A recent article in the New York Post about brothers battling over a painting from their uncle’s estate is a reminder about how important it is to designate a destination for your personal property, either through a will or by gifting while you are still alive, in...
If there was ever a Catch-22 situation for business owners, it’s this: most don’t take legal steps needed to protect their wealth until it’s threatened by a creditor or lawsuit – and by then, it’s too late to implement effective asset protection...
President Obama recently signed a presidential memorandum suggesting that the U.S. Department of Labor (DOL) propose new rules regarding employee overtime exemption regulations for white collar workers under the Fair Labor Standards Act (FLSA). The Presidential...
An estate plan isn’t something you create and forget about once it’s done. If you’ve read any of our articles regarding actors and their trusts then you know how important it is to update your plan. Your life is constantly changing, your assets change, and laws...
As you may know, renowned award-winning actor Philip Seymour Hoffman passed away in early February 2014 leaving behind three children and his long-time girlfriend. What you may not know is that he also left behind an estimated $35 million estate, and a will that has...
Litigation can cost a small business an incredible amount money, but it also takes away valuable time that could be spent growing the business. So here are some tips that will help you avoid a major source of business litigation which are employee lawsuits. Keep...