This article originally appeared as a column for the Cleveland Jewish News. Tax day is just around the corner, again. Whether you hire an accountant or prepare your own returns using one of the many available software programs, or even if you do it by hand, if you itemize your deductions you will want to compile a list of your…
This article originally appeared as a column for the Cleveland Jewish News. Clients come in all the time with questions about how title affects ownership and access to bank accounts. Maybe an account is jointly held among spouses. Maybe a spouse is named on an account with a parent. Or, perhaps someone is on an account with a child. Maybe…
This article originally appeared as a column for the Cleveland Jewish News. When we think about life care planning, we think about many aspects of aging. Obviously, financial planning is important. A retirement plan will help to ensure income into the future. A will can ensure that your estate is passed to your heirs in the way you want it…
This article originally appeared as a column for the Cleveland Jewish News. To be sure, these are uncertain times. Of course, presidential elections always bring uncertainty and, without a doubt, the new administration will be different than the last, even if policy specifics aren’t clear at this point. But one thing remains clear: whether your preferred candidate just won or…
This article originally appeared as a column for the Cleveland Jewish News. Just the other day I received a telephone call soliciting a donation for what sounded to be a worthy cause. I hadn’t heard of the organization before. So, I did the prudent thing and asked for more information so that I could look into it and make an…
This article originally appeared as a column for the Cleveland Jewish News. There is much confusion about inheritances and the various taxes due on them. Contrary to popular belief, not every estate/inheritance will be taxable. In fact, most won’t, and it’s a common misperception – based largely on old, outdated rules – that significant portions of any inheritance will go…
This article originally appeared as a column for the Cleveland Jewish News. Perhaps you have heard of terms like “S-Corporation,” “C-Corporation,” “limited liability company,” and “limited partnership.” This is by no means an exhaustive list, but these are examples of some the various types of separate entities under which your business can be organized. An attorney – or perhaps a…
This article originally appeared as a column for the Cleveland Jewish News. It’s 2016 and it seems that online banking is here to stay. After all, the majority of adults in the United States own mobile phones, and more than three-quarters of those are internet-enabled smartphones. Since 2011 when the Federal Reserve System board of governors began tracking such things,…
This article originally appeared as a column for the Cleveland Jewish News. Ah, wedding season! Love is in the air! You’ve found the perfect clothes. You’ve found the perfect venue. You’ve designed your chuppah, refined your guest list, and made your meal selections. Only one thing left: sign the prenuptial agreement. Or should you? While often associated with high net…
This article originally appeared as a column for the Cleveland Jewish News. Most people prefer to direct their philanthropic dollars toward an existing organization that is dedicated to the cause of his or her choice. And, there is a very good chance your preferred cause is being serviced by at least one – and maybe many – organizations. GuideStar, perhaps…