Employers, employees and even equity holders should be mindful of company property ownership interests upon the employee or stakeholder’s separation from the company. A typical provision in a [...]
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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 [...]
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 [...]
