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Strategies for Transitioning the Business at Death or Disability

By |2019-04-11T08:42:13+00:00April 10th, 2019|Family, The Blog @JGUA|

By Alexander K. Ognenovski J.D.   Strategies for Transitioning the Business at Death or Disability. Buy-Sell Agreements – A Quick Overview: An arrangement, typically established for closely held corporations or partnerships. May name co-owners, family members, or third parties to take over or buy (at a pre-determined price) an owner’s interest in the business. May [...]

Transferring a Business during Owner’s Lifetime – What Are Your Options?

By |2019-04-04T09:34:42+00:00April 4th, 2019|The Blog @JGUA|

Transferring a Business during Owner’s Lifetime – What Are Your Options? By Alexander K. Ognenovski J.D.   Sale or Gift to Family Members. 1. Installment Sale: • Sale of stock in the business at a gain, where at least one payment is to be received after the year of sale. • Each installment payment includes [...]

THE SUCCESSION PLANNING PROCESS: AN OUTLINE.

By |2019-03-27T08:15:52+00:00March 27th, 2019|Financial Planning, Legacy, Retirement, The Blog @JGUA|

By Alexander K. Ognenovski J.D. THE SUCCESSION PLANNING PROCESS: AN OUTLINE. Safeguarding the future of your business and your family. The main goal is to design a plan that will meet the expectations and hopes of the business owner. Often the most important goals are to keep the business and family together. Therefore, it is [...]

“Being In the Know” as a Visitor to Equine Facilities in New York State

By |2019-03-22T15:46:47+00:00March 22nd, 2019|Wealth Off The Land|

Passed in 2017, The Safety in Agriculture Tourism Act (“The Act”) affects the liability of business owners and visitors to agriculture tourism destinations such as indoor and outdoor equine activities. In addition to limiting the business’s liability, The Act imposes duties and responsibilities on the visitors to these facilities. Who is a visitor? The Act [...]

“Being In the Know” as an Owner-Operator of Equine Facilities in New York State

By |2019-03-22T15:47:18+00:00March 22nd, 2019|Wealth Off The Land|

Passed in 2017, The Safety in Agriculture Tourism Act (“The Act”) affects the liability of agritourism business owners-operators and the visitors to these destinations, including those that offer indoor and outdoor equine activities. The Act limits the owner-operator’s liability provided they comply with the duties and responsibilities imposed on them. How does The Act limit [...]

Spousal IRA, An Empowering Financial Valentine’s Gift for the Stay-at-Home Spouse

By |2019-02-13T08:56:17+00:00February 7th, 2019|The Blog @JGUA|

By Cynthia Rivera, J.D.   A spousal Individual Retirement Account (IRA) may not be considered a traditional Valentine’s gift, but the work, planning, thought and care that goes into funding and growing a spousal IRA can be a testimony of present love and care now and for years to come. What I like about the spousal [...]

When It Comes to Succession Planning, Timing is Key

By |2019-02-13T08:56:27+00:00February 7th, 2019|Financial Planning, Retirement, The Blog @JGUA|

By Andrew Baron, CFP®   You have built a business. You have overcome obstacles and celebrated successes. With your continued efforts, your business has provided for your family and your employees alike. When considering the sale of your business, the timing can present complications affecting others both directly and indirectly. First, the timing of the sale [...]

Four Basic Components of Succession Planning on the Family Homestead

By |2019-02-05T14:57:00+00:00February 5th, 2019|Retirement, The Blog @JGUA, Wealth Off The Land|

By Sarah Collier, J.D.   Growing up on a small farm, I know all too well that farmers take pride in their hard work on the farm. It’s those memorable events like three generations working together to build a barn that are the reasons why the farmer wants the family homestead to pass from generation [...]

Part 2: Tips to Develop a Successful College Financial Strategy

By |2019-04-06T01:17:15+00:00February 4th, 2019|College Savings Strategies, Family, Financial Planning, Starting Out, The Blog @JGUA|

By Cynthia Rivera, J.D.   With today’s cost of a higher education, having insufficient funds to pay for college expenses is hardly an uncommon situation. In our previous article I discussed strategies that you may use when faced with the realization that the funds you dutifully invested over the years may not be enough to [...]

TOP 5 REASONS TO CONSIDER A ROTH IRA

By |2019-02-07T09:26:38+00:00January 28th, 2019|Retirement, The Blog @JGUA|

By Alex Ognenovski, J.D.   Key Points: Contributing to a Roth IRA gives you extra taxation-flexibility toward your retirement plan. The contributions to a Roth IRA are made on an after-tax basis, meaning you can withdraw your contributions at any time and any potential earnings can be withdrawn tax-free during retirement. You are not required to [...]