FEBRUARY 10, 2008
Topics
The importance of a will and how it works,
What is probate court,
The best way to designate a beneficiary on a life insurance policy, and
A proposed constitutional amendment to protect freedom of choice in health care
Guests
Larry J. Busch Jr.
Estate Planning attorney
(Live in studio to take your phone calls)
www.ysfi.com WHO?
Larry J. Busch, Jr. is an attorney whose goal is to help people plan for their business and personal futures, to avoid conflicts and pass along their assets easily and with as little family conflict and government interference as possible. Larry strongly believes that advance planning avoids potential problems, which not only saves his clients huge litigation fees, but also provides peace of mind and an easy transfer of assets to his clients' heirs.
Larry J. Busch, Jr. is the lead attorney for Your Source Legal. Larry focuses his practice on using a wide variety of legal tools to help clients protect their assets while giving them a flexible plan which ensures that their families, charitable organizations, educational institutions, or whomever else they want to benefit will actually receive their gifts.
A graduate of Iowa State University, Larry worked in the corporate communications/public relations field for both private and public entities before earning his law degree from the University of Missouri-Kansas City. Larry is a member of both the Arizona Bar Association and the Missouri Bar, and has always concentrated his practice in estate planning, business law and real estate transactions.
Larry has been married to wife Nancy for 15 years, and they have three fantastic children who keep them busy. Lawson, 10, is an aspiring football player; Connor, 7, loves soccer and tetherball, and their little princess, Dayton, 4, is the singer, animal lover and overall socialite of the bunch. Larry and Nancy recently renewed their wedding vows in Hawai'i, and enjoyed it so much they plan on renewing vows every five years in a different location each time.
WHAT?
The Your Source Family of companies is a dynamic organization dedicated to providing counsel to financially successful families and businesses. Our firm provides direct access to sophisticated expertise, knowledge and services. We create a mutually beneficial relationship with our clients equivalent to what larger firms can provide, but with the ability to remain true to our values of customer service. We strive to create vision, build enthusiasm and cause action in your financial relationships.
Your Way. Your Source. You're Invited.
WHERE?
Your Source Financial
707 E. Northern Avenue Phoenix, AZ 85020 (SE Corner of 7th St. & Northern Ave)
P: 602.343.1700 F: 602.343.1710 www.ysfi.com WHAT?
Eric N. Novack MD
As Americans, we understand the importance of liberty and freedom. As Arizonans, we value the ability to make our own choices. As parents, friends, husbands, wives, and families, we do not want faceless bureaucrats deciding what health care we can receive, determining whether we can get a second opinion, or choose alternative therapies.
From our right to free speech in the First Amendment, to our right to bear arms in the Second, to our overwhelming approval of the importance of property rights, in Arizona, we believe that acting to protect our liberty is not just an option, it is an obligation. The "Freedom of Choice in Health Care Act" will preserve and protect the rights of individuals to make their own health care and health insurance choices. Currently, many lobbyists and special interest groups in Arizona and around the country are promoting policies that would limit or even eliminate the ability of people to have choices when seeking out health care for themselves and their families.
This initiative will guarantee the right of Arizonans to make their own health care choices. Lobbyists and special interests will see their power to control and dictate your health care limited.
WHERE?
Medical Choice for Arizona
3655 West Anthem Way Suite A-109 - PMB 212 Anthem, AZ 85086 P: 623.271.9526
www.medicalchoiceforaz.com
The Insurance Term of the Week:
Federal Insurance Administration
The "Federal Insurance Administration", FIA, is the federal agency in charge of administering the "National Flood Insurance" program. It does not regulate the insurance industry.
Larry's Tip of the Week:
Most homeowners policies don't cover against flooding. In fact about 25% of all claims come from low risk areas.
Federal disaster assistance generally offers loans to help cover flood damage, not compensation for your losses. Even then, those loans are only available if the President formally declares a disaster. Federal declarations occur in less than half of all flood events.
A flood insurance policy will reimburse you for covered losses, even if the flood is not a federally-declared disaster.
Residential insurance for flooding is usually written with coverage amounts up to $250,000 on your structure and up to $100,000 in personal property coverage. Your premium will depend upon your location, whether you are in a flood zone and the coverage limits you select. The average cost for a preferred policy in a low risk area is around $125.00 per year.
Check with your insurance adviser for rates and appropriate coverage limits.