Blog — Family Business

Tuesday, December 8, 2015

Business Succession Planning Through Trusts

Many of my clients elect to hold ownership of their business until death, and then provide for a disposition of ownership at that point. There are various issues involved with this approach, mainly depending on factors such as whether or not their children work for the company or if there is a disposition of the business to employees or some other third party. 

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Wednesday, November 18, 2015

Pre-Marital Planning

People who are remarrying after a death or divorce, and even, increasingly, couples who are getting married for the first time in their lives are strongly considering prenuptial agreements or other pre-marital planning. When prenuptial agreements became popular a generation ago, most people thought of them as a way for wealthy people to protect themselves in case they were marrying a younger, less wealthy spouse. Today, however, prenuptial...

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Wednesday, November 18, 2015

Supreme Court Gay Marriage Ruling Affects Companies’ Employee Benefits

The U.S. Supreme Court's recent decision extending same-sex marriage to every state will have a big effect on many employee benefit programs. Prior to the ruling, most states (and the federal government) recognized same-sex marriage. If all of your employees live in states that previously recognized gay marriages, then no significant changes are...

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Wednesday, November 18, 2015

Legal Issues for Business and Social Media

Social media is a relatively new phenomenon, and the law is just beginning to catch up with the issues that are being raised for businesses. 

A thorough legal review of a company's social media practices is always a good idea, but here is a preliminary checklist of possible issues to be addressed. 

Employees' (or Job Applicants') Personal Social Media...

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Tuesday, October 20, 2015

Avoid the Fight for the Family Cottage

Oftentimes, the idea of "estate planning" can seem overwhelming. However, estate planning at its most basic level is simply making decisions about who should receive your assets when you die and creating a plan that efficiently transfers ownership of the assets at the time of your death to your intended beneficiaries.

Cottage law is an extension of your estate plan. Most estate plans will address...

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