Business News

What Happens When You Don’t Fund Your Trust?
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What Happens When You Don’t Fund Your Trust?

After you work with your estate planning attorney to draft a carefully tailored estate plan, it is usually your responsibility to “fund” the trust.

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What does funding the trust mean?

Funding the trust is simply transferring assets into your trust.

If you have a trust, you will want to put your assets into the trust, by retitling bank accounts, re-designating beneficiaries of life insurance, etc. We walk our clients through

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3 Things You Should Know About Irrevocable Trusts
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3 Things You Should Know About Irrevocable Trusts

A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death.

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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.

A second thing that you should know about irrevocable trusts is that they have significant advantages, and

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Station House Tavern & Sports Bar reopening in Manheim Twp. with new operator | What’s in store
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Station House Tavern & Sports Bar reopening in Manheim Twp. with new operator | What’s in store

A Manheim Township sports bar that has been closed since the beginning of the pandemic in March 2020 is reopening next with a new operator.

The Station House Tavern & Sports Bar at 1335 Fruitville Pike, which is slated to reopen Friday, March 10, will maintain its décor and sports theme under Kayla Pagan, a longtime restaurant business worker who comes from a family of restaurateurs.

To prepare for the opening, Pagan said he had freshened up The Station House and added some menu items but otherwise maintained the sports theme of the 125-seat restaurant. Pagan’s grandfather, Luis Pagan, once

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Legal Documents for Your Graduating Senior
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Legal Documents for Your Graduating Senior

If you are a parent with a child who will graduate from high school soon, now is a good time to start planning what documents the child will need moving forward.

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If you have a child who recently turned 18, you need to start thinking about the potential legal implications and how best to protect your child’s interests. Estate planning is not always about planning for death, but it is

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Is Your Practice Fraudulently Billing?
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Is Your Practice Fraudulently Billing?

Most of our clients would obviously answer ‘no’, however, some providers are submitting bills incorrectly and could be subjecting themselves to hefty fines.

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Recently, a Florida Cardiology group and 10 of its physicians agreed to pay $2 million to settle False Claims Act allegations.

According to the settlement, the group submitted inflated claims to Medicare and Medicaid and billed for services while they were outside of the United States.

Whistleblowers

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Are You Prepared for Russian Ransomware?
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Are You Prepared for Russian Ransomware?

Recently, a health network in Pennsylvania was hacked by a Russian ransomware gang called BlackCat.

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BlackCat attacked a physician practice in Pennsylvania, but did not disrupt healthcare operations.

A ransomware payment was demanded, but refused by the healthcare system.

Sensitive information was accessed and the health system revealed the attack itself.

Is your practice prepared for a potential attack?

Does your staff know how to respond to a demand for

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MY BIZ: Coralville tech company aims to make ‘a safer world’
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MY BIZ: Coralville tech company aims to make ‘a safer world’

This IntelliSee example alert demonstrates how the artificial intelligence platform warns users of a weapon in a building. The Coralville-based company, which began selling the AI ​​platform in 2022, monitors existing surveillance cameras 24/7/365 to warn of hazards. (IntelliSee)

CORALVILLE — Is there a way to make schools and hospitals safer?

That was the question that led to the creation of IntelliSee, a real-time platform that uses artificial intelligence to monitor existing surveillance cameras and alert clients to potential problems.

“We have the audacity to think we can make the world safer,” said Scott Ketlinger, the Coralville-based company’s CEO, investor

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How Can I Preserve Wealth for Future Generations?
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How Can I Preserve Wealth for Future Generations?

Some of our clients are interested in preserving wealth for future generations, and in that instance, we sometimes recommend starting a family bank.

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A family bank is an estate planning tactic to help preserve wealth for generations to come. They can be structured in a variety of ways to meet that family’s needs, however, they are intended to help benefit a group of family members.

If our clients give their

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