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“Everyone knows when a husband or wife passes away, the home and other assets go to the surviving spouse.”

“I have several investment properties in my name. If a tenant sues me, my home owners insurance will protect me.”

“I’m a professional athlete and I rece

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ntly had a fan show up at my home. I don’t know how this fan found my home address.”

Does this sound familiar? These are common misconceptions held by people of all ages and backgrounds. Below are three examples that highlight the risks and liabilities that

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

can occur without having a will, trust or power of attorney.

Example 1: After my grandfather passed away, my mother and her siblings learned that even though two people are married, the home and other assets are not automatically the right of the surviving spo

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

use and can go to probate court. My grandfather’s will was last updated five years prior to his death. During this five year period, he purchased stocks, bonds and other assets that were not detailed in the will. Many of these items were only in my grandfathe

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

r’s name and did not designate a beneficiary or trustee. Luckily, their home was in both of my grandparents names. There were countless hours and thousands of dollars spent fighting for these other assets and to update my grandmother’s will.

Example 2: My

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

client is a professional real estate investor and owns ten rental properties worth approximately $8 million dollars. She is married, but all of her rental properties and mortgages are in her name only. She has no will, trust or power attorney. If a tenant wa

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

s to get hurt and decides to sue, all of her real estate assets are currently exposed; because they are in her name and she does not have a will, trust or power or attorney to protect them.

Example 3: Another client is professional athlete and recently called

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

to tell me that a fan had showed up at his home. Luckily, the fan was stopped at the gate by a guard and did not make it to the front door. His security guard informed him that the fan obtained the address in the county tax records. He was alarmed and asked h

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ow this could happen. After a few questions, I had determined that he had bought the home 2 years ago with the help of another Realtor. He had a will, but did not have a trust or power of attorney and therefore his home was recorded in his name.

All of these

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

examples have two things in common: real estate and other assets worth thousands to millions of dollars and no plan to protect each persons privacy and wealth. Planning ahead with a will, trust or power of attorney will protect your privacy and wealth that y

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ou have worked so hard to acquire.

The following is a list of suggestions to assist you in finding an Attorney or legal professional to assist with preparing a will, trust or power of attorney. Consult professionals who are legally qualified to provide you with

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

the appropriate information.

• Consult a state licensed Attorney or legal professional to select the best ways to protect your real estate and other assets with a will, trust or power of attorney.

• Conduct research to select an Attorney or legal profession

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

al to best serve your needs. For example, if you are a professional real estate investor, consider selecting an Attorney or legal professional that has other real estate investors as his/her clients instead a family law attorney.

• Prior to meeting with your

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

Attorney or legal professional make a list of needs and wants to ensure that you can meet your objectives.

• Consider asking the Attorney or legal professional if you can complete some of the leg work like collecting documents or obtaining the deed to your pro

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

perty to save time and money on the overall cost.

• Contact your Assessor’s office for the county in which you reside to obtain the proper documents needed to record you will, trust or power of attorney.

• If you are a professional real estate investor with

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

one or more properties, find out the best way to protect your assets from any lawsuits that could be brought by a tenant or visitors of a tenant. Ensure that your assets are protected against such loses.

• Prior to purchasing new investment properties speak w

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ith your Attorney or legal professional to determine how the title will be held. Also provide this information to the settlement company or settlement Attorney.

• Provide your homeowners insurance provider with a copy of your will, trust and power of attorney

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

.

Having a will, trust or power of attorney or trust before purchasing your next investment property will provide an added layer of protection. It will also ensure that you will protect your privacy and wealth.

For more information or assistance with setting

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

up a real estate investment team (REIT), mortgage planning options or property management, contact Jennifer Johnson, your trusted real estate investment advisor.

Copyright© 2007 by Jennifer V-E Johnson. Others may not copy this material without written permiss

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ion of Jennifer V-E Johnson. The views expressed in this RE News are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of RE/MAX. If you are currently working with a Realtor® this is not intended as a solicitation

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Whether you're marketing your business to a local community or to the world, you should strive to create a brand for yourself. By branding your company, you not only set yourself apart from your competitors, but you make your company easier to identify in the marketplace.

We are probably all aware at this point in our lives that many illegal aliens work at carwashes and even with the pretend crack down on illegal immigration and the outrage of citizens in the United States of America it is obvious that nothing has changed at the carwashes, they are still hiring illegal aliens.

What I have found is that most small business owners watch their cash like a hawk and they protect it with their life but they still need new clients. They have heard of Customer Relationship Management (CRM) and Sales Force Automation (SFA), but it is difficult to figure out what will work for you. I explain how to tell what to look for and provide 12 important questions that you can ask any company to figure out who can help you or not. It's amazing how many companies can talk a good game, but remarkably, there are few that actually deliver results which is what the small business needs. The bottom line for small business owners is to generate more revenue coming in than going out. This takes an affordable process that will increase the number of leads, referrals and more sales.

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