Funding Options for Key Person Life Insurance

Key person insurance can be an essential component of business continuation planning. The business, or the owners and key persons who are essential to operating the business, purchase these policies. If an owner or key person dies or becomes disabled, this insurance could help make up for lost sales or earnings, assist in satisfying the …

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Client Corner: Henry Hildreth, Hildreth’s Home Goods

Residence: Southampton Mission: America’s oldest and longest family-run, held and owned home essentials retailer at 51 Main Street Southampton, NY. Status: Celebrating 175 years in business, since 1842; Henry’s family, including his wife and children, are entering the business. Henry Hildreth was questioning whether he wanted to be the third-generation owner of Hildreth’s Home Goods. …

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Client Corner: Joe Densieski, Wastewater Works, Inc.

Name: Joe Densieski Residence: Riverhead Mission: To clean Long Island’s water of nitrates and other pollutants Status: Launching “green,” cost-effective home wastewater treatment system Partners: Hydro-Action Industries (manufacturer); Eco Supply Company (local distributor) Lifelong resident Joe Densieski remembers many childhood days of camping and swimming at East End beaches. His experience as a landscaper, excavator …

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New York State Paid Family Leave: The Facts

On July 19, 2017, New York State (NYS) released final implementing regulations confirming that employees who regularly work 20 hours or more each week will become eligible for NYS Paid Family Leave (PFL) after working 26 consecutive weeks for their covered employer. Employees who regularly work less than 20 hours per week become eligible on …

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