The Bill & Melinda Gates Foundation is the largest and arguably the best-known private foundation in the United States. While not everyone who creates a successful foundation will be like the Gateses, the couple can be a useful model when deciding whether a private foundation meets your charitable goals.
As an investor, what should you look for when considering a private equity investment? Many of the same things we do when considering it on a client’s behalf.
Employment contracts and prenuptial agreements have something in common: We are often reluctant to discuss them amid the excitement of a new relationship, but they can save a lot of conflict and expense if things don’t work out as we hope.
‘Be Careful What You Wish For,’ Tax Court Tells Petitioner. Not much went right in the Great Recession year of 2009 for Thomas W. Alexander, an electrical contractor whose big customer fell on hard times. Short of cash, the general contractor offered Alexander an IOU secured by a house, but Alexander had to come up with $36,000 to keep the house out of foreclosure. The electrician tried to get a […]
Smart business owners know the importance of keeping good records. The Affordable Care Act has created one more incentive for employers to keep abreast of sometimes complicated reporting requirements, by requiring them to provide information about company-provided health care to both their employees and the government.
No one wants to face the possibility that their compensation may be clawed back. The complex tax aspects of the situation only serve to rub more salt in the wound.
Dividing some assets is a simple matter of math. Other assets, however, seem to pose as large a problem as the baby in the legend of King Solomon. Family farms, like that infant, are often both beloved and challenging to divide. For those who have poured years of work into a family farm or similar land-based business, the question of how to pass it on may seem a matter of […]
Investors who are wondering when it’s safe to get back into bonds have one thing going for them: They recognize a real risk that many don’t. But the question still heads down the wrong path. Generalizations about the timing of getting into and out of asset classes are rarely accurate, and they distract from the more productive goal of focusing on what you can do to maintain your long-term financial […]
The job market is still slowly recovering from the Great Recession, and even under easier circumstances, few people enjoy job hunting. Receiving a job offer about which you are excited often means that you hurry to accept. As an employee, however, you are responsible for seeing that you and your employer are on the same page about job duties, compensation, benefits and the other parameters of the job. If an […]
A Deferred Annuity Makes Taxable Estate Assets Disappear. Virginia Kite, a member of a prominent Oklahoma banking family, transferred substantial wealth in trust for her husband, a petroleum geologist who predeceased her. That wealth returned to her via several trusts after his death. At age 75, Kite then sold her trust interests to her children in exchange for a large deferred annuity that would not begin making payments for 10 […]