– Legal Insights –
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
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The financial abuse and exploitation of people over 60 is becoming an epidemic. According to the Federal Trade Commission, fraud complaints by seniors grew by over 150% from 2008 to 2012. The Investor Protection Trust reports that 20% of those over 65 have been financially abused and Met Life reports...
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In the recently enacted “Tax Increase Prevention Act of 2014,” Congress has once again extended a package of expired or expiring individual, business, and energy provisions known as “extenders.” The extenders are a varied assortment of more than 50 individual and business tax deductions, tax credits, and other tax-saving laws...
With winter fast approaching, many homeowners’ associations will be facing physical issues with their properties that will require action in one way or another. In the fall, issues can often result from seasonal rains causing roof leaks, siding leaks, or various other water leaks. In addition, as the weather turns...
If drafted and used properly, a confession of judgment (“COJ”) is a unique and powerful way to ensure that a debtor performs under a forbearance or settlement agreement. If drafted and used improperly, then a creditor could become embroiled in needless litigation. Furthermore, a properly drafted COJ increases the value...
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Most websites contain Terms of Use intended to limit permissible behavior by the website’s users and to manage legal risks from any user interaction with the website, including liability for data breaches. This is typically accomplished through restrictions on use, warranty disclaimers, user indemnity obligations for intellectual property infringement, limitations...
Risk is like the flu—no one wants it. Part of any contract negotiation involves attempting to reduce risk and liability. This particularly applies to the flooring industry, where the product has been passed between multiple entities that want to shed their liability when they hand the product to a company...
It seems everywhere you look these days another major company falls victim to a massive data breach. We all know about the Target breach, but other notables include The Home Depot, Apple, Sony, the US Postal Service, and Citibank and JP Morgan Chase, two of the largest financial institutions in...
Limited Liability Companies (LLCs) have been one of our most important tools for business and estate planning since the early 90’s when LLC legislation was enacted in Minnesota. Like a corporation, an LLC provides liability protection for owners of businesses and real estate. But unlike a regular or C corporation,...
In the world of collections, obtaining a judgment against a debtor is generally far less than half the battle. Apart from standard collection difficulties (e.g., finding assets to attach and identifying fraudulent transfers), things get exponentially more difficult when a debtor funnels money to an off-shore bank account in a...
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Isn’t it fascinating how the same individual who acts like your best friend when seeking a loan suddenly falls off the map once a default has occurred? This can range from the debtor being sluggish in returning phone calls, to literally hiding from the bank for days or weeks on...