Many types of contracts include indemnification provisions. In a typical indemnification provision, one party (the indemnifying party) agrees to reimburse another party (the indemnified party) [...]
The FDA Food Safety Modernization Act (FSMA), became law on January 4, 2011. On September 29, 2014, the FDA published for comment several proposed rules implementing the FSMA. Any interested [...]
A Qualified Personal Residence Trust (“QPRT”) is a trust into which you transfer a personal residence. The QPRT document gives you (and often your spouse) the right to live in the [...]
The Internal Revenue Service (“IRS”) recently announced its awareness of virtual currency (such as bitcoin) and wanted taxpayers to know the tax consequences of using virtual currency. As the IRS [...]
Generally, IRAs are protected from claims of the contributor’s creditors under federal bankruptcy law, (with the exception of divorce). However, a recent ruling by the Supreme Court peels back [...]
Post-Mortem Planning: The Disclaimer – The Tool For Fine-Tuning
In Corporate Issues, Tax and Estate Planning PostedThis is the first in a series on post-mortem planning techniques to manage taxes and optimize estate planning following death. It’s difficult, to say the least, to alter your estate plan after [...]
Term Sheets or Letters of Intent (LOIs) are commonly used in the buying or selling of businesses or other key contractual relationships. The purpose of LOIs are to clearly state the principal [...]
