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Can My Estranged Spouse Clean Out Our Joint Accounts?
This content has been archived. It may no longer be relevantQuestion: So you said in a prior Blog post that my estranged spouse can clean out our joint accounts. Not fair! Is there anything I can do about it? Answer: Of course there is, assuming you can prove that dissipation has occurred. At the time…
Impact of Separation and Divorce on Estate Planning: Key Points under Virginia Law
In the midst of separation and divorce, spouses often overlook its impact on their estate plan. In nearly every case, divorcing spouses no longer want their assets to pass to their soon-to-be ex-spouse upon their death or for their spouse to continue to have decision-making authority for them upon their incapacity. However, preventing those scenarios…
The Weekly Scenario: Changes to the D.C. Estate Tax
Question: In light of the recent changes to the Maryland estate tax, have there been any changes to the D.C. estate tax? Answer: This past week, the D.C. council voted to approve an estate tax bill which brings change to the D.C. estate tax. At the present time, individuals who die in D.C. with an…
Compensation and Compliance Matters: It’s What Your Loan Officers Say that Matters
The latest financial institution to get hit with a Consumer Financial Protection Bureau charge of unfair and deceptive practices was GE Capital, which was ordered this month to pay $225 million. In large part, the unfair and deceptive practices charges were based upon misrepresentations and omissions by telemarketers. In other words, because these representatives told consumers…
Friday Factoid: The Invention of the Frisbee®
In 1938, Walter Frederick Morrisson (inventor of the flying plastic disc now known as the Frisbee®) quickly realized an opportunity to sell his discs for a profit. Thias the Frisbee®) quickly realized an opportunity to sell his discs for a profit. This realization occurred when Morrison and his girlfriend were tossing a cake pan to each other…
You Finished the LOI- Now it’s Time to Pay Attention to the Details
You have been negotiating the key business terms of a business purchase for months and finally, a letter of intent is signed. While the signing of the LOI is a key stage of the acquisition process, a crucial part of the process still remains – the negotiation and execution of the purchase agreement, which contains…
Offit Kurman Attorneys File Amicus Brief in Third Circuit on Behalf of F&G Life Insurance Company
Offit Kurman attorney Eric Pelletier filed an amicus curiaebrief on behalf of F & G Life Insurance Company, Inc. in Anabel Zahner, et al v. Secretary of Public Welfare, case no. 14-1328, in the United States Court of Appeals for the Third Circuit. The brief is filed in support of the Appellant, Anabel Zahner. The case involves…
What Motivates Employees?
Compensation vs. Intrinsic Motivation Money is not the most significant motivating factor for most employees. It goes without saying that every employee wants fair pay, but according to Daniel Pink’s bestselling book Drive: The Surprising Truth About What Motivates Us, “the more prominent salary and benefit perks are in someone’s work life, the more…
The Weekly Scenario: Do we have a common law marriage?
Question: We have lived together as husband and wife in Maryland for many years but have never had a ceremony nor applied for a marriage license. Do we have a common law marriage? Answer: A ‘common law’ marriage is one in which the parties generally hold themselves out as husband and wife, and in certain…
The Federal Government Confirms That Women-Owned Small Businesses are Eligible to Compete for Large Value Contracts
By: EDWARD J. TOLCHIN, ESQ. Economically disadvantaged women-owned small business (EDWOSB) concerns, and eligible women-owned small business (WOSB) concerns are now eligible to compete for set-aside contracts of any dollar amount. Effective June 24, 2014, the government adopted as final, without change, its June 2013 interim rule, which removes the dollar limitations for set-asides to…
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