I just finished analyzing the 2010 financials from over 60 law firms across the country. Most of those law firm submitted financials last year. I’m putting the finishing touches on the spreadsheet all of the Members review together in a closed meeting at every Spring Summit. Interestingly, there are more law firms with an increase […]

Every advertising medium has natural advantages and inherent limitations. Let’s talk about two of the most popular; newspaper ads and direct mail. Consider newspaper if you are selling to a general market, because newspapers are generally bought by all segments of the population. Direct mail can be an easy and relatively inexpensive method of selling […]

In my last post, I talked a little bit about the learning curve that’s involved in using Skype for business related conversations. The thing to remember is that Skype not only challenges you to adapt your methods of doing things, there’s also a person on the other end of that online connection who may not […]

A recent Arizona bankruptcy court ruling indicates that now there might be even more reason to stretch an IRA. There have always been tax advantages to stretching an Inherited IRA – when a beneficiary takes only the minimum required distribution from an IRA each year, the impact of income taxes is minimized, and the remaining […]

We’ve all seen the pictures and watched the video coverage of the devastation wrought by the tornadoes that tore through the Southeast on April 27. As of May 2, the death toll stood at approximately 349, with hundreds missing. Thousands more are injured, homeless, or without power or adequate water. At times like this, we […]

When my grandmother passed away recently I was humbled to be asked to speak at the funeral. It was a rare honor to be able to eulogize someone who meant so much to me. As I prepared for the funeral, I was reminded how much my grandmother meant to me and how much she helped […]

A Member posted a great question recently… he has two offices and is brainstorming how to use Skype for initial consultations with clients. I, for one, am a huge fan of Skype. I use it to talk to my son in Iraq and to communicate with several of our offsite Academy employees. However, Skype tends […]

In the past, wealthy donors have been hesitant to use a Charitable Lead Trust as a tax planning option. In the past, the lifetime gift tax exclusion has been low. With a low exclusion, a Lead Trust has to be structured with a relatively high payout rate to ensure that the ultimate gift to the […]

Death and taxes are life’s two certainties. While they are both inevitable, Tax Day in April comes around every year. We get much more practice preparing our taxes than planning funerals or organizing memorial services. Tax Day has once again come and gone, and we know it will be back. Yet death and funerals happen […]

In my last post, I shared some of the strategies that have worked for me in choosing attorney subtenants, and in establishing my relationship with them. Today, I’ll give you a few suggestions for managing your relationship with your subtenants. It’s not a good idea to provide secretarial space or answer your subtenants’ phones, but […]