Sobel & Co. Points of Fact Newsletter - November, 2018 Edition

Greetings. Here are your Articles for November, 2018

Planning for Health and Healthcare*

Authored by:

Lisa D. Taylor, Esq., **

Inglesino, Webster, Wyciskala & Taylor, LLC

While effort and thought (and money) is often devoted to retirement preparation and planning, comparatively little effort or thought is given to planning for health care in advance of reaching the age of 65 (which is the age at which many people become eligible for Medicare) or in advance of retirement. The exception to the relative dearth of planning for health care is Medicaid planning, which generally consists of asset disposition strategies in order to facilitate Medicaid eligibility for receipt of long-term care services which this article will not address.

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** Founding Member, Inglesino, Webster, Wyciskala & Taylor, LLC, 600 Parsippany Road, Suite #204, Parsippany, NJ 07054, 973-947-7111, [email protected]. Ms. Taylor is Board Certified in Health Law by The Florida Bar and also licensed in New Jersey, New York, Pennsylvania, Tennessee and the District of Columbia.

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Marijuana Investments – Fraud Risks

Authored by:

Megan Kelly, CPA, CFE

Forensic Accounting/Litigation Services Group

Sobel & Co. LLC

New Jersey state legislators plan to vote on a bill by the end of 2018 that would legalize marijuana and lay the groundwork for a commercial weed industry in the state. The bill contains some of the following rules and regulations that would drastically alter the weed landscape in the state of New Jersey:

The bill would legalize possession and use of marijuana for people 21 and over.
Businesses with a marijuana retail license will be able to apply to have a weed consumption space on premises, if given local approval.
Businesses with a marijuana retail license will be able to request permission to deliver directly to consumers.
The proposed tax on marijuana will be 10 percent, which would be the lowest in the country.
The bill will also create a Cannabis Regulatory Commission, which will be the rule-making body of the New Jersey cannabis industry.
Twenty-five percent of licenses will be given to businesses owned by women, minorities, or veterans.

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What is Value?

Authored by

Frank Merenda, CVA, ASA, BCA, MSChE, MBA

Managing Director

Sobel Valuations, LLC

You hire an appraiser or an appraisal firm because you need to determine the value of an asset. However, without identification of the proper Standard of Value, the appraisal report may be useless for the purpose of the assignment.

The standard of value is the most critical criteria for an appraiser to determine the value of an asset. Along with the date of valuation, the standard of value sets the critical parameters in determining the value obtained in an appraisal assignment and fixes the use of that appraisal report.

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