News & Resources

A Real Estate Plan for 2022

Let’s start with the obvious, but often overlooked: Controlling your real estate in some form of ownership, especially in today’s restaurant market, is preferable to leasing. Control gives you the option of converting your investment into cash using a variety of tools, such as a sale-leaseback. More importantly, real estate can be a lucrative investment. […]

In Memoriam: Gerald Duffy

On January 29, 2022, we lost one of the most endearing figures in our firm’s storied history. Gerald Duffy, known by friends and colleagues alike as just “Gerry,” was with MMB for more than a decade, but the impact his presence had on our work, and on our culture, will never be forgotten. IN MEMORY […]

Anatomy of a Deal for 2022

Two words come to mind for the anatomy of a deal the last few years: flexibility and creativity. Those two words were the hallmark of deals completed during the height of the pandemic and are still appropriate for 2022 deals. Let’s look at some basic controlling factors affecting deal pricing. First, since deals are normally […]

Avoiding undue influence claims

A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you die. But if a family member challenges the plan, that purpose may be defeated. If the challenge is successful, a judge will decide who’ll inherit your property. Will contests and similar challenges often occur when […]

Can a charitable remainder trust achieve similar results as the formerly available “stretch” IRA?

The “stretch” IRA generally no longer exists. But if you have a substantial balance in a traditional IRA, a properly designed charitable remainder trust (CRT) can allow you to replicate many of its benefits. SECURE Act’s effects on stretch IRAs For years, a stretch IRA was an effective tool that allowed your children or other […]

Creative Compensation Techniques Your Business Should Consider

As we start the new year, I’ve been receiving a lot of questions about how companies can differentiate themselves in compensation planning. This afternoon I’ll be presenting a series of creative techniques to the Private Directors Association, the only national association dedicated to using governance strategies as a means of growing and sustaining private companies’ […]

Have you named contingent beneficiaries?

Although your will or revocable trust governs the distribution of many or most of your assets, certain assets — such as retirement plans, insurance policies, and bank or brokerage accounts — require you to name a beneficiary (or beneficiaries). This can be an advantage, because when you die, the funds can pass directly to your […]

What Did I Learn About Real Estate?

At the recent Restaurant Finance & Development Conference, I had the good fortune of moderating a real estate panel with three experts: Victor Calanog, a Moody’s economist renowned in the real estate sector; Glen Kunofsky, a sale/lease back expert; and Bill Lenehen, CEO of Four Corners Property Trust, a major restaurant real estate investment trust. […]