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Legal Q&A: January 16, 2014
This content has been archived. It may no longer be relevant QUESTION Do I owe “resignation” pay if my employee gave notice and I no longer want him to work? ANSWER Unless there is an employment contract or a collective bargaining agreement in place that governs terms and conditions of employment, Maryland employees are at-will,…
Compensation and Compliance Matters – January 16, 2014
Non-Qualified Mortgage Loans Interest Ramping Up If you tell the average person that a new law requires lenders to have a good faith belief that a borrower can repay a loan they make, the reaction is quite predictable: “Wouldn’t a lender only make a loan they thought could be repaid?” That response, which I have…
Offit Kurman expands in Philadelphia, adds Labor and Employment Attorneys
In early 2008, Offit Kurman had just four attorneys in Philadelphia. In a merger that same year, they added 13 additional attorneys. In 2009, Offit Kurman added six more attorneys, forming a new insurance recovery group at the Philadelphia office and in 2013 added Offit Kurman added eight more attorneys adding asbestos litigation and a…
Common Estate Planning Mistakes
At Offit Kurman Attorneys at Law, estate planning is one of the most fundamental and important legal services we provide. Because of this, we thought it would be appropriate to help educate our readers on some of the most common estate planning mistakes: Planning for Disability: Too many people only focus on death when addressing…
Read|Delete – 1.13.14
On Innovation “Technology is nothing. What’s important is that you have faith in people, that they’re basically good and smart and if you give them the tools, they’ll do wonderful things with them.” -Steve Jobs Source: The Wisdom of Steve Jobs, ed. Carol Kelly- Gangi, New York: Fall River Press,
The Weekly Scenario from Steve Shane – 1.13.14
Question: Are inherited IRAs protected from creditor claims? Answer: Suppose Jane dies and her IRA passes to her son Jim. If Jim files for bankruptcy or owes a judgment award from a lawsuit, is Jim going to be able to keep the inherited IRA? What if Jim, who inherited the same IRA from Jane, is…
Friday Factoid – 1.10.14
Many great “inventions” are merely accidental discoveries. For example, in 1943, Navy engineer Richard James was researching how springs could be used to stabilize sensitive instruments located on ships. When conducting one of his experiments, he inadvertently knocked over one of the prototypes for his new springs and noticed that the prototype gracefully fell down…
What is a Loan Officer Referral Policy?
In his weekly blog, “Compensation and Compliance Matters,” found on the National Mortgage News website, Offit Kurman financial compliance attorney Ari Karen recently discussed the importance of having a Loan Officer Referral Policy in place. What is a Loan Officer Referral Policy? These policies dictate the limited situations (if any) in which a loan officer…
The Cumulative Effects of Intellectual Property Theft in the U.S.
According to the Commission on the Theft of American Intellectual Property, the scale of international Intellectual Property Theft is unprecedented. Every year, intellectual property theft is costing the United States billions of dollars. In fact, “The annual losses are likely to be comparable to the current annual level of U.S. exports to Asia—over $300 billion,”…
Labor & Employment Telebrief – 12.11.13
By Howard K. Kurman, Esquire An Edited Transcript. Issues discussed: Frogley v. Meridian Joint School District (Supreme Court of Idaho ) 11/27 – Issue of Bullying: Signal of what is to come; recommendation to employers The National Law Review article by Jonathan Frieden, Esq. Summary of 10 Dos and Don’ts with regard to social media…
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