Private Client Services Update - Taxation of Corporate-Owned Life Insurance: Traps for the Unwary
Most corporate clients assume that proceeds of a life insurance policy insuring the life of an employee are tax free. Revisions to the Internal Revenue Code in 2006 provide, however, that life insurance proceeds are included as taxable income of the corporate owner of a life insurance policy unless certain IRS requirements are met.
By Gregory R. Davis and Private Client Services
Employment Law Update - Fall 2012
In This Issue:
- VDOLI Stops Handling Virginia Wage-Hour Cases
- EEOC Updates Employer Guidance on Criminal Background Checks
- Recent Cases Recognize Employer Rights Under FMLA
- 29th Annual Employment Law Update - Your Prescription for Compliance
- The U.S. Supreme Court Affirms Obamacare
By Labor & Employment
Private Client Services Update - Stuff Happens
When parties get together contemplating a proposed new venture, it is similar to a new marriage. They are very excited about the future opportunities, but have not really thought through the issues if events do not go as anticipated.
By James G. Steiger and Private Client Services
Software Licensing: Legal Issues with Business Consequences
You have assembled a team that has spent months researching and selecting the appropriate software and provider for your business. Nearing the end of the process, your team is ready to move on and sign the license agreement so that the software can be installed and used.
By Nicole J. Harrell
Private Client Services Update - 2012 Virginia Legislative Update - Trusts & Estates Law
The 2012 session of the Virginia General Assembly resulted in several important changes to trusts and estates law, most of which became effective July 1, 2012. Below are some of the more notable changes.
By William L. Holt, Sarah E. Messersmith and Private Client Services
Private Client Services Update - Interference with Inheritance: A Novel Legal Theory
Unless you closely followed the legal victory of the late Vicki Lynn Marshall, a.k.a. Anna Nicole Smith, you are probably unfamiliar with the legal action known as "tortious interference with expectancy of inheritance or gift." While this tort has been rejected by Virginia courts, it has long been recognized in North Carolina as well as at least nineteen other states.
By Jason R. Davis and Private Client Services
Employee Benefits Alert - Supreme Court’s “ObamaCare” Ruling and Employer Group Health Plans
In a surprise ruling, the U.S. Supreme Court has upheld all material provisions of the Patient Protection and Affordable Care Act of 2010 (the ACA), including the controversial individual mandate that requires taxpayers to obtain health insurance or pay a penalty tax starting in 2014. With much of the uncertainty about the future prospects of the law now lifted, employers should prepare for compliance with upcoming ACA requirements.
By Employee Benefits, ESOPs & Executive Compensation