Kaufman and Canoles



Private Client Services Update - Transfer of Residence to Living Trusts: Insurance Issues
Living trusts have become so popular that financial advisors, bankers, insurance agents and lawyers are accustomed to seeing their clients convey residences to living trusts. There are insurance pitfalls associated with conveying one’s residence to a living trust which advisors should be prepared to identify.
By Gregory R. Davis and Private Client Services

A Loan Participation Checklist: The Devil is in the Details
There are a number of key factors that are often missed or neglected by the originating/selling Credit Union when they initially close on a member business loan (MBL) transaction and those issues come to light when we are assisting a Credit Union considering the purchase of a participation interest
By Dustin H. DeVore

Credit Union Legal Update - Fall 2014
Recently, the Federal Financial Institutions Examination Council (FFIEC), which includes NCUA, released new guidelines to help financial institutions, “understand and successfully manage the potential risks regarding the use of social media.”
By E. Andrew Keeney

Government Disclosures to Bondholders Face Greater Scrutiny
The Journal of Local Government Law  featured an article authored by Kevin White. To view the article click here.
By Kevin A. White and Corporate & Public Finance

Employment Law Update - Fall 2014
NEW FALL DOL FASHIONS: BLUE COLLARS TO REPLACE WHITEThis Autumn the U. S. Department of Labor (“DOL”) is expected to release proposed amendments to its regulations under the Fair Labor Standards Act, modifying the rules used to determine whether certain “white collar” salaried
By Labor & Employment

The Newfound Flexibility of Virginia Trusts
Trusts, which used to be considered a necessary evil or tolerated burden, have found new life as a flexible and malleable entity under the Uniform Trust Code, adopted by Virginia in 2006. Once considered absolutely irrevocable and inflexible, trusts can now be modified and molded into an
By Ellis H. Pretlow and Private Client Services

After Hobby Lobby, What Does it Take for a Virginia Stock Corporation to Exercise Religion?
Corporate law in the United States provides for non-stock or non-profit corporations created under state law, and many such corporations are recognized as tax-exempt organizations under federal tax law.   Many of them hold religious exercise to be their chief purpose, and their members and
By Kevin A. White and Corporate & Public Finance