Private Client Services Update - Lifetime Funding of Revocable Trusts for Couples: Avoiding Probate While Maintaining Creditor Protection
There are many reasons why clients create trusts. Of course, for decedents with significant assets, trusts can be an extremely important estate tax planning tool. Additionally, trusts can be a way to safeguard and administer assets which are inherited by a young child, an incapacitated adult or anyone who is unable to handle the financial responsibility associated with managing the assets or needs protection from losing assets in divorce. If a trust is funded during life, the assets placed in trust are removed from the decedents probate estate at death.
By Sarah E. Messersmith and Private Client Services
Ethics for Virginia Lawyers - 2011
Ann K. Crenshaw & The Honorable Edward Hanson, Jr. presented, "Ethics for Virginia Lawyers" to the Virginia Beach Bar Association in February 2011.
By Ann K. Crenshaw
Knowledge is Power: A Review of the American Arbitration Association's Rules for Construction Disputes
Kristan Burch was featured in the February 2011 issue of Virginia Lawyer article, "Knowledge is Power: A Review of the American Arbitration Association's Rules for Construction Disputes. " Click here to view the article.
By Kristan B. Burch
Real Estate Strategies Update - Surveys 101: A Refresher
Some questions from prospective purchasers of real estate repeatedly pop up. At the top of that list is, "Do I really need a survey, the building has been there forever?" Other than for the purchase of a condominium unit for which the recorded plats and plans govern, there are no viable reasons not to get a new survey. This article addresses several topics related to surveys.
By Jeffrey M. Stedfast and Real Estate Strategies Group
Employment Law Update - Winter 2011
In This Issue:
- DOL Unveils New Wage-Hour Enforcement Strategy
- Former Workers' Comp Chief Deputy Joins K&C Employment Team
- Can Employers Go Too Far with Social Media Policies?
- Timing of Personnel Decisions is Important
- Poor Performance or Misconduct?
- K&C Launches Labor & Employment Blog
- 27th Annual Employment Law Update - Weathering the Employment Law Storm
By Labor & Employment
Franchising Update - December 2010
International Franchise Association Items of Interest
Some quick takeaways from the 43rd Annual International Franchise Association Legal Symposium in Washington, D. C. , a meeting of over 500 franchise lawyers:
Tight financing continues to inhibit sales of franchises. Financing for franchisees
By Stephen E. Story, Nicole J. Harrell and Intellectual Property & Franchising
Mortgage Officers Exemption
Earlier this year, the U.S. Department of Labor recently ruled that mortgage loan officers are entitled to overtime pay in the Administrators Interpretation No. 2010-1. CUES Credit Union Management spoke with attorney Scott W. Kezman, partner in Kaufman & Canoles Labor & Employment Practice Group, Norfolk, VA, about the new rules.
By Scott W. Kezman