Financial 2nd Opinions

[...] Are Fiduciaries in Breach For Not Recognizing Systemic Risk Threat? IT IS TIME TO MINIMIZE ALL PORTFOLIO RISKS! By J. Ben Vernazza CPA/PFS TEP emeritus So [...]

[...] the present (discounted) value of the annuity payments would be included as an asset in a solvency analysis. Where the trust allows for the deferral of any payments to be made up at a future date, the [...]

[...] where there is a lack of fair value given in exchange for the property. An Example of a Solvency Analysis While a Client may think he couldn’t possibly be insolvent, an insolvency analysis might [...]

[...] Know if Your Client is Solvent? (Part I blog and Part II Checklist for accountants) Why a solvency calculation is so important for non-profits (NPs) If a donor is not solvent after making a large gift [...]

[...] with the local client accountant. NOTE TO PLANNING TEAM: This is not the only use of a solvency calculation. If a client is in difficult financial condition and the future is unknown and unsettled [...]

[...] as zero. If the partnership interest is not transferable it should be valued at zero for solvency purposes. This is an item that needs be reviewed and passed on by counsel. l. Property held in trust [...]

[...] where common sense would say the person had an adequate net worth, but not for solvency purposes!) Several states have taken action to change their state laws to try to minimize the [...]

[...] some large donors. Immediately, I thought of my last blog to attorneys, bankers, CPAs, and financial advisers entitled: Do You Know if Your Client is Solvent? (Part I blog and Part II Checklist for [...]

[...] moving their residence and abode to a state with favorable exemptions. Accountants and financial advisers need to rely on the legal experts in this field when, as sometimes is the case, they are [...]

[...] 318 N. Carson Street, Suite 208 Carson City NV 89701 Phone 831-688-6000 Recent Posts Solvency Analysis Checklist Are You Really Sure Your Client Is Solvent? (Part I) Categories For Attorneys For CPAs [...]

[...] post Solvency Analysis Checklist appeared first on SECOND OPINIONS FOR CRITICAL FINANCIAL DECISIONS. [...]

[...] By J. Ben Vernazza CPA/PFS TEP (U.K.) emeritus, © 1999-2014 STOP! Before Your clients Transfer Assets out of Their [...]

[...] Not Recognizing Systemic Risk Threat? IT IS TIME TO MINIMIZE ALL PORTFOLIO RISKS! By J. Ben Vernazza CPA/PFS TEP emeritus So here we are with the Sovereign debt bubble getting bigger and bigger. . . [...]

[...] or asset protection planning purposes. This would include any planned conversions of non-exempt assets (like listed securities) into exempt assets – like an interest in an insurance product. The [...]

[...] assets, liabilities and net worth, while being seriously insolvent after eliminating all exempt assets and after including all contingent debts. Asset protection planning, estate planning and even [...]

[...] of a Solvency Analysis While a Client may think he couldn’t possibly be insolvent, an insolvency analysis might result in a huge surprise. For example, assume the Client has $4 ½ million in assets [...]

[...] to the process of computing solvency? What follows is a suggested checklist in making an insolvency analysis for your Client. Always make the calculation with guidance from a qualified lawyer in the [...]

[...] are smarter than you!” Ben did and still does. The Importance of Accountants in Overcoming Fraudulent Transfer Attacks by Creditors All of the books and articles about asset protection emphasize the [...]

[...] Really Sure Your Client is Solvent?” — The Importance of Accountants in Overcoming Fraudulent Transfer Attacks by Creditors How do the diverse rules (see my previous blog for PART 1) [...]