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California boasts the largest wine industry of any state in the country. California’s past success and bright future with respect to its wine industry is primarily the result of two factors. First, the wine growers in California implemented sustainable wine growing practices that meet current needs without compromising the livelihood and needs of future generations. Second, approximately 60% of California’s wineries are family owned and operated and have implemented family business succession...Read More...
By Karey Wutkowski
WASHINGTON (Reuters) - The federal agency that insures most U.S. bank deposits unveiled a plan to prevent about 1.5 million home mortgage foreclosures by promising to share any losses with mortgage companies that agree to refinance certain home loans.
The agency, the Federal Deposit Insurance Corp, said on Friday the plan would cost the government about $24.4 billion, which could be paid from the U.S. Treasury's $700 billion bailout program for the financial industry.
So far, most of the money in the bailout program, the Troubled Asset Relief Program, or TARP, has been injected as capital into banks.
FDIC Chairman Sheila Bair, who spent...Read More...
It is estimated that one in five families have a “special needs” member.
Parents with a special needs child worry most about what will happen to that child when they are no longer able to care for him or her. If the family is fortunate enough to own a business, planning for the child’s life after the parent’s death can become complicated.
Michigan Film Discussion Planned for November 5 in Charlevoix
(NORTHERN MICHIGAN | October 27, 2008) – Film producers from all over the United States are looking to Michigan as a prime venue for their upcoming projects, thanks to 40% tax incentives introduced back in April. Securing the projects is just half the battle, however. The success or failure of this program lies within the communities of Michigan who must be able to provide goods and services, with an unparalleled level of expertise, teamwork and communication.
On Wednesday, November 5, a group of concerned individuals with ties to the film industry – known collectively as the Northern Michigan Film & Media...Read More...
Dan Penning Commentary:
The facts and circumstances of the Kennedy case as discussed below in the quoted Detroit Free Press article, represents an oversight and mistake made far too often by divorced individuals who maintain retirement plans. Far too often, divorced individuals do not pay attention to the various beneficiary designations that may be present on their retirement plans. The husband’s divorce attorney in the Kennedy case should have advised his client to remove his ex-wife as the beneficiary of the husband’s retirement account. Based on the fact that the individuals were divorced, no consent form would have been required under federal law for the...Read More...