Kaufman and Canoles



Private Client Services Update - Asset Protection
In these litigious and debt-stressed times, more and more high net worth clients are asking their financial and estate planners to address protection of assets from creditors. Lawyers have responded by creating asset ownership structures which are designed to thwart creditors’ liens and claims. Legislators have also reacted, creating innovative laws in a number of states aimed at allowing individuals to avoid attachment of assets. It is important to have a basic understanding of the techniques available to clients in protecting assets, and it is equally valuable to understand that not every person needs extensive asset protection planning.
By Gregory R. Davis and Private Client Services

Employment Law Update - Winter 2010
In This Issue:
- COBRA Subsidy Extended
- 26th Annual Employment Law Update - Your Employment Law Survival Kit
- Employers Should Check FMLA Policies in Light of Recent Changes in Law
- GINA Creates New Protected Class
- Using Severance Agreements: Special Considerations for Older Workers
- Casual Email Usage Leads to Costly Claim
By Labor & Employment

Ethics for Virginia Lawyers - 2010
Ann K. Crenshaw & The Honorable Edward Hanson, Jr. presented, "Ethics for Virginia Lawyers" to the Virginia Beach Bar Association in February 2010. 
By Ann K. Crenshaw

Private Client Services Update - No Federal Estate or GST Tax! Are These the Best of Tax Times or the Worst of Tax Times?
At best, these are complicated times for estate planning. What Congress will do with estate, gift and generation skipping transfer ("GST") taxes is anyone’s guess. For now, (a) no federal estate tax is imposed on any transfers at death, (b) the gift tax rate is reduced to 35%, (c) no GST tax is imposed on any transfers to "skip" generations, and (d) only a limited amount of assets are entitled to a "step-up" in tax basis.
By Alison V. Lennarz and Private Client Services

Glossary of Real Estate Terms
Black's Guide's Glossary of Real Estate Terms has been developed to provide a complete reference dictionary of terms and phrases currently used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
By E. Andrew Keeney

Private Client Services Update - Uncertainty Surrounds Imminent Estate Tax Repeal
While it may be true that in this world nothing is certain, except death and taxes, uncertainty dominates the future of federal estate taxes after Congress’s apparent failure to enact legislation before year end. The failure to enact legislation means that the federal estate tax, which yields approximately $25 billion annually in taxes, will be repealed at midnight, December 31, 2009.
By Alexander W. Powell Jr. and Private Client Services

A Modern Day Fairy Tale: Injunctive Relief in a Post eBay World: The More Things Change, the More They Remain the Same
Once upon a time, not so very long ago, in a land known simply as the Eastern District of Virginia where cases proceeded with great haste, it was the birthright of all intellectual property owners near and far to wield the mighty Excalibur sword of injunction against all who infringed.
By Stephen E. Noona and Kristan B. Burch