M. Dutton and Associates

Risk clarification is the step in the life insurance underwriting process in which a company assesses and classifies an applicant’s risk of mortality.

A ”Complex Trust” is a trust that is to be distinguished from a simple trust in the fact that it permits accumulation or distribution of current income during the tax year and provides for charitable contributions.

There are many ways of going forward, but only one way of standing still. -Franklin D. Roosevelt

Capital Expenditures are ordinary and necessary costs incurred to place an item of property, plant, or equipment in its condition for intended use; such amounts are included in the asset account.