This article originally appeared as a column for the Cleveland Jewish News. You may have heard the term “planned giving” before. Maybe you encountered it in fundraising materials for your favorite charity. Perhaps your estate lawyer or financial planner suggested it as an option for you, or you may have heard about it from a friend or colleague who has…
This article originally appeared as a column for the Cleveland Jewish News. Let’s face it: when planning for the future, we have a lot to think about. We plan for our children’s college educations by starting a college fund. We prepare for various possible issues by carrying medical insurance, and homeowners’ insurance and auto insurance. We plan for retirement by…
This article originally appeared as a column for the Cleveland Jewish News. The calendar year is swiftly coming to a close. Along with the lake effect snow and icy weather comes the annual last-minute push for Congress to renew expired tax breaks before the year ends and tax season gets into full swing. And, while there is always a push…
This article originally appeared as a column for the Cleveland Jewish News. Inheritances – or, more precisely, who gets them – serve as the plot device for many a movie. Imagine, if you will, two hopeful heirs to a large family fortune. One heir coerces the elderly, not altogether there, relative to revise his will in order to disinherit the…
This article originally appeared as a column for the Cleveland Jewish News. At the end of July, the Urban Institute released a report on delinquent debt in America, and the figures were rather astonishing. Using 2013 data obtained from TransUnion, the institute sought to study the nature of American consumer (non-mortgage) debt. What they found was that nearly 12 million…
This article originally appeared as a column for the Cleveland Jewish News. More women than ever before are starting companies and becoming small business owners. Depending on which source you are looking at, anywhere between 8 million and 10 million businesses in the United States are owned by women. Those businesses employ an estimated 7.9 million people, and generate revenues…
This article originally appeared as a column for the Cleveland Jewish News. In helping divorcing clients, we very frequently encounter marriages in which one spouse has been the primary breadwinner. Sometimes the other spouse has stayed home to raise the children, or perhaps works only part-time. Sometimes both spouses work full-time, but one of them is in a much higher…
This article originally appeared as a column for the Cleveland Jewish News. In December 2013, a California Lamborghini dealership made national news when it sold a Tesla Model S to a Florida buyer. The car’s value of about $103,000, while certainly unaffordable to the average car buyer, is not what made headlines though. What garnered such attention was the method…
This article originally appeared as a column for the Cleveland Jewish News. Are you starting a small business? If so, are you thinking of structuring it as a limited liability company or partnership? Are you hoping to incorporate your business? Are you forming an S-Corporation or a C-Corporation? Are you in business with some partners? Do you want to clarify…
This article originally appeared as a column for the Cleveland Jewish News. They say that the only certainties in life are death and taxes. And, while science continues to increase our average life span, it is difficult to argue with this basic precept. But, whether we are married or unmarried, whether we have a large family or no family, and…