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John B. Stutt

John Stutt’s Legal Guides

20 total


  • Are You Concerned About the Theft of your Credit?

    You can legally obtain a free copy of your credit report once every 12 months. Visitwww.annualcreditreport.com, or call 1-877-322-8228 or visit the Federal Trade Commission website to request a compli

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  • As a real estate buyer, are you bearing the risk that a lien has not been discovered before closing?

    Sometimes buyers get so wrapped up in the fever of acquisition of a new home that they sign a contract and can't afford the purchase without cash from the sale of an existing house. Taking on too much debt can be avoided by the proper preparation of a contingency clause known a...

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  • Are You Paying Too Much for the House?

    Buyers sometimes get caught up in the emotional frenzy of buying a house and in attachment to the house pay dearly in price far beyond what is appropriate. This risk can be avoided by an appraisal contingency which permits the buyer to obtain a professional opinion as to the va...

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  • What does it mean when a contractor advertizes he is bonded or insured?

    As an owner of a commercial building, it is important to understand that a contractor's advertisement as to "bonded" or "insured" can turn out to mean entirely different situation than what you imagine. Contractors often place signs on their advertisements indicating they are bo...

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  • If you are self-employed, you are likely missing the retirement plan that will grow like no other.

    There is a Solo 401k & Solo Roth 401k plan that is a hidden jewel for the self-employed. This is a plan for small business owners and sole proprietors who have no employees, combining salary deferral and profit-sharing components, that allows you to make after-tax (Roth) contri...

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  • 2010 Update-Why small charities should adopt policies imposed on big charities

    The IRS imposes greater reporting requirements on bigger charities. If small charities wish to grow, they should adopt the required policies that provide more transparency and accountability. Donors are more likely to contribute to an organization they know is professionally ma...

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  • How to deal with bad or unsuitable annuities sold to seniors, 65 or older

    In 2008, Penn Life agreed to pay a record forfeiture of $925,000 and to offer a restitution program to up to 2,200 purchasers, mostly Wisconsin senior citizens, who were sold more than $55 million in annuity products from 2000 to 2007. Under the settlement agreement, Penn Life w...

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  • HOW WE IN THE LONG TERM PROTECT AMERICAN FARMS, FIELDS, MOUNTAIN SIDES AND THE COASTS.

    Conservation easements have increased considerably in the last decade. They are now the preferred benefit landowners used to conserve the land employing tax planning. Usually, their motivation is altruistic with a side benefit of State or Federal Tax advantages. Although the use...

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  • The Most Important Fiduciary Document Many Plan Trustees Don't Have

    The Investment Policy Statement (IPS) is a business plan for qualified retirement plans that details the procedure the fiduciaries will use for investment selection and evaluation. One-fourth of nearly 4,000 respondents to plan sponsor's annual defined contribution survey say t...

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  • Piercing the Corporate Veil of a Limited Liability Company

    What this means is that under certain circumstances your LLC will not afford protection to you if a creditor can establish that your LLC is a sham. At least one court in Connecticut in 2001 (Stone vs

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