Commercial Law
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Retirement Savers: Consider Using TIPS to Hedge Against Inflation
To help curb record-setting inflation, the Federal Reserve Bank enacted its second consecutive 0.75-percentage-point increase to the Fed Funds rate on July 28. Despite the Fed’s aggressive moves, significant uncertainty remains. Financial analysts are unsure whether the rate increases will work — or where the stock and real estate markets are headed. Clearly, this isn’t […]
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Avoid IRA Rollover Tax Traps
An IRA rollover is usually a tax-smart move, because it allows you to continue to defer taxes on the amount you roll over. But Congress has laid traps for the unwary. Here’s how to avoid the most common IRA rollover tax pitfalls. Arrange Direct Transfers from Company Plans After leaving a job, you may want […]
Estates
Protecting Assets When a Spouse Receives Medicaid
Many couples, in their golden years, find themselves wondering: What if one or both of them is admitted into a nursing home and needs Medicaid? After saving throughout their lives, they are fearful that if one of them enters a nursing home, they will have to dissipate their life savings to pay for the cost […]
Business Law
Get Ready for Due Diligence Long Before a Sale or Merger
It may seem odd, but as soon as you start up a business, you should begin preparing the documentation needed to sell or merge with another enterprise. It may be years down the road but the records often required in today’s M&A environment can be overwhelming. If your recordkeeping has been shoddy, it can be […]
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Time to Check Your Beneficiary Designations
For 2022, the federal estate tax exemption is $12.06 million (effectively $24.12 million for a married couple). With such a generous exemption, you might assume that you don’t need to worry about the federal estate tax if you die. Plus, after taking a beating in the stock market this year, the assets in your estate may […]
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401(k) Loans: Yay or Nay?
In today’s tough economy, you may find yourself struggling to cover your day-to-day expenses. But rising interest rates are making traditional loans more expensive. In such an environment, you might consider borrowing funds from your 401(k) retirement account, if your plan permits it. But you’ll need to weigh the pros and cons before taking the plunge. […]
General Litigation
Indemnity Provisions: Shift Liability from One Party to Another
Companies seeking to avoid liability from other parties can include broad indemnity provisions in their contracts in hopes of shifting financial responsibility for injuries to another party. An indemnity agreement is common in construction projects and other transactions. It is a provision that legally indemnifies (protects) one party against certain future losses or claims from […]
Intellectual Property
When Companies Share Intellectual Property for Mutual Benefit
The phrase “two heads are better than one” can apply to corporations and their intellectual property. When two or more companies agree to share their intellectual property for mutual benefit, the payback can be considerable. Not only can collaboration result in additional revenue, it can also create more intellectual property that can further benefit all […]
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