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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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 [...]
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 [...]
By its nature, an irrevocable trust cannot generally be changed. And the big fear of every irrevocable trust is inflexibility. Of the many “future looking” powers we can include in a trust, [...]
Headlines about data security breaches at big companies grace newspaper covers on a weekly basis. But your company doesn’t have anything to steal, right?…Wrong. Get prepared now by [...]
By way of background, a Roth IRA is a retirement plan where the funds contributed to the plan do not qualify for an income tax deduction, but are also not taxed upon withdrawal. On the other [...]
Acting boldly when others are meek can result in very effective estate tax planning. It seems counter-intuitive, but the recent halving of oil prices and a similar bloodletting in natural gas [...]
Most employees, regardless of whether they are part of a union, are covered by the National Labor Relations Act. The National Labor Relations Board (NLRB) recently issued a string of decisions [...]
An employer found out the hard way that its sloppy handbook and HR procedures could put it on the hook for Family Medical Leave Act (FMLA) benefits even though its employee didn’t qualify under [...]
