealing with property, loans, and estate planning, keep your eyes peeled for these warning signs:

Paperwork problems: The documents in the Graceland case had many issues. The dates didn’t match up, the signatures looked fishy, and the notary said she never met Lisa Marie Presley. Always read the fine print and question anything that looks off. You should also consult with a lawyer immediately if you suspect something fishy. A lawyer can confirm your suspicions and help you take action right away. 

Ghost companies: According to the news articles, Naussany Investments was hard to pin down. They had no actual address, just P.O. boxes, and weren’t registered as a business anywhere. Do your homework before you deal with any company, especially for something as important as a loan. Look them up online, check with the Better Business Bureau, and be bold and ask probing questions.

Timing: The scammers waited until after Lisa Marie Presley passed away to make their move. Be extra cautious about any claims against a deceased person’s estate – fraudsters often target families when they’re most vulnerable. 

Steps You Can Take to Protect Yourself

Understand that you can take proactive steps to safeguard yourself and your loved ones before any warning signs appear. Here are some practical measures to ensure the protection of your property.

Keep good records: Make sure all your important documents are organized and easy to find. This includes property deeds, mortgage papers, and any loans you’ve taken out. If someone makes a false claim, you’ll have the proof to fight back as quickly as Riley did. Regular review and updates of these documents are crucial.

Be skeptical: It is if something sounds too good to be true. Be wary of unsolicited offers or demands, especially if they come with pressure to act quickly. 

Stay in the loop: If you’re inheriting or managing property for someone else, know what’s happening. Are the taxes paid? Is there a mortgage? The more you know, the harder it is for scammers to pull a fast one. Riley Keough was able to take action quickly enough to stop the sale because she was paying attention. 

You also want to make sure someone else is paying attention to your affairs in case you become incapacitated. In last week’s article, we discussed what can happen if you become incapacitated and you haven’t planned for it. If you missed it, here’s a sneak peek: it took months for Jay Leno to be able to manage his wife’s financial affairs once she was unable to herself. And as we’ve seen with the Graceland case, months could mean the difference between keeping your property and losing it. If you haven’t planned for your incapacity, book a call with me using the scheduling link below, and let’s talk about how we can get that taken care of for you.

This brings us to the most important thing you can do to protect yourself. Incapacity planning isn’t enough. You need a solid and thorough Life & Legacy Plan.

A Solid Estate Plan is the Key

A solid estate plan creates a legal framework that’s much harder for fraudsters to penetrate. The type of planning I do, called Life & Legacy PlanningⓇ, is solid and thorough. It covers all possible scenarios so you and your family are prepared for anything that can happen after your death or during your incapacity. It includes an inventory of all your properties and other assets, so you know exactly what you have, and your loved ones will also know if they need to step in and help. A Life & Legacy Plan also includes regular reviews and updates so your plan stays current with changing laws and circumstances, closing potential loopholes that scammers might exploit. 

Finally, we can help you ensure your loved ones are aware of these risks and familiar with your estate plan. As we’ve learned from Elvis’s estate, the more eyes watching out for fraud, the better.

How We Help You Not Fall Victim to a Scam

Scams are rising, and the best time to protect yourself is now. We help you create a Life & Legacy Plan so that your loved ones stay out of court and conflict and have a plan that works when you (and they) need it to. Once you’ve created your plan, you can rest easy knowing your wishes will be honored, your loved ones cared for, and your property protected. 

Schedule a complimentary 15-minute consultation to learn more.

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

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Dave Garbot Unveils Newest Works at RedDoor Gallery in Camas

Camas, WA — The public is invited to see the latest works of original pen and ink and oils on canvas, glass, Yupo paper, copper, wood and clay at RedDoor Gallery (RDG) at a special First Friday Art Walk reception on Friday, September 6th from 5-8 pm featuring complimentary refreshments and delicious charcuterie.

The art gallery, located in the historic building at 411 NE Dallas Street in downtown Camas, features new work each month by artists Sarah Bang, Shirley Bishop, Matthew Clarkson, Heidi Curley, Cheryl Folkers, Dave Garbot, David Gerton, Cheryl Mathieson, Liz Pike and Tamra Sheline. The gallery is open Wednesday through Saturday from 12 pm to 7pm and by special appointment.

A signature piece in September titled “One Afternoon” is an original pen and ink on canvas created by Dave Garbot. The large 48” x 36” original will be on display along with several of his other works of art. Garbot is an accomplished illustrator of children’s books. He works predominantly in pen and ink on both paper and canvas.

