Reverse Mortgages are a tricky subject. No one wants to discuss them, and yet, for some it can be an excellent solution. The Elder’s heirs might not appreciate it much, but it can be a life-saver. Kind of reminds us of that bumper sticker you see on the back of […]
Accounting
Divorce – Eight Landmines to Avoid in Business Valuations
Whether attacking or defending your expert’s business valuation in a divorce trial, it is important to know and avoid the eight landmines that can blow up your case: Reasonable Owner’s Compensation – A business valuation usually requires the expert to make adjustments to the subject company’s income statement. This process […]
Pros and Cons of Inheritance Funding
Inheritance funding refers to a strategy used by heirs entitled to inheritance property which is held in probate court. Probate is required to settle decedent estates. The process can last several months; causing inheritance assets to depreciate in value. When decedents owe outstanding debts there is a chance assets may […]
When Bankruptcy Is Not An Option
The purpose of a discharge is to “release an honest debtor from his financial burdens and to facilitate the debtor’s unencumbered `fresh start’”. In re Pelkowski, 990 F.2d 737, 744 (3d Cir.1993) (citing Kokoszka v. Belford, 417 U.S. 642, 645-46, 94 S.Ct. 2431, 2433-34, 41 L.Ed.2d 374 (1974)). The general […]
The Benefits To Playing Cashflow 101
Earned This is your full time 9 – 5 job Passive – This is from investments like rental properties or small businesses Portfolio – This is from paper asset investments like stocks and options. In school we all learned how to do number 1. In Cashflow 101 you learn how […]
New Year, New Rules: Estate Tax and Asset Protection 2011
As we begin 2011, there is much uncertainty in the areas of both estate planning and asset protection. For much of 2010, we expected 2011 to greet us with a 55 percent estate tax on all assets over $1 million. Toward the end of 2010, President Obama gave in to […]
The Greatest Assets A Parent Can Give To A Child
Bringing up a child that will become useful to the society is the dream and wish of every parent. Some parents have succeeded in achieving this; I mean Barack Obama was the child of someone who did his job well. Some have not succeeded not because they didn’t try, but […]
The Impact of Structured Finance on the Ghanaian Financial Services Industry in the Next 10 Years
A Company can issue bonds to investors secured on the future profits expected to arise from part of its existing life business. When a pool of financial assets (such as car finance, home or commercial mortgages, corporate loans,royalties, leases, non-performing receivables, and contractually pledged operating revenues) are structured and transferred […]