Time For a Checkup
Written by Patrick G. Hubbard for “The Forest Image”
Fall is a great time of the year. Every September, I eagerly await cooler weather, football, and holiday celebrations. It is also a time for taking stock of affairs, giving thanks to God for our blessings and planning for the future.
Taking stock is easily the most challenging part of winding up another year. It can be time consuming and sometimes traumatic. However, reflecting on your past performance and setting goals for the future, is time well spent that will yield more success and less stress in the years to come.
In the legal business, I refer to it as a year-end check-up. If you are a visual person, think of the “ox-rule.” The “ox-rule” is that it is easier to keep your ox out of the ditch than it is to get your ox out of the ditch. Or, you can think of it as building a fence around the ditch.
The process is simple. Ask yourself these questions. Are my will, power of attorney, directive to physician, and beneficiary designation in order? Is my business in the best format for tax purposes? What is my liability to my customers, my employees, and to others? Is the property and information of my company and clients secure? Am I in compliance with the legal requirements pertaining to my business? Are my records adequate? Are my business relationships with professionals in a good place?
The answer to these questions will yield an accurate picture of where your personal and business affairs are leading you. The final question is whether you are heading in the direction you want to go? If not, give us a call, we can help.
But most importantly, we wish all of our clients and readers a very happy holiday and rewarding New Year!
Contact The Hubbard Law Firm for a confidential consultation to assist you with your legal needs. Licensed to practice in all courts in the State of Texas.