“I wanted to convey the sense of fun and adventure that these characters were setting off into,” he said. “The drama of the boat bouncing up in the waves, makes me smile and I hope it will do the same for my audience.” 

Garbot says he wants to develop the story much further, and with more drawings. 

“I have to find out where they’re going, and I’m anxious to see where my mind and pen will take them,” Garbot said. This is all part of his simple life, and he is happy to share it with the public.

Experience the joy and transformative power of art inside the RedDoor! The gallery’s mission is to provide a vibrant art space open to the public and foster a creative art-making community. In addition to a gallery of fine art, quality art instructional classes are offered in RDG’s professionally equipped studio. RDG also includes a small artist community within the building for individual painters who desire a private art studio on a lease basis.

In addition to hosting an upscale First Friday Art Walk reception from 5 pm to 8 pm on the first Friday of each month, RDG also hosts a variety of special events throughout the year. Visit RDG on the web at RedDoorGalleryCamas.com. For more information, call 360-281-8720 or e-mail RedDoorGalleryCamas@gmail.com

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Annual Lacamas Lake Drawdown Scheduled to Begin September 16

Camas, WA — Officials with the City of Camas Public Works department have announced that the annual drawdown of Lacamas Lake and Round Lake is scheduled to begin Sept. 16.

Beginning at 8 am, Monday, Sept. 16, 2024, the City will reduce the total level of the lakes by approximately six-feet, in order to achieve the level needed to facilitate dam inspections and repairs.  

The drawdown should take a few days, with the minimum level being reached by the approximate date of Friday, Sept. 27, 2024. 

Once inspections and repairs have taken place, the process to refill the lakes to normal levels is tentatively scheduled to begin Oct. 28.  Officials expect this process to take several weeks, depending on rainfall volumes.

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Camas-Washougal Fire Dept. to Host Open House, Safety Fair Sept. 28

Camas, WA — The Camas-Washougal Fire Department is hosting their Open House, Health and Safety Fair Saturday, Sept. 28, from 10 am to 2 pm, at Station 42, 4321 NW Parker Street, Camas WA. 

The day’s events will include live kitchen fire demonstrations at 10:30 am and 12:15 pm, a kids interactive vehicle fire suppression demonstration at 11:15 am, a house fire simulation with sprinkler demonstration at 11:45 am, a vehicle extrication demonstration at 12:45 pm, and Clark County Sherriff’s K9 unit exhibition at 1:15. 

Local agencies and businesses will have exhibits focused on health, safety and emergency preparedness, including NW Natural who joins the event as part of their “Get Ready” emergency preparedness campaign.

Exhibits will include fire extinguisher demonstrations, emergency preparedness tips for families, and information on community support after crisis just to name a few. 

This free community event is family friendly with something for all ages.  There will be a balloon twister and face painting for the kids, and ice cream, hot dogs and treats will be provided!  

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Celebrity Estate Plans Series, Part 2 of 4: Vanilla Ice Has Thoughts

This week, we’re continuing to look at the lives of four celebrities and how they’re preparing for the inevitable (or didn’t!). Last week, we examined Michael Jackson’s planning and the holes in his plan that resulted in his family being embroiled in court and conflict for 15 years and counting (if you missed it, go back and check it out!) in this second article of our 4-part celebrity series, Vanilla Ice chimes in with his estate planning experience, advice, and lessons learned on a video he posted to his YouTube channel. He has a lot to say! 

Vanilla Ice (Really) Hates Estate Taxes

Vanilla Ice shares the story of his buddy Mark, whose parents owned a sprawling property in Palm Beach, Florida. When they passed, Mark and his siblings sold the estate, expecting to be set for life. However, estate taxes ended up taking over 80 percent of their profit. Ouch.

Vanilla Ice calls this tax a “generational wealth killer,” he’s not wrong. Estate taxes can sneak up and bite a massive chunk of your wealth. And the thing is, with a proper estate plan, this doesn’t have to happen! The key is to educate yourself. Knowing what you’re up against helps you plan smarter so that more of your hard-earned assets reach your heirs. 

Education is the most important part of estate planning. That’s why my planning process begins with a Life & Legacy Planning Session, where you’ll get the plain and straightforward education you need to make wise decisions about your planning, including how to keep your family out of court and out of conflict, minimize taxes, and ultimately create a plan that works for you and the people you love, when they need it. 

So, first lesson: if you suspect your family could pay estate taxes at your death, don’t wait to plan. There’s way too much at stake. Call us, and let’s get you to know about the kind of planning you want and need for yourself and the people you love. 

