Showing posts with label Estate Planning. Show all posts
Showing posts with label Estate Planning. Show all posts

Wednesday, 9 November 2016

Marcus Hiles Creates Rags to Riches Success Story

Near Austin, Texas in the United States, real estate mogul Marcus Hiles has created another gorgeous living space in The Mansions at Stone Hill under the umbrella of his Western Rim Properties corporation.  Austin is known today for its prosperity and fine living spaces, a reputation created in no small part by Hiles’ Mansions at Stone Hill, which is established near the Austin headquarters of Dell and Samsung technological giants.
Marcus Hiles
The precursor to the living communities of Estates 3Eighty and Mansions at Stone Hill were the Newport Classic Homes developments in Dallas and Grand Prairie, Texas in the United States.  Marcus Hiles’ Western Rim Properties real estate concern brought forth Newport Classic Homes’ communities as their blueprint for relaxed and rich community living, community concepts which unite natural beauty in landscape design with services and amenities which make for an efficient and comfortable urban living experience.  Newport Classic Homes was the departure point for ever more creative and unique spaces designed to maximize the enjoyment and lifestyle of Western Rim Properties’ clients.

Marcus Hiles has reached heights of astounding success as the CEO of Western Rim Properties real estate of Austin, Dallas and Grand Prairie, Texas in the United States.  But Hiles’ early life bore no resemblance to the prosperity and economic freedom he enjoys today.  Hiles was born into a lower middle class family in Boston, Massachusetts, where his father, a Christian preacher, ministered to the poor and disenfranchised of the inner city.   These early experiences of struggle defined Hiles’ determination to create a prosperous life through education.

Monday, 26 September 2016

Marcus Hiles - How to Find Time to Educate Yourself Daily

Marcus Hiles is an entrepreneur who firmly believes in educating himself daily. Many people say that they would love to read more books or study more. They claim that they are not doing so because they have no time and no opportunity. Yet many of those people spend up to several hours commuting to work by car or train, where they can listen to audiobooks and study. You can find time if you want to. It is just a matter of structuring your days.

Marcus Hiles First, you should free yourself from constant interruptions via phone and email. Science research shows that it takes a human brain twenty minutes to get back to where it was once it’s interrupted. This means that a one-minute phone call in reality takes twenty-one minutes of your time. Out of twenty-one minutes, one minute is spent on the phone call and twenty minutes is the time your brain need to go back and productively focus again on what you were doing before the phone call. Don’t check your email or answer your phone right away unless it’s an emergency. Start responding to voice messages and emails at your convenience. This way you will be able to get more done and will have more time left for educating yourself.

Second, start linking everything you do to your goals. When thinking about your self-education, think about how it will help you progress faster and easier towards your goals. Many people don’t read books or attend seminars simply because they do not have enough reasons to do so. Successful business people, such as Marcus Hiles, are not like that. This is one of the secrets to personal productivity: having more important reasons to be more productive.

Friday, 9 September 2016

Marcus Hiles - Charitable Donations and Estate Planning

Marcus Hiles is a successful real estate investor who has donated over $2.5 million to various education causes.

Legacy giving and estate planning are the ways of dealing with what happens to your money after you die. If you don’t take care of this issue while you are alive, the process after you die will be much more confusing, complicated and expensive for all the involved parties. 

                                            Marcus Hiles

There are two main concerns when deciding on your legacy giving. The first one is establishing a guardian for minor children, if you have any. The second one is creating a will that will determine the distribution of your assets.

If you are like most people, you probably want a percentage of your estate to go into supporting a charitable cause that you were involved with during your lifetime.

Giving back can be a substantial part of your heritage. It represents the last opportunity for you to influence the world. There are three ways to think about your legacy charitable donations. They are memorial gifts, income replacements and strategic donations.

Memorial gifts are simply gifts that you include in your will. They show that the nonprofit was important to you and that you want to acknowledge your association with it. Income replacement is an endowment-style donation that will generate some income for the organization you are donating to. The typical endowment has an annual payout of about five percent of its value. This means that the amount of your gift needs to be at least twenty times what you would like to donate annually. 

Strategic gifts are usually larger gifts that enable charities to undertake major projects such as starting a new program, remodeling a facility or building a new one. For example, a gift from Marcus Hiles allowed for the construction of two large churches in two states.