Everyone needs an estate plan, regardless of age, assets or family situation. At a minimum, you should create a legally valid will that dictates the disposition of your assets after death. However, many people should take estate planning to the next level and at least consider establishing a living — also known as a revocable —…
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Mobile Banking App Users: Beware Malware Scams
Mobile banking has been gaining in popularity, and the pandemic only intensified the interest. Many people are increasingly willing to use mobile banking apps to cash checks, transfer funds and perform various other tasks instead of visiting physical branches of their financial institutions. However, multinational cybersecurity firm Kaspersky notes that cybercriminals are targeting mobile banking users…
How Business Valuation Professionals Estimate Reasonable Compensation
Reasonable compensation is an issue that comes into play in divorce, shareholder disputes and tax cases. It’s also a common financial statement adjustment that valuators make when valuing a business. Although experts are often hired to make the calculations, business owners and attorneys should understand how they do it. Multiple Factors Valuators weigh a variety of factors…