Resources

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Consummating Tax Planning Before Statutory Changes

Question:  In anticipation of legislative changes, I was advised to engage in various gifting and other tax planning transactions at the end of 2012 which I did not do. Now that the law has essentially remained the same, is there any immediacy to embark on such planning?

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Sound Agreement Helps Rep Avoid Loss of Commissions

After signing a new contract with a principal, most reps will properly focus on generating sales within the newly assigned territory.  Even in this era of corporations getting gobbled up or “restructured” on a regular basis, little thought is given to what happens if the principal gets bought out.  Yet several important questions are usually presented.

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Limits on Access to Social Media Communications are Inconsistent

Individuals suing companies, especially those raising personal-injury or employment claims, must recognize that their social media postings are increasingly subject to exploration in discovery. A plaintiff claiming debilitating back injuries, for example, would do well to avoid posting post-accident photos of herself on horseback.

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Minimizing the Net Investment Income Tax

Question:        As I derive a significant amount of my income from passive sources. I am concerned about the new investment income tax and the impact it may have on me.  Are there any actions I can take to avoid or minimize this tax obligation?

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Protecting Retirement Plan Assets From Creditors

Question:  I have a significant balance in my employer’s 401(k) plan. Upon my upcoming retirement, I intend to roll over the funds in my employer’s plan to an individual retirement account (“IRA”) which will pass to my children upon my death.  Will the assets in my IRA be exempt from my creditors during my lifetime and from my children’s creditors after my demise?

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