Richard Koman Farmers Agent

http://www.countryliving.com/real-estate/a40069/tiny-house-village-trend/

Researchers Say Tiny House Villages Are the Next Big Housing Trend A tribe of teeny houses may be headed to your neighborhood.

Charitable Giving Through Life Insurance

The philosopher Peter Singer argues that there is a moral obligation to give away (to nonprofits that save lives) all of your income in excess of basic living standard. Oxford philosopher William MacAskill commits to giving away of his income in excess of 20,000 pounds. But isn't there a more cost-effective way to do good without going broke?

Consider life insurance. In the simplest case, you have been paying for a term policy for several years but the need for the policy has come to an end. (Your child is now working at a good-paying job and doesn't need your death benefit, for example.) Rather than just dropping the policy and simply wasting all those premiums, you could make the life-saving nonprofit the beneficiary (or even contingent beneficiary.)

Or -- take a new term policy out on your young (or young adult) child's life and make a nonprofit the beneficiary. For the nominal cost of a long-term policy on a young life, you can be assured of providing say $500,000 or $1 million for a a nonprofit that will save lives and improve the quality of living for thousands of people around the globe (or whatever cause is).

Of course that might not pay off for 50 or 60 years, so you want a charity that will be around that long.

There is much more to consider here, and tax professionals should be consulted. I will add some more detailed posts on this over the next few weeks. Of course first and foremost you must protect your family in the case of death or disability, so by all means contact me to discuss your life insurance and other needs.

If you're up for a heady conversation, including moral thought experiments and the like, check out this podcast by Sam Harris:

https://www.samharris.org/podcast/item/being-good-and-doing-good

Being Good and Doing Good In this episode of the Waking Up podcast, Sam Harris speaks with Oxford philosopher William MacAskill about effective altruism, moral illusions, existential risk, and other topics.

Business owner’s policy (BOP): A business owner policy packages all required coverage a business owner would need. Often, BOP’s will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance . Based on your company’s specific needs, you can alter what is included in a BOP. Typically, a business owner will save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverages.

13 Types of Insurance a Small Business Owner Should Have 1. General Liability Insurance: Every business, even if home-based, needs to have liability insurance. The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party. 2. Property…

Some modest protection for small business owners who suffer a judgment. via Cathy Moran

http://www.bankruptcysoapbox.com/small-businesses-p/

Small Businesses Gain Protection If California S.B. 308 Passes Small businesses could protect the means of staying in business if SB 308 passes the California Assembly. It adds a modest exemption for cash or inventory.