Category - Mistakes to Avoid

Estate planning mistakes can be expensive to fix.

February 26, 2018

… — that is, when they can be fixed at all. This is the introduction to an article that I saw online today from Liz Weston, titled “Should you do your estate plan?”  I agree with the premise of the article.  Sadly, it is all too often the case that estate planning mistakes made by […]

Read more >

You don’t know what you don’t know.

February 23, 2018

This is true for all of us in many areas of our life and concerning a good many subjects. Consider a hypothetical situation where a man walks into his accountant’s office to ask a few questions.  (Hopefully, that man was courteous enough to make an appointment, rather than just dropping in.)  This gentleman owns a small […]

Read more >

The value of expertise–a recurring theme

January 2, 2018

The cost of screws and a metal plate is not the proper test of value for a surgical procedure. This is not a new subject. Rather, it is a repeated theme. There seems to be a common disconnect between experience and expertise on the one hand and price and value on the other hand–at least […]

Read more >

Should you get your own captive insurance company?

December 12, 2017

Captive insurance has been around for a while, but micro-captive insurance structures are more recent in their invention and application. As with any other financial planning vehicle generally, and insurance product in particular, whether or not something is right in a certain circumstance greatly depends on said circumstance. In other words, despite what a very

Read more >

Oakley sunglasses and related life lessons

June 2, 2017

I once paid a lot of money for Oakley sunglasses. At the time, it seemed like a foolish purchase. However, those sunglasses have proven to be perhaps the best investment I have made. There are important life lessons related to my Oakley sunglasses. I never told my wife how much I spent on those sunglasses, so I’m […]

Read more >

Should you update your trust?

February 14, 2017

If you already have a trust, you should be commended for your wise planning. However, as time passes and laws change, it makes sense to review and update your trust to ensure that it remains consistent with your goals. I spend a significant amount of my time each week reviewing legal documents drafted by other attorneys (and sometimes […]

Read more >

You have enough time (we all do)

February 2, 2017

We tend to find time (i.e. make time) for things we value. That which we consider important gets our attention (and time), often at the expense of other stuff. I have been doing a lot of business travel lately and in the course of those travels, I was reminded of the resource of TED talks. […]

Read more >

Single Member LLC–what, why and when?

December 30, 2016

What is a single member LLC and why would you want one? We have previously written a fair amount on LLCs generally, including what they are and why they can be useful legal entities. This post will focus on single member limited liability companies. As the name indicates, a single member LLC has one owner–and […]

Read more >

The value of knowledge and experience in all areas of life

September 8, 2016

Do you and I appreciate the importance of experience and expertise? In this internet age, it is quite easy for us to believe that Google can make us an expert on just about anything. While I am as much a fan of Google and other internet resources as the next person, I see quite often the […]

Read more >

Buy-Sell Agreements: Mistakes to Avoid (Part 2)

August 27, 2016

A buy-sell agreement can provide essential protections for business owners. Don’t take my word for it, listen to the contributing writers at Though this article is not new, the applicability of the February 2011 article by Robert W. Wood, titled “In Business, Get a Buy-Sell Agreement!” has not changed. You can click here to […]

Read more >