Entries by Emerita Mercado

Selling your house and renting it – the right way

You must have heard about Conrad Black selling his Bridle Path mansion and renting it back. Yes, you heard it right! He will be paid for the sale and then pay rent to live there. This arrangement is called sale/leaseback. It is a transaction wherein the owner of the property sells that property and then […]

Smart ways to manage a financial windfall

Many people view a financial windfall as “found money” and have a tendency to treat it differently than hard-earned money. An expected payout, whether from an inheritance, a lawsuit settlement or a lucky lottery ticket, can create a world of problems if not handled effectively. Most financial planners advise waiting for at least six months […]

5 Ways to protect your hard-earned assets

As you accumulate wealth and financial assets, it’s essential to protect what you have earned and saved. Putting a financial strategy in place that reflects your legacy goals can help protect your assets from unnecessary loss through taxation or misfortune. Here are some strategies that may be beneficial to you and your legacy: 1. Power […]

You don’t have to be Mark Zuckerberg to be a philanthropist

You may have heard that Mark Zuckerberg recently donated 99% of his Facebook shares, valued at US$45 billion during his lifetime, to advance human potential and promote equality for all children in the next generation. He made the announcement in a letter to his newborn daughter. Amazing, right? Many have commented that the example he […]

Financial checklist for surviving spouses

Losing a spouse or common-law partner is not only emotionally difficult; it can also be overwhelmingly stressful when you consider all of the paperwork it involves in settling one’s financial affairs. Creating a quick checklist now of the most pressing financial and legal-related issues you’ll need to tend to later, can help alleviate the stress […]

Prenups: What they can and can’t do

You’re engaged – congratulations! But before you take that walk down the aisle, you might want to take a closer look at your respective financial situations. Prenuptial agreements are a challenging subject: they’re often largely misunderstood and tend to be associated more with the wealthy or celebrity couples. Before you decide whether or not a […]