Are You Owed Money? Contact Us To Find Out

With the Wells Fargo bank scandal in the news, many of you may be wondering if your bank is also leveraging unwanted, (and possibly illegal) fees on your hard earned money.

How would you tell if you are owed any funds? We could all use some extra money, and a second pair of eyes is always better than one.

Here at Berkshire Hills Financial, located in Great Barrington, Massachusetts, Tom Sirois can take a good hard look at your expenses to income ratio, and track down any unnecessary or rogue expenses, helping you to tighten up your finances and giving you some extra money during the year.

Wells Fargo may have some people on the fence about trusting your finances with a third party, but Tom Sirois has a proven track record in banking, and financial advising, and can help you save money.

Give us a call today or contact us online!

The Cost of Court

Tom Sirois of Berkshire Hills Financial wants to make sure that you are prepared for any sort of disaster that comes your way.

Today, in the light of all of the political and corporation scandals rocking this election, we are going to discuss the cost of a civil lawsuit to put into perspective the need of the average business owner to set money back in case the need to go to court arises.

Okay, you want to sue someone.

What’s first?

Attorney’s can cost anywhere from $300 an hour, to some of the most experienced charging around $1000 an hour.

Anyone who has ever been to court knows that a hearing could take upwards of 3 hours or more per hearing.

Those court costs add up quick!

Let’s assume that you won’t hire an attorney.

Let’s assume you will act as your own attorney, commonly referred to as “pro se”.

First you have to draft your complaint, and then file it.

Filing fees vary from state to state, and differ from district to superior court. For instance, in California, just filing the complaint will cost you $435, and in North Carolina, filing a civil complaint can cost only $200.

Then there are various other filing fees, including writ of execution, alias/pluries summons, and even a fee to request a court date for your hearing.

It is imperative in today’s business age, that a company set aside a set amount per month for any legal costs that their company may incurr.

An ill prepared company who is sued by a plaintiff could spend upwards of $60,000 – $100,000 dollars before court is over.

Do you have a good strategy to protect your business or personal assets should the need to go to court arise for your business or family?

Contact Tom Sirois of Berkshire Hills Financial today to discuss how we can work out a financial strategy to protect you and your hard-working business today.

A case for owning Stocks (and renting?)

Since “the Great Recession”, many American households have not recovered their former net worth.

Households in the upper 7 percent (households with a net worth above $836,033) saw their net worth INCREASE by 28%. The remaining households in the lower 93% net worth dropped by 4 percent (to roughly $134,000).

Stated simply, affluent households typically own stocks and other financial holding that increased in value (since 2009) and less wealthy tend to have more of their assets in their homes which have not rebounded.

To read more go to: Pew Social Trends.

 

Tom Sirois

Great Barrington, MA