Category Archives: Finance

FAQs About Bail Bonds Services

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Bail Bonds Services

When a suspect is arrested for a criminal offense, he is held in custody until his arraignment or initial bail hearing. At this hearing, which usually takes place within a few days of arrest, a judge presents the charges to the accused and sets the bail amount. 

How Does Bail Work?

Bail is an amount of money that is paid to the court as a way to guarantee that a defendant will show up for his or her court date. When bail is paid, the defendant is released from custody until trial. Because bail amounts can be set prohibitively high, most defendants rely on Washington County bail bonds services.

What is a Bail Bond?

A bail bond is a type of insurance, called a surety bond. It is a legal agreement that is entered into between a bail agent and the court, in which the agent agrees to be responsible for the total amount of bail in the event that the defendant doesn’t appear for a court date.

How Do You Get a Bail Bond?

First of all, the bail amount must have already been set by the court. Interested parties can find out the bail amount by contacting the detention center directly, or by having a lawyer contact them. Next, the defendant or his representative must contact a licensed bail agent. The agent will issue a bond for a fee equal to a certain percentage of the bail amount. The agent retains this fee regardless of the outcome of the case. 

What Happens if the Bail Agreement is Broken?

In the event that the defendant breaks the terms of his bail by not appearing for a court date, the entire amount of the bail is forfeited to the court. In the case of a bail bond, this means that the agent will owe the court that amount. Any collateral that was offered to a bail agent in exchange for the bond will be forfeited. The judge will issue an arrest warrant and the defendant will remain in custody for the remainder of his or her trial.

Hiring a CPA for Your Taxes

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Certified Public Accountants (CPAs) are hired by businesses, governments, organizations or individuals to help provide meaningful advice for your finances as well as plan financial strategies and prepare taxes every year. They are an integral part of the flow of everyday businesses and also could be what keeps the IRS off of your back. Hiring someone who is part of the United CPA Association to help you or your business with your finances and tax preparation could help you determine the correct path for safe financial strategies.

CPAs are hired by you to help you with what you need, no questions asked. Confide in their expertise and ask them to help you put together a plan of action to be sure to accomplish certain objectives in your financial life. Additionally, be sure to provide them with added information and support when they begin to prepare your taxes. As you live your life and new events call for additional planning, such as an arrival of a new child or planning a retirement fund, keep in touch with your CPA so they can help guide you on what you need to do.

If you are in need of financial help, consider approaching a CPA. You could benefit a lot more if you do.

3 Important Reasons to Get Life Insurance

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Buying life insurance usually means thinking about death. After all, this type of insurance usually only pays out to beneficiaries once you are gone. However, the important reasons for having life insurance usually supersede the unpleasant feelings of thinking about why you need it.

Financial Benefits for Your Family

In the event of an untimely death, you can be satisfied knowing that you did not leave your family financially stranded. A reasonable estimate of how much life insurance elk grove cayou should have is figuring out how much it would cost someone to take your place. If you are the primary earner in the family, then your life insurance should be high enough to help your family through the tough times by providing two or three times your salary. If you stay home to care for children or elderly parents, configure the cost of hiring someone to do that in your place. Insurance must at least cover these basics. With the right amount of coverage, your family should be financially safe. 

Funeral Costs

Another expense after a death in the family is the funeral itself.  Many aspects to include are the cost of a casket and headstone, preparation and presentation of the deceased, renting the funeral home, and cremation or burial costs. Conservative estimates of funeral costs can still reach several thousand dollars. Consequently, final expense costs can be included in a life insurance policy.

Taxes 

After death, your family may be responsible for paying taxes on your estate. While some people may not reach the threshold where this tax is applicable, others may need the additional finances to pay the tax. Life insurance can be a good way to cover this expense.

Many people do not really understand all fine details about insurance. For this reason, it’s important to discuss the issue with a knowledgable insurance agent who can help you understand what kinds of coverage you need to ensure financial security for your family. 

Major Types of Life Insurance

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Life insurance gives you a way to provide for your loved ones after your demise and to pay for your funeral and other expenses that may accumulate when your life ends. While it may seem morbid to consider purchasing life insurance, it is a smart choice. If you are just beginning to look into life insurance for yourself, consider one of these three major options or one of their derivatives, and choose the best one for you based on your needs.

Term

Term life insurance is one of the simplest insurance products available today and also a highly popular option. It is purchased for a certain number of years, such as 30. Once the term is up, you are no longer insured. However, death benefits will apply if you die within the term. This is a good option if you are the main moneymaker for your family, but do not have the money to put into whole life.

Whole

Whole life is even more popular than term life is but can be more expensive. Whole life lasts as long as you are alive and ensures that you receive a death benefit, even if you die past the age of 100. With traditional whole life policies, your premiums and death benefits stay the same throughout the life of the policy.

Universal

There are several different options within the whole life category, and of these, the most popular are universal life insurance policies. With universal life, the cash value of the policy varies based on current interest rates. Plus, you can sometimes pay for your policy with its accrued cash value.

A financial consultant can help you choose the best life insurance for your needs. You will need to consider monthly premiums, death benefits and your current age among many other variables. While whole life policies are generally purchased in greater numbers than term policies are, they may not be the best option for you. Be sure to consider carefully before committing to any one type.