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Selecting a Trustee
This content has been archived. It may no longer be relevantTrusts are useful for many reasons, including investing assets, minimizing the impact of estate taxes, protecting an inheritance, benefiting charity and keeping assets out of the reach of creditors. Trusts can do many things, so it is important to select a trustee who is up…
The Weekly Scenario from Steve Shane – 8.19.13
Question: I have been reading a lot about James Gandolfini’s Will and that certain mistakes were made. What could have been done to avoid the negative publicity? Answer: While we do not know much about Mr. Gandolfini’s estate, I do wonder why any part of his estate plan was left to public inspection through his…
Legal Q&A: August 19, 2013
QUESTION What is an “EEO-1 Report” and does it apply to my company? ANSWER The EEO-1 Report is a mandatory annual survey required by the Equal Employment Opportunity Commission (EEOC). All private employers with 100 or more employees, and all federal government contractors or first-tier subcontractors with 50 or more employees and a contract…
Friday Factoid – 8.16.13
Unique sounds can be registered as a trademark or service mark. For example, the USPTO registered NBC’s chimes sound, MGM’s roaring lion sound, the Pillsbury Doughboy’s childlike giggle and the exclamatory “D’OH!” of Homer Simpson. Source: http://www.uspto.gov/trademarks/soundmarks/index.jsp
Revisiting the Supreme Court’s Ruling on the Defense of Marriage Act (DOMA)
When Edith Windsor’s spouse passed away in 2009, Windsor elected the estate tax exemption for surviving spouses. The Internal Revenue Service (IRS) denied her request under Section 3 of the Defense of Marriage Act (DOMA), leaving Windsor with an estate tax obligation of more than $300,000. You see, Windsor married Thea Spyer in 2007 in…
Labor and Employment FAQs: What does a Non-Compete Clause cover?
Starting a new job can be rather overwhelming, between the new company, new people, and all of the paperwork. You will undoubtedly spend a good portion of your first day reading and signing everything from tax forms and employee handbook to office procedures, benefits forms, and, of course, your employee agreement. This last document requires…
The buck stops with HOA boards, not management companies
Q: My homeowners’ association (HOA) employs a management company. When neighborhood issues arise, the management company representative tells us it is up to the HOA’s board of directors to solve the problems. I think that if our HOA board has to solve all the problems, we don’t need the management company. The management company is…
Compliance Checklist for CFPB Examinations
As you may remember from one of our previous blogs, “Financial Institution Compliance and Loan Officer Compensation,” the Consumer Financial Protection Bureau (CFPB) has begun to crack down on non-depository lenders and community banks that had previously flown under the radar. The CFPB has already come down hard on several small businesses, including a midsized…
Landlord Alert: Bedbug Verdict
On May 29th a jury in Anne Arundel County returned an $800,000 verdict for a tenant for injuries she sustained as a result of her landlord’s failure to treat for bed bugs. The Court entered judgment on May 31st. The details of the case are important in several respects. First, the tenant argued that the…
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