Mountain Views-News Saturday, April 12, 2014
B4 BUSINESS NEWS & TRENDS
Mountain Views-News Saturday, April 12, 2014
B4 BUSINESS NEWS & TRENDS
FAMILY MATTERS
By Marc Garlett
LAW AND DISORDER: THE JERRY ORBACH ESTATE BATTLE
Jerry Orbach, who starred as Detective Lennie Briscoe in the popular “Law and Order” television series,
died a decade ago, but a battle is brewing over his Chase bank account.
The Chase bank account in dispute belongs to Orbach’s Mingoya Productions company, and is currently
under the control of the actor’s former accountant, Patricia M. Black. Orbach added Black as a signatory
to the company’s account a year before he died in 2004.
Black also served as executor of the estate of Orbach’s wife Elaine, who inherited his entire estate and
who died in 2009. After Elaine died, her sister, Rita Hubbard, replaced Black as executor. Hubbard
contacted Chase to inform them of the change in executor and request that Black be cut off from access
to the account.
Chase says that Black has not responded to its many phone calls and letters, and is unwilling to turn the
account over to Hubbard because it is unsure who the rightful owner of the account is since it has no
proof that Elaine was ever a co-owner of Mingoya Productions.
Hubbard’s attorney says that Elaine’s estate is the sole owner of Mingoya Productions, and is therefore
the rightful owner of the account.
A lawsuit has been filed in Manhattan to resolve the dispute.
This is the unfortunate effect of not having your estate planning set up properly. Many, many years after
your death, your loved ones could still be dealing with the fall out.
Unlike many lawyers, we have specific procedures for ensuring your family doesn’t get stuck dealing
with the Court when something happens to you.
If you would like more information about getting your affairs in order and handled well, call our office
today to schedule a time for us to sit down and talk. Because this planning is so important, I’ve made
space for the next two people who mention this article to have a complete planning session at no charge.
Call 626.355.4000 today and mention this article or visit www.GarlettLaw.com for more information.
Marc, a local attorney, father, and CASA volunteer (Court Appointed Special Advocate for Children) is on
a mission to help parents protect what they love most. His office is located at 49 S. Baldwin Ave., Ste. G,
Sierra Madre, CA 91024.
IF YOU BUILD IT, WILL THEY COME?
Some people believe that building a web site is all that is needed to start
a thriving, prosperous business. “If I build it, they will come! I will make
millions.” I’ve yet to see that happen. I believe in having a great attitude, but
basing your business strategy on a Hollywood quote doesn’t make sense to
me.
What makes sense is to build a web site full of quality information, blog on a consistent basis and
come up with content on the right tools that link back to your site. Using tools that drive traffic like
Constant Contact, Facebook, Pinterest and Twitter will help you get people to your site.
Are you posting links to your site or blog on social media? If you use email marketing, does your
banner and images link to your web site? We are used to clicking on images. If you use Pinterest,
do your original images link to your web site?
The bottom line: As you distribute content on the web, you want to make sure that there are links
throughout the copy and on images that lead back to you.
Promote your site at every touch point in your business (on and off-line), then they will come.
About MJ: MJ and her brother David own HUTdogs, a creative services business that specializes in
Internet Marketing strategies and Social Media. They offer social media management services and
help their clients build a strong on-line presence. “Like” them on Facebook for trending news in social
media, internet marketing and other helpful tips, www.facebook.com/hutdogs.
Sign up for their upcoming classes and presentations at: www.hutdogs.com/workshops/schedule
*the creative entrepreneur
by Lori Koop, Business Coach
So, you’re determined to start creating social media content. You know WHY you want to, and
you’ve set a time weekly to devote to it, but it’s still not happening. Consider the following…
Maybe your timing is off. After all, you can’t squeeze blood from a turnip. Perhaps there are too
many things on your plate at the moment. Instead of insisting, relax. Flow with what’s before you
and trust when the time is right, you’ll find the room in your schedule and the desire to commit.
“I learned that we can do anything, but we can’t do everything... at least not at the same time. So
think of your priorities not in terms of what activities you do, but when you do them. Timing is
everything.” -- Dan Millman
Or, if the desire and time don’t show up, maybe it just isn’t something you really want to do. You
may want it to get done, but you don’t want to do it. Why force it? Instead, hire someone who’s
passionate about social media. Someone who knows what they’re doing and can do it efficiently.
When you allow yourself to take off some of the hats you wear, you make more room for the work
you love -- your genius work! You’ll be happier, healthier and more successful!
Good luck!
. . . . .
LORI KOOP, helping creative entrepreneurs prosper. Schedule a complimentary session: www.
LORIKOOP.com or call 626-836-1667. (Location: 49 S. Baldwin Avenue, Suite L, Sierra Madre
91024) I’m here every other week.
Fresh Business Ideas.
New income opportunities.
www.LORIKOOP.COM
HOW TO GET AHEAD: PAY YOURSELF FIRST
By Gregory J. Welborn
The first quarter has ended and “tax freedom
day” is just weeks ahead. On April 21st, we
stop working for Uncle Sam and focus on our
own financial future. So how do you get ahead?
How do you actually make a dent on all those
financial goals? Fortunately, there is a simple
little technique that can really help.
Most people follow the same monthly process
of paying their bills and then, if there’s anything
left, they think about putting something in
savings. For too many Americans that doesn’t
work very well. So, let’s reverse the order. Make
the first payment of each month into your own savings account.
Prioritize and Discipline
This is simple, but it does involve discipline. There always seems to be an endless stream of
bills. The truth is most people let their expenses – and thus their bills – increase to consume their
available cash. The genius of paying yourself first is reducing the amount of cash available to
spend. For most people in most situations, expenses settle down to a lower level.
Starting out, you may only be able to pay yourself a small amount. But it will become a habit,
which over time becomes easier the more you do it. Start with $200/month, or $100/month, or
$50/month, etc. Just start somewhere and then gradually increase it. You’ll be surprised how
quickly you fall into the new habit.
Now Make Your Savings Work For You
Now that you’re saving, you need your money to work for you. You can’t just “save”; you have
to actually “invest” in something. Don’t gamble with it, but don’t be afraid of taking calculated
risks. Investing in well-diversified, low-cost mutual funds is a calculated risk – and a small one at
that. Stock market swings won’t hurt you over the long term. In fact, if you’re contributing into
an investment account on a regular basis, the downs can be a very profitable time for you. When
you buy low, you make a huge profit when prices come back up.
You’re In Control
The bottom line is that most people can substantially improve their financial future with just a
few slight changes in their behavior. You are in control. Pay yourself first, be disciplined and make
your money work for you. You’ll wake up one day and be amazed at how wealthy you’ve become
and how much better retirement looks.
About the author: Gregory J. Welborn is the Managing Partner of First Financial Consulting,
a fee-only advisory firm. He has worked with The Today Show, Kiplinger’s Magazine, and USA
Today to provide objective financial advice to their readers and listeners. He has 3 grown children
and is honored to be married to his wife of 25 years. He can be reached at gwelborn@ffconsult.net
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