Vanilla Ice Thinks Life Insurance is Cool

(“Ice” and “cool” – get it? Sorry, I couldn’t resist.) 

Life insurance isn’t just for covering funeral costs – it’s a secret weapon in estate planning. Vanilla Ice suggests “maxing out your life insurance” to give your kids as much money as possible. What makes life insurance “cool” is that death benefits aren’t subject to income tax, meaning your heirs can get more bang for your buck than if you were investing the money you’d put into life insurance premiums into just about any other asset class. 

It’s worth considering what Vanilla Ice suggests here. When you take out a life insurance policy, the payout can cover any necessary taxes, probate fees, and debts, ensuring your heirs receive the lion’s share of your assets. Life insurance can help with short-term needs, like paying off a mortgage, or it can serve your family’s long-term needs, like maintaining the lifestyle to which they’re accustomed.

When you get educated via our Life & Legacy Planning process, we’ll look at your life insurance, whether you have the right amount and the right type, and ensure you are 100% clear on what it might mean to “max out your life insurance” and if you really should do that. We’ll consider whether you need more insurance, less insurance, or a different kind of insurance based on your family dynamics, assets, and what you want for the people you love after you leave.

Second lesson: If you want to be cool, plan to buy the right type and kind of life insurance.

Ice Says Trusts Are Not Just for the Rich and Famous (and He’s Right!)

Trusts might sound like something only the super-wealthy need, but they’re an intelligent tool for anyone looking to protect their assets. 

Ice mentions irrevocable trusts specifically. These types of trusts let you transfer assets to a beneficiary while removing the assets from your taxable estate, ensuring your assets aren’t subject to estate taxes. Any assets in an irrevocable trust are protected from legal judgments and creditors IF you do it correctly and in the right jurisdiction. If it’s something you are interested in, contact us, and we can talk. In the video, Ice jokes about putting his classic car collection into a trust and setting rules, such as his kids can lease but not sell the cars. This protection ensures your heirs benefit from it, but don’t squander the assets. In other words, even after death, you can determine how your assets will be used. And if you want to protect them for future generations, you can. This is one way to create generational wealth. 

So now we’re up to our third and final lesson: If you want to protect and preserve your assets for generations, take Vanilla Ice’s advice and utilize trusts in your planning. 

Put Vanilla Ice’s Advice Into Action Today

Vanilla Ice’s video brings forward lessons everyone can benefit from. By understanding your options, including how taxes and life insurance impact your family and assets specifically, and considering using well-counseled trusts, you can safeguard your assets and ensure they benefit your loved ones the way you want. To quote his classic hit, “Ice Ice Baby,” ‘Anything less than the best is a felony.’ Take these lessons from Vanilla Ice to heart, and start building a solid estate plan today. Your future generations will thank you for it. 

We help you create a Life & Legacy Plan rooted in education and clarity so your loved ones stay out of court and conflict and your assets are protected. Once we’ve created your plan, you can rest easy knowing you’ve done the right things for the people you love most.

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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Camas, Skyview Football Players Highlighted in Sports Illustrated Article

Sports Illustrated writer Todd Miles highlighted three Camas High School football players — Jake Davidson, Beau Harlan, and Luke Webb — and one Skyview athlete — Gavin Parker — in an article posted on the SI website this week.

The article, headlined “Washington high school football predictions: Who will lead 4A GSHL in passing, rushing, receiving, sacks?” says that “Camas should be one of the most productive Class 4A programs in the state on both sides of the ball.”

Noting that training camp opens August 21, Miles said Davidson is the “League’s returning all-league first teamer expected to take a huge jump in numbers as senior, and has deep crew to involve.”

Davidson’s projected 2024 statistics: 2,800 yards, 36 touchdowns.

He said Harlan is a “Leader of what should be productive pack of ball carriers could see carries limited, but big plays skyrocket.”

Projected 2024 statistics: 1,200 yards, 13 touchdowns.

Webb, he said is a “combination on non-stop motor and Adonis-like strength will make him virtually impossible to block off edge.

Projected 2024 statistics: 24 sacks.

And regarding Packer: “Two-time all-state performer’s skill and production not in question, but he needs new QB James Poindexter to be on point.”

Projected 2024 statistics: 1,300 yards, 14 touchdowns.

To read the SI article, click here: https://www.si.com/high-school/washington/washington-high-school-football-predictions-who-will-lead-4a-spsl-in-passing-rushing-receiving-sacks-01j4hwpda1cf

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