There will be a time when your client's customers will go through a rough patch and have the need to file for bankruptcy protection. Before filing, one of these customers may, out of loyalty or with an eye to the future, pay this client. But if your client receives this sum less than 90 days prior to the debtor's bankruptcy filing, this payment could be deemed a "preferential payment".
Long term care insurance is different from traditional medical care that is covered by an individual’s health insurance policy or Medicare, which is designed to rehabilitate or correct certain medical problems. Conversely, long term care insurance is intended to provide services to assist a person to maintain their level of functioning. Long term care services generally include, but are not limited to the following:
Buy Sell Agreement Remember when going into business with a friend or family member, the terms of the agreement was settled with a handshake, a “gentleman’s agreement”. Oh, how the world has changed.
College Financial Planning “Congratulations!” is the first sentence every high school senior prays to see when they tear open that envelope from their desired college. Upon acceptance the fun begins, finding a roommate, new student orientation, declaring a major, joining clubs and teams, but where is the money to pay for it all?
Pros and Cons to Private and Community Foundations By: Mark Ackerman, CPA For clients who have expressed the desire to use part of their wealth for philanthropic giving, the overwhelming vehicle used to accomplish this is to establish their own charitable foundation.
Travel With a Peace of Mind Going on vacation or a business trip is something we all look forward to, the planning the packing the mental checklist of: passport
End the Summer, Prepared for Fall In our last week of summer, it is important to prepare yourself and your finances for the year ahead. Summer is great, shorter work weeks, weekends spent on the golf course and relaxing by the pool.
Held Ransom by Your Email Remember when Bruce Willis starred in “Hostage”? Well if you don’t, let me tell you about it.
Spousal Benefits of Social Security There are many things we should know about Social Security. While the following is written from the perspective of a wife earning less than her spouse, the information here is the same for husbands who earn less than their spouse and may want to claim a spousal benefit.
