The same tax deferral benefit enjoyed by contingency fee lawyers for years is now available for another group of professionals often looking for a sensible tax break: Business Brokers and Real Estate Agents. This is terrific news for any realtor or business broker who has always sought a way to safely and conveniently defer taxes on commissions they earn…
The once trusted and highly respected Johnson & Johnson name has taken some major image hits in the last 15 months according to a recent article. During this time, the $60 Billion company has voluntarily recalled over 50 products. In its cover story, Johnson & Johnson’s Quality Catastrophe, Bloomberg/ Businessweek highlights a number of the products…
As March Madness heads into its final rounds, it seems an appropriate time to share with clients the good news that NCAA cagers aren’t the only ones rebounding. According to A. M. Best, the life/health industry continues to recover from the financial crisis as evidenced by the improvement of key economic indicators. Among the highlights: Total admitted assets improved…
Among the many positive reasons parents, courts and plaintiff attorneys choose structured settlements when settling a minor’s injury claim, one of the most overlooked is the fact that it can shield the minor’s recovery from the dreaded Kiddie Tax. Faster than a child can grow from cradle to car keys, the Kiddie Tax can sneak up…
As reported today on Bloomberg.com, the British Orthopaedic Association and the British Hip Society issued a statement that the failure rate of the DePuy ASR XL Acetabular System is more than twice what was originally represented when the device was recalled in 2010. According to the article, nearly half of all patients who received the recalled device require…
And Why This Matters to Me Less than a year ago, I underwent bilateral total hip replacement surgery. It was one trip to the doctor’s I would have sooner avoided. But I had no choice and the surgery, fortunately, appears to have been successful. Then, just a few months out of the operating room, I learned of a…
You’ve spent a career laser focused on advocating for your clients. You’ve tried cases. You’ve negotiated settlements. But now you’re thinking it may be time to “hang up the laces,” hand the reigns over to someone else and head for the barn. Mixed metaphors aside, are you ready for this transition? Risk is inherent in the life of any…
Although it’s impossible to know who first ventured into culinary lore by slicing a loaf of bread instead of pulling it apart, historians pretty much agree that it wasn’t until July 7, 1928 when commercially produced, pre-sliced bread was first sold to the public from a bakery in Chillicothe, Missouri. So when former justice Jerry…
Much is being written about the worldwide recall of ASR hip implants manufactured by DePuy Companies, a division of Johnson & Johnson. According to attorneys at Walkup, Melodia, Kelly & Schoenberger, who filed the first DePuy ASR products liability lawsuit in the country, the manufacturers knew of the defect long before it recalled the device in August of…
Ernst & Young Analysis: “Longevity Risk” Increasing Finn Financial Group’s October, 2009 newsletter, Live Longer – Buy Annuities, featured research from a smattering of sources emphasizing the value and importance of annuities to one’s overall financial health. As part of our commitment to helping clients achieve lifetime financial stability, we wanted to pass along some…