Advisory Articles
Who Will Run Your Business After You?
Posted by Timothy Bubar on July 16, 2020
There's nothing like a deadly global pandemic to remind us of our mortality. It's never too soon to begin thinking about what you would like to see happen to your business once you retire or are no longer able to run the company you built. The sooner you begin to plan, the greater the chances you'll reach your goal.
Collect Art? Make Sure Your Estate Plan Addresses It
Posted by Robert Ingrasci on July 16, 2020
For art collectors, it's critical that their estate plans address their collections separately from other types of assets. That's because there are special appraisal and documentation rules for art. Collectors also need to decide whether they want to sell, bequest or donate their collection. Donating can be an effective way to reduce capital gains and estate taxes.
Why Maintaining Payroll Records Remains an Absolute Must
Posted by Kathleen Strobele on July 16, 2020
As disruptive as it has been, the COVID-19 pandemic doesn't excuse employers from maintaining comprehensive payroll records. If a complaint triggers an EEOC or DOL investigation, you'll want to be ready with an employee file that can support your position.
IRS Issues Guidance on COVID-19 Distributions from Retirement Plans
Posted by D’Marie Murray on July 16, 2020
The IRS recently issued guidance related to coronavirus-related distributions allowed under the CARES Act. The guidance applies to qualified individuals, employers, and eligible retirement plans. It explains who qualifies to take an eligible distribution. It also includes relief to anyone who already took a required minimum distribution in 2020 from certain retirement accounts.
Family Wealth Planning in a Time of Uncertainty
Posted by Cheryl A. Jankowski on July 07, 2020
The full impact of COVID-19 is unknown. While we wait for questions to be answered many are asking what can we do right now? What’s next for our families? What's next for family businesses and the people who work for them? Planning for our future generations is the greatest gift we can give, particularly during times of uncertainty.
July 2020 Market and Economy Update
Posted by David Schlein on July 06, 2020
This July video provides an update and recounts the top events that have affected the market and economy in the last several weeks.
Using a Valuation Expert to Help with Chapter 11 Bankruptcy
Posted by William Allen on June 16, 2020
As a result of COVID-19, the number of businesses filing for bankruptcy is expected to skyrocket this summer. Here's an overview of the options under the U.S. Bankruptcy Code — and how a business valuation expert can be a valuable asset during this process.
Guardianship: Planning For Your Children’s Best Interests
Posted by Robert Ingrasci on June 11, 2020
If you haven't already named a guardian for your minor children, the COVID-19 pandemic may spur you to act. Should you and your spouse die or become incapacitated, you don't want to leave the decision up to a court. And what if you're seeking to become the guardian of a child?
COVID-19 FAQ: Insurance
Posted by on June 02, 2020
Here are answers to some of the most frequently asked questions for insurance organizations, along with relevant resources to help in their response to the pandemic and in planning for the future.
College Costs: How to Maximize Your Return on Investment
Posted by Jeffrey Budzinski on May 27, 2020
Many families view college as an investment in their children's futures, but the novel coronavirus (COVID-19) pandemic is causing families to reevaluate their options — and, in some cases, make major, life-altering changes. Here's an overview of how much it currently costs to pursue an undergraduate degree and strategies to consider to cut higher education costs during these uncertain times.