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I regularly talk to clients who are 60 years old and above about how they plan to pay for skilled nursing care if it becomes unavoidable. The major part of this conversation is an explanation of how someone who makes gifts within 5 years of needing care could be penalized before benefits are made available. […]

In meeting with clients to update their estate plans, I’ve found that their investments have often times moved to another financial advisor or they’ve opened new accounts. I’ve also noticed a number of my clients have sold their primary homes in the last year. In both of these situations, it’s important to make sure accounts

Thursday, June 11, 2015 at 6:00 p.m. Click on the attached flyer for more information. Seminar Flyer

While there are many reasons to have your business certified as a Minority Business Enterprise (“MBE”), the biggest benefit your company may gain is access to new accounts. Top companies in America have made it a priority to purchase goods and services from a diverse array of companies. In doing so, many of these businesses

It is rare that I see a buyer acquiring a business to just maintain that company’s current sales or market share. Arguably, by their nature, buyers want to purchase a business because of the potential it has to grow in some way (and gaining a larger geographic footprint is one of those main reasons). If

The snow and ice are gone, temperatures are creeping toward 70°, and school is nearly out. It’s time to start thinking about the cottage. Dreaming of putting the boat in the water. Or lounging with a good book on the beach. Or dreading the disputes with the neighbors over whose beach it is anyway and

I am impressed by the amount of families that have provided care to an aging family member in their own home. Although it takes a ton of time and coordination, these families have delayed the need for their aging loved one to leave home and seek assisted living or skilled nursing care. This is very

With a strong economy, there’s a lot of activity with selling and buying businesses. Sellers and buyers need to be aware of a number of different issues. A list of the top five I’m seeing lately are: 1. The seller and buyer should each designate someone to “quarterback” the process. This person needs to have

Mr. Baby Boomer worked hard his entire life and faithfully maxed out annual contributions to his individual retirement account (IRA). When he passed away, his daughter was devastated by the loss of her father, but thankful to inherit his IRA. Although her father didn’t know, she and her husband were going through major financial stress

I recently attended a forum for the Family Business Alliance and heard a startling fact about family businesses that is also apparently true in our area. 80% of local family businesses want to transition to the next generation. But, only 20% have a succession plan. This is problematic and in particular when family businesses make