Archive | Newsletters

Duties of Stockholders of Close Corporations

Many smaller business owners elect to conduct their enterprise in the form of a corporation or limited liability company.  In doing so, they recognize the benefits this form of entity provides such as limited liability and perpetual existence, among others.  However, what may be underappreciated is the nature of the obligations and duties stockholders of close […]

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Employment Law Food for Thought

Running and growing a business is stressful enough in today’s economic environment without having to deal with personnel problems.  Don’t let the technical requirements relating to employees and your obligations to them create added stress.  There are several areas where sound planning and attention to detail can help business owners prevent many of the problems […]

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Some Thoughts About Estate Planning

Our office has had the pleasure of assisting thousands of clients in meeting their estate planning needs.  With proper planning, you can prevent unnecessary complications, delay and expense, and, perhaps most importantly, litigation over your estate.  There are numerous estate planning vehicles utilized by attorneys, but a will is usually the first document that comes […]

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Trusts

What is a trust? A trust is a separate legal entity for holding and investing property.  One or more persons (the “trustee”) holds property, usually real estate or investments, for the benefit of another or several other people (the “beneficiary”).  The person who gives the property for the trust is known as the “donor” or […]

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Making the Most of Your Retirement Benefits

The stock market growth of the past few years has added tremendous value to the retirement plans of many Americans and made it much easier to maintain their standard of living once they stop working. However, it has made one of the more difficult financial and legal planning decisions facing most Americans that much more […]

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The Probate Process

What is the Probate Process? Probate is the process by which a deceased person’s property, known as the “estate,” is passed to his or her heirs and legatees (people named in the will).  The entire process, supervised by the probate court, usually takes about a year.  However, substantial distributions from the estate can be made […]

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Estate Planning Terms

No one likes to think about one’s own death.  However, planning ahead can help your family avoid unnecessary complications, delay and expense.  This may be done through wills, trusts, joint ownership, and life insurance.  In addition, modern estate planning also includes “life” planning through powers of attorney and health care proxies.  These enable someone else […]

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Back to School Time

It’s that time of year where students head back to school.  If you’re like me and your oldest is heading off to college, you might want to take some time to familiarize yourself with FERPA.  FERPA is the Family Educational Rights and Privacy Act (FERPA) (20 U.S.C. § 1232g; 34 CFR Part 99).  It is […]

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Estate Planning – Estate Tax Marital Deduction

First, an explanation about why this letter discusses the estate tax marital deduction at all. Technically, the estate tax marital deduction is no longer available for 2010 because there is no estate tax, period, currently on the books for 2010. Consensus, however, is that this interim 2010 period with no estate tax will be repealed […]

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