A captive insurance company is created to insure the risks of a specific business. Even though a business can transfer risk to an insurance carrier, exclusions in conventional insurance contracts often force business owners to absorb the hefty costs of a claim.  Fortunately, owning a captive can minimize or even eliminate these exclusions. To create a captive, an individual typically ...

By David Lockey Thought about making a practice shift toward something less stressful, but also less lucrative? What about taking an early or partial retirement? Ever wanted a second home, yacht or other expensive toy? Are you saving the right way for your children’s education? You’ve received plenty of advice about saving and investing for retirement, but there are other ...

Medical Tourism is defined as people crossing international borders for the purpose of receiving medical care. Traditionally people have moved to markets with greater expertise than available in their domestic markets, others by a desire to pay a lower price for care. Most sources reference prices in US dollars and site our country as having the highest relative prices. CDC.gov ...

As a faculty member of Massachusetts Continuing Legal Education (MCLE), I was recently asked to speak to a large group of attorneys about the ‘evolution’ of long-term care insurance. Clearly, since the emergence of the ‘modern’ mutual fund in the wake of the Revenue Act of 1978, few financial products have undergone such drastic change in such a short period ...

Understanding and using privatepooled income funds for retirement In our roles as tax, legal and financial advisors, we have encountered many clients who can be fairly classified as ‘reluctant’ charitable donors. To clarify, we frequently remind them that, when it comes to their ‘gross’ income and their consequent income tax obligation, there are only three choices: (1) Pay yourself; (2) ...

Almost 20 years ago, as a newly-minted prosecuting attorney in the district attorney’s office, I attended an educational workshop on effective witness cross-examination. The presenter was a 50-something year old, very accomplished litigation attorney from a major Boston law firm. In addition to the covering the fundamentals (such as: never ask a question to which you don’t know the answer), ...

Special Feature: The Physician’s Financial Health Series (As Published in the Southwest Edition 2015 Q1) By Ivan Oberon: Coast 2 Coast Investing Solutions/Bloomberg Radio There appears to be so many different types of investments these days and I believe that when determining what to invest your hard earned money into, everyone should consider those investments secured by real estate. An ...


The Surprising Versatility of Premium Financed Life Insurance If you are facing the challenge of paying high insurance premiums to protect your family’s financial future, you may want to consider the advantages of Premium Financed Life Insurance, a strategy that is new to many medical professionals. An increasing number of doctors each year are finding that a properly leveraged and ...

When asked to describe what their investment philosophy is, many investors will respond with an answer tied to their level of risk. Oh, I’m a gambler some might say. Or another may say, I don’t like a lot of risk, but I know I need to invest in the market. There are any numbers of answers that may come along ...

In Wyle E. Coyote fashion, at the bottom of the dreaded Fiscal Cliff at the end of 2012, sat a large (albeit metaphorical) trampoline that propelled many of our clients into higher income tax brackets at a frightening speed. While federal estate and gift taxes remained largely unchanged, income taxes increased dramatically. As such, if you have not had the ...