Business

U.S. Dept. of Health and Human Services offers insights into Long Term Care:

Column by SUE HOFMANN

Consumers may hear many confusing statements regarding the topic of long term care, both published in the public domain and repeated by misinformed individuals. Over the next few weeks, I will be submitting a series of columns containing accurate information provided by the U.S. Department of Health and Human Services, website https:////longtermcare.gov. I encourage you to watch for and read these informative columns.

The LTC Basics #6:

Who pays for Long Term Care? 

The facts may surprise Read More

What is EBITDA

What is EBITDA? Pronouned ē-bi-da or i-bi-da. If you watch or listen to any of the business channels or radio stations you will hear the analysts discuss a company’s EBITDA as a performance measure, a cash flow measure or even use it occasionally as a valuation tool.

Either way, EBITDA is not just for large companies or corporate analysts, it is used every day by our local lending institutions when evaluating your company for new or existing loans. Simply stated, EBITDA measures the operating performance of your company with certain limitations. 

EBITDA Read More

Change: When is it a metamorphic one? And when is it an inevitable evolutionary step?  — Part II

By ELENA YANG

“To make changes, we can either change the metaphor or the context in which the metaphor is embedded. To change metaphor is about changing the descriptor; to change context, we totally alter the meanings attached to the descriptor.”  — Kenwyn Smith

We often use metaphors borrowed from military context to describe organizations, such as “authority,” “subordinate-superior,” “hierarchy,” etc. Let’s for the moment focus on “superior-subordinate” categories. Read More

U.S. Dept. of Health and Human Services offers insights into Long Term Care:

Column by SUE HOFMANN

Consumers may hear many confusing statements regarding the topic of long term care, both published in the public domain and repeated by misinformed individuals. Over the next few weeks, I will be submitting a series of columns containing accurate information provided by the U.S. Department of Health and Human Services, website https:////longtermcare.gov. I encourage you to watch for and read these informative columns.

The LTC Basics #5:   

Where can you receive Long Term Read More

Trustee: Corporate v. Individual

You have met with your attorney and discussed your estate planning needs. You have decided that you do want a trust. If you create what is commonly known as a revocable living trust, regardless of the trust provisions, the next big question is once you can no longer act as trustee whether due to death or incapacitation, who should be successor trustee? 

A trustee is a fiduciary who is obligated to the trust beneficiaries as the trustee manages and controls the trust assets. Fiduciary duties confer specific legal responsibilities Read More