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Glossary of estate planning terms
April / May 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 697
Abstract: Estate planning has a language of its own. While some may be familiar with common terms such as a will, a trust or an executor, they may not be as certain about others. This article provides a glossary of terms a person is likely to come across in his or her estate planning documents.
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Wrestling with the idea of a captive insurance program
March / April 2013
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 697
Abstract: Although eliminating the expense of insurance coverage isn’t a realistic option, contractors may be able to better control it by establishing a captive insurance program. This article explains how captive insurance works and the benefits — including tax advantages — that it can provide to some companies.
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Does say-on-pay create a Catch-22 for companies?
October / November 2011
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 697
Abstract: The “say-on-pay” provision in last year’s Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) requires companies to give shareholders a nonbinding “advisory” vote on compensation for top executives. But attempts to modify nonqualified deferred compensation arrangements may run afoul of Internal Revenue Code Section 409A. In fact, making changes to an executive’s nonqualified deferred compensation — even for legitimate business reasons — presents tax risks.
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Sanity check — When to use the excess earnings method
September / October 2011
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 697
Abstract: The IRS developed the excess earnings (or formula) method in the 1920s as a way to compensate breweries and distilleries for intangible value lost during the Prohibition era. Appraisers still use this method to value businesses in a variety of industries. This article outlines the fundamentals of the method and notes its benefits and pitfalls. The article points out that, while this method is rarely used as a sole method of valuation, it may provide a useful sanity check for other methods.
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How to protect your assets in a divorce
Summer 2009
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 697
Abstract: Divorce, one of life’s most stressful experiences, can drain one’s emotions — and bank account. Not only must divorcing dealers’ personal assets be divvied up, but their business interests also might be at stake. Fortunately, an accounting professional can help with the financial side of divorce. He or she will evaluate whether the dealer’s interest in the dealership is part of the marital estate, and whether state laws consider goodwill includible. The professional also will choose the best valuation approach to determine the dealership’s worth.
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Look for the silver lining – Financial crisis creates opportunities
Winter 2009
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 697
Abstract: The financial crisis has severely damaged many large banks — as well as economies around the globe. But for many community banks, this dark cloud may have a silver lining as opportunities arise for lending secured by single-family homes.