diff --git a/Keys-To-Picking-Your-Financial-Adviser.md b/Keys-To-Picking-Your-Financial-Adviser.md new file mode 100644 index 0000000..673e4bc --- /dev/null +++ b/Keys-To-Picking-Your-Financial-Adviser.md @@ -0,0 +1,23 @@ +Does the nonprofit possess a lot money? While this may be an asset to the nonprofit, it is a substantial liability to you personally. Once you are on a nonprofit Board, you assume "fiduciary responsibleness." That means that if something goes terribly wrong, as well as the consequences involve substantial losses for the nonprofit, when the held personally liable, plus your other Board members, up to their capacity pay. That means, for example, that if there is a loss of money due to neglect or malfeasance, you and the colleagues for a Board could be ordered to make it right. + +As the last surviving joint tenant on deed towards the beach property, the rentals are considered to be owned by an individual, subjecting the property to probate. 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