Withdrawing From a MEC Owned by a Life Insurance Trust The tax code limits the use of tax benefits of life insurance to accumulate cash with a small insurance benefit. Funding a cash-rich life [...]
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This month the Department of Labor announced a proposed rule change that will provide overtime pay to lower-salaried employees. Currently, the Fair Labor Standards Act permits companies to [...]
Non-competition agreements serve to protect from misuse by a former employee the hard-earned goodwill and customer relationships an employer has developed. However, courts impose strict [...]
Irrevocable life insurance trusts (ILITs) are designed to keep life insurance from being subject to estate tax in the insured’s estate. However, the trust must be precisely drafted and [...]
The new Pennsylvania Entity Transactions Law, which went into effect on July 1, 2015, brings Pennsylvania in line with many other states in allowing for simple, statutory entity conversions. [...]
