Remember to be specific and clear when naming beneficiaries. For example, state person's full name as well as his or her relationship to you (child, cousin, friend, etc.) so your executor will know exactly who you mean. Clarity will also help to prevent challenges to your will.

Do not forget to get will witnessed. A witness should not be a beneficiary under will. Only one copy should be signed.

Once your will is written, store it in a safe place that is accessible to others after your death. If you had a solicitor prepare your will, have him or her retain a copy with a note stating where original can be found.

The end of your life is something you probably don't want to dwell on, but thinking about what will happen to your loved ones and your assets and personal possessions is important.

Making sure you've done all you can to make their lives easier will give you peace of mind. And once your will is drafted, you won't have to think about it again unless something significant in your life changes.

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Cash flow can be broken down into three sections:

Operating cash flow: often referred to as working capital, is cash flow generated from internal operations. It comes from sales of product or service of your business, and because it is generated internally, it is under your control.

Investing cash flow: is generated internally from non-operating activities. This includes investments in plant and equipment or other fixed assets, nonrecurring gains or losses, or other sources and uses of cash outside of normal operations.

Financing cash flow: is cash to and from external sources, such as lenders, investors and shareholders. A new loan, repayment of a loan, issuance of stock, and payment of dividend are some of activities that would be included in this section of cash flow statement.

Good cash management is simple. It involves:

Knowing when, where, and how your cash needs will occur

Knowing best sources for meeting additional cash needs

Being prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors

The starting point for good cash flow management is developing a cash flow projection to help them develop necessary capital strategy to meet their business needs.

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