by Jason M. Gordon | Feb 23, 2025 | Consumer Protection
What is the Consumer Advisory Council? CAC was primarily created to provide a piece of responsive and driven advice needed to plan, implement, evaluate the activities carried out through the Assistive Technology (AT) Act. CAC serves as a consumers’ spokesperson...
by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts
What is an Irrevocable Income-Only Trust? An irrevocable income-only trust is an estate planning tool used for Medicaid planning. It allows donors to protect their assets from being auctioned to pay for nursing home care expenses. This way, the assets can be...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is Business Interruption Insurance? Business interruption insurance is a type of insurance coverage that takes care of business’ income loss in case of a natural disaster. It compensates for the business’ revenue loss as a result of a calamity. When a...
by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is a Breakup Fee?A breakup fee is sometimes called a termination fee, this is a fee (penalty) used in takeover agreements, otherwise known as mergers and acquisitions. A breakup fee is paid by a seller to the buyer when he backs out of the agreement to sell to...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is Clean Sheeting? Clean sheeting is an illegal practice in insurance whereby an individual purchases a life insurance policy without discussing the pre-existing medical condition with the insurer. Clean sheeting is often done with the help of a third party which...
