by Bryan Lane Berson, Esq. Download PDF: Refinancing Mortgages A. Why Do Borrowers Refinance? When you refinance a mortgage, you replace your current mortgage with a new one that has a different interest rate, maturity, or both. People refinance for a variety of reasons. They may want to – reduce their interest rate or monthly […]

by Bryan Lane Berson, Esq. Procurement is the process by which the federal government acquires goods and services for military and civilian use. To procure products, the government’s executive agencies use the Federal Acquisition Regulation system (FAR). It is a uniform code of policies that applies to all acquisitions with funds appropriated by Congress. The […]

by Bryan Lane Berson, Esq. A. What is a Security Deposit? A security deposit is a tenant’s cash that a landlord holds during the rental term to offset potential damages caused by the tenant. It is not rent. A landlord need not apply it to the tenant’s last month’s rent. The tenant must still pay […]

by Bryan Lane Berson, Esq. Last month’s column explored one of Peter Drucker’s masterworks, The Effective Executive. This column analyzes additional insights to improve organizational effectiveness. Drucker noted that poor job design impedes effectiveness. Jobs that defeat multiple executives in succession should probably be redesigned. Organizations should not have to recruit superheroes. Good processes enable […]

by Bryan Lane Berson, Esq.  A. The Difference between Reverse and Forward Mortgages A reverse mortgage is a loan secured by your home. It is a source of funds for homeowners who are 62 or older and who meet certain conditions. Under the terms of a typical reverse mortgage, a borrower’s debt increases and equity […]

by Bryan L. Berson, Esq. Peter Drucker (1909-2005) was among the most insightful managerial consultants and scholars of the 20th Century. While most management books focus on managing others, Drucker’s The Effective Executive focuses on managing oneself. To Drucker, effectiveness means accomplishing the right things. In spite of what the financial press portrays, executives are […]

by Bryan Lane Berson, Esq. Disability of a key executive can destroy a business. Disability of any worker can strain a family. Before age 65, one is much more likely to suffer a long-term disability (“LTD”) for six months or longer than one is to die. Fortunately, this risk can be insured. A company or […]