Insights

Funding a Small Business Succession Plan

Our blogposts have previously described the two key elements of a succession plan for a privately held company: putting a value on the business and finding the right successor. Even with those two ingredients, however, a succession plan can’t be considered a success...

The Paradox of Long-Term Care Insurance

Eyeing 21st century America rationally, long-term care (LTC) insurance would seem to be an idea whose time has come. Life expectancy is increasing, so more people will reach a point where they’ll decline physically or mentally and, thus, will require constant help....

Maximizing Medical Deductions

Under federal health insurance legislation, you’ll probably find it more difficult to claim medical expenses as itemized deductions on Schedule A of your tax return, beginning in 2013. You’ll get deductions only for expenses that exceed 10% of your adjusted gross...

Getting Started on a Succession Plan

As a successful business owner, you still may reach a point where life’s realities are at odds with your career. Your health might decline, making it more difficult to keep up the pace, or you may just be tired of working so hard and decide to step aside. Whatever the...

The Web and Legal Excellence

The Web has been a boon for the practice of the the Law, as well as for customers of legal services. But perhaps the best thing about the Internet in general for litigation concerns is not its encyclopedic amount of information on regulations, laws, legal precedence...

Diversify 529 Accounts

Total college savings assets in 529 accounts reached $168.5 billion by the end of 2012, up 16.7% for the year, reports Financial Research Corp. (FRC), Boston. Parents increasingly use these plans to fund future college costs because of the tax advantages. Any...