Archives for May 2020

Process Outline - Estate Planning Take a trip together with your spouse to contemplate the following actions and establish the basic plan:Remember, in a properly planned estate a couple can give away during their lifetime or at passing over $10,000,000 without incurring any gift or estate tax.Do you wish to pass assets during your life time?To Charity?To heirs? Establish living … [Read more...] about Preparing or Tuning an Estate Plan

Webster’s defines Succession in this way, among others: “The order in which, or the conditions under which, one person after another succeeds to a property, dignity, title or throne.” Most of us have been involved in some type of succession process, either when we are planning our careers, seek or obtain a promotion at work or inherit property from relatives. So, most of us know what … [Read more...] about Succession Planning

Embezzlement Worries? No? Well, you should have. All businesses should be worried about becoming victims of some fraudster. This is especially true for owners of small businesses that rely on staff and employees to invoice customers; deposit funds; process payroll; receive and ship merchandise or prepare financial statements. The Association of Certified Fraud Examiners’ annual report … [Read more...] about Business Fraud

While it doesn’t happen very often with non-retail tradespersons, occasionally we find ourselves with a piece of currency that looks a little odd. Did you ever wonder how to identify whether it was actually a counterfeit bill? Here’s the procedures the professionals use to identify if they have been had! Unless you have Superman’s eyes use a magnifying glass or loupe to perform these … [Read more...] about Reading Fake Money

As financial forensic accountants in over 200 marital dissolutions over the last 15 years, the experts at Heberger & Company have concluded that there really is such a thing as an "intelligent divorce." In fact, clients who have been able to achieve an intelligent divorce share eight common, and beneficial, traits: They educate themselves about the divorce process, California Family Code … [Read more...] about 8 Tips for Assuring an ‘Intelligent Divorce’

Most of us know or have a feeling about which parts of our community to stay away from due to their actual or perceived crime rates. Our knowledge about those areas and our instincts lead us to naturally avoid the “bad areas.” However, when it comes to avoiding crimes involving theft of our identities, we are usually clueless. Sometimes, we even make it easy for the identity thieves to turn us … [Read more...] about Smart Ways About Protecting Yourself from Identity Theft

Most Moms and Dads, being kind and generous, leave all, or most, of their physical assets to their children; pro-rata, share and share alike. They also usually leave a profound desire that the children get along with one another and be happy siblings. But this latter expectation, more often than not, turns out to be a fairly-tale. Why? Because, while the children may get equal assets, they are … [Read more...] about Bad Estate Planning