We Buy Your Business
If you are dealing with issues such as divorce, downsizing, probated or non-probated estate divesture, or overwhelming debt, you know that the Asset or Estate Liquidation process can be an emotional mine field. With this significantly stressful situation, often coupled with difficult time restraints, what can be done to best manage the process and deal with the myriad of decisions required?
The first step in liquidating any assets is to identify and enumerate all of the assets that are available to work with. Listed below is a checklist of categories that you should consider when summarizing your personal assets.
Financial Assets
1. Bank accounts
2. Guaranteed investment certificates (GICs)
3. Government Savings Bonds (GSBs)
4. Mutual funds, segregated funds, stocks, and bonds
5. Business investments
6. Registered Retirement Savings Plans (RRSPs)
7. Locked-in RRSPs or Retirement Accounts (LIRAs)
8. Registered Retirement Income Funds (RRIFs)
9. Life Income Funds (LIFs) and Life Retirement Income Funds (LRIFs)
10. Annuities
11. Life insurance policies
12. Company pension plans with survivor benefits
Physical Assets
1. Home
2. Rental properties
3. Cottage/vacation home
4. Cars
5. Recreational vehicles (boats, snowmobiles, motor homes, etc.)
6. Home furnishings
7. Artwork
8. Antiques
9. Collectibles (stamps, coins, etc.)
10. Jewelry
Making a detailed list of all your worldly possessions can be time-consuming and difficult. But it will provide great value for insurance purposes, assisting in facilitating business or personal loans, and estate planning. The more detailed and complete your asset list, the easier it will be for your estate to be properly valued. If necessary, it can also be used as protection against creditors or to provide documentation for heirs should the need arise.
We Buy Your Business (WBYB) provides cash offers for personal assets to assist in the liquidation process. Please contact your WBYB representative for more information at www.WeBuyYourBusiness.com
- Related Videos
- Related Articles
- Ask / Related Q&A
- Unsecured Loans: Acquisition of Money Asset-free
- Tenant Loans: Obtain Money Asset-free for your Usage
- Tenant Loans: Get Money Asset-free for your Personal Needs
- Bad Credit Tenant Loans: Bad Credit Money, Asset-free
- Duties Your Asset Management Company Must Perform
- Warning: is Your Spouse Hiding Money During Your Divorce?
- How To Find The Money Owed To You!
- Offshore Accounts: Safeguard Your Money
Is A Sales Job More Fulfilling Than An Office Job?
By: Joe Blogger | 26/11/2009There are basically three types of sales jobs. These are known as "Outside" sales, "Inside" sales and Retail. Without doubt, the individual with the ability to understand the mechanisms that make up a good sale is crucial to how fulfilling a sales job will be. In a very fundamental way, most people have sales skills.
How Do I Lookup Court Records On The Internet To Locate Someones Criminal Past
By: James Nash | 26/11/2009Finding someone’s criminal past is more than easy nowadays. You can get all the info from court records. Luckily for us, court records are available for free online so there is no problem in obtaining these records anymore.
The TAS Group Announces Addition of Engleby Associates to Its Dealmaker Partner Network
By: Market Wire | 26/11/2009New Partner to Provide Sales Performance Automation to U.K. Clients to Enable Greater Sales Success and Self-Sufficiency
A perfect 10! DirectBuy of Toronto East celebrates 10-Year Milestone!
By: Joe D'eramo | 26/11/2009For 10 years, DirectBuy has been offering consumers in the greater Toronto area a brand new way to save on home improvement projects, furnishings and accessories.
Massachusetts Association of Buyer Agents Relieved
By: Steve Dubin | 26/11/2009Over Approved Home Buyer Credit Extension & Expansion
Keeping Track of School Equipment Using Barcode Labels
By: Sarah Cornish | 26/11/2009Keep track of all your school’s equipment using asset labelling.
The Benefits of Asset Labelling and Tracking
By: Sarah Cornish | 26/11/2009Investing in asset labels could help your business save a significant amount of money in the long term.
How To Sell Your Knowledge For Profit (Part 1)
By: Dr Sunny Obazu Ojeagbase | 26/11/2009Without looking into a crystal ball, I know what attracted you to this article. It’s the bold promise: how to sell your knowledge for profit. I agree, you’ve always read my column. But when you dig deep down, the thought that you will discover the secret of how to sell your knowledge for profit is the strong motivation, the magnet, for your choosing to read this article right now.
The Unplanned Business Exit
By: We Buy Your Business | 15/10/2007 | BusinessFor some, planning a business exit can be a predictable, methodical process. We know the competition; we understand market demands, know when we want to sell and might even know the actual date. But for far too many business owners, the business exit comes as a harsh reality and often unplanned event.
The Probate Process
By: We Buy Your Business | 15/10/2007 | BusinessWhen a person dies, his or her survivors must notify the Probate Court having jurisdiction within thirty days of the death. The Probate Court will appoint an Executor if the decedent left a Will, or an Administrator if there is no Will. The duties of the Executor or Administrator are identical:
How the Plaintiff Funding Process Works
By: We Buy Your Business | 15/10/2007 | BusinessThese advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid never exceeds the amount of the plaintiff's share of the settlement.
Liquidating your Business Assets Can be an Efficient and Prudent Exit Strategy
By: We Buy Your Business | 15/10/2007 | BusinessGetting out of business successfully requires careful planning from start to finish. If you are looking at asset liquidation as a part of your exit strategy, consider incorporating the following recommendations into your plan to increase your chances for success.
What is a Lease Purchase?
By: We Buy Your Business | 15/10/2007 | BusinessA Lease Purchase allows you to rent and occupy the home while having a contract to purchase the property for a set amount at a predetermined time in the future.
Getting Out of Business is a Process
By: We Buy Your Business | 15/10/2007 | BusinessGetting out of business is a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying the decision to get out. Planning how you exit your business is just as important as how you started it. The exit process, timing of events; and tasks associated need to be tailored