■ Loans on Your Life Insurance. Your back is up against the wall, and you borrowed on your life insurance. Caveat Emptor –the loan can have some nasty tax consequences if the policy contract is terminated. The insured borrowed on the policy and did not pay interest on the loan until the loan balance and…
Summary: Economic volatility can be a boon and bust for your estate plan, and in particular for the trust funded on your death (whether under your will or a revocable trust). So if you’re not sure if your porridge, or the markets, will be hot, cold or just right, try the Goldilocks approach. Each…
Summary: Insurance is a key safety net for many. If your portfolio is down by 40%, your insurance may be even more vital. The economic meltdown has had profound impact on insurance coverage itself and the companies issuing your policies. NYC based insurance guru Lee Slavutin, of Stern Slavutin 2, Inc., offered the following…
Caution When Leaving. You don’t have to camp at Crystal Lake to get the ax. But if you do, read the fine print before using any of your old scripts. Review all the documents you signed with an employment attorney: employment agreement, firm manual, non-compete, etc. Have a lawyer review any termination agreement before you…