To select among individual investments, whether conventional or alternative, you need to evaluate the specific merits of each and filter down to one that makes sense for you. This process is especially important when choosing alternative investments, which are among the most complicated asset classes in modern investing. Proper selection [...] Read more »
Understand The “Time Element” In Property Insurance
Property insurance can be pretty straightforward, but few professionals have mastered the fine points of insuring against the loss of business income (and/or the addition of extra expenses) that occurs after direct damage to property. Many insurance practitioners agents/brokers, risk managers/commercial insurance buyers, claims adjusters misunderstand how these programs are [...] Read more »
Elder Law Attorneys Can Help Humanize The Future Of Health Care
As an elder law attorney I guide clients through the maze of the senior chronic care system to help marshal all possible resources to provide the best care possible and at the same time preserve some of their life savings. In addition, many elder law attorneys provide planning advice for [...] Read more »
Tax Aspects Of Life Settlement Arrangements
Every day 30,000 people turn 65. Over 85% of universal life insurance policies and over 95% of term life insurance policies do not end up in a death benefit getting paid. Life settlement arrangements allow a policy owner over age 65 who no longer needs the insurance coverage to get [...] Read more »
Why Adopt Fixed, Value-Based Pricing Now?
In all my years of practice, I have never had a client say, “I’d like to buy ten six-minute increments of your time, please” and I have never met an attorney who did. That being said, it is a wonder that since the late 1950’s the legal profession has adopted [...] Read more »
Is It Time To Sell Your Law Firm, Or Buy Another?
This past year the global financial crisis has created fear and confusion for countless people. Lawyers, like many others, suddenly have seen nest eggs shrink dramatically and fear outliving their money if they don’t continue working. Driven by fear, many lawyers want to know how to value and sell their [...] Read more »
Philanthropy Is A Difficult Estate Planning Subject To Broach
In the words of John Steinbeck, “No one wants advice, only corroboration.” This is especially true when discussing philanthropy with clients, particularly with those seemingly content to continue deferring philanthropic pursuits indefinitely. It is hard for some of us to imagine discussing philanthropy with clients without pulling out our hefty [...] Read more »
Ensure Sufficient Retirement Income
In my last article I reviewed the “rule of 25” as a means of calculating how much retirement income you will need to live a good life in retirement. It’s a handy rule, but it doesn’t take into account two important factors: inflation, which may increase the amount of retirement [...] Read more »