Five Common Mistakes to Avoid in Divorce When it comes to divorce, it is important to be vigilant and educated about your rights under the law to minimize negative consequences. Throughout the process, it is possible to make mistakes that can have a significant impact post-settlement. To help you navigate divorce more…
Navigating the Divorce Process: Essential Information You Need to Assemble The idea of beginning the divorce process can be quite unsettling. Whether you find yourself in an unhappy marriage or your spouse has expressed their desire for separation, ignoring the situation and burying yourself under the covers is not a wise approach. Not…
Update on Department of Labor’s Fiduciary Rule The United States Department of Labor (“DOL”) has proposed a new rule that would expand the definition of “investment advice fiduciary” under the Employee Retirement Income Security Act 1974 (ERISA). This legislation, which was scheduled to be phased in April 10, 2017, will automatically elevate all financial professionals…
UPDATE: Update to Paid Family Leave: Qualifying Reasons Expanded On June 20, 2018, the New York legislature added a new qualifying reason for eligible employees to take advantage of the Paid Family Leave Act. At the law’s inception, the qualifying reasons were limited to 1) the birth, adoption or new fostering of a child; 2)…
Nothing Stays the Same A historical safe harbor has been doing business using a corporate or limited liability entity. Officers and employees were protected against claims for their actions as long as they were acting within the scope of their authority in the performance of activities on behalf of the company. Another safe harbor was…
ZOOM IS TOO FAST The glossy advertisements and promotion for using Legal Zoom evidence that going too fast isn’t the best choice. Going the cheapest is also dangerous. Establishing an entity for a new business is much more than filing forms. There are many important decisions that should be part of any business entity formation….
Now Is Your Last Chance To See If You Are Overpaying Your Property Taxes in 2016-2017 Challenging your tax assessment is a process. There are deadlines, research, necessary documentation and forms, rules, and property history that need to be considered. Don’t be scared away from considering this because it may appear complicated. We can simplify…
New Family Paid Leave Law New York State has adopted a new Family Leave Law that is funded by payroll deduction from employees’ salaries and is mandatory regardless of the size of the employer. One supporting rationale has been that the United States is the only industrialized country in the world without paid family leave….
The DOL Fiduciary Rule – From the Opposition’s Point of View The proposed United States Department of Labor (“DOL”) fiduciary rule has earned itself many enemies. A coalition against the rule was formed in October 2015 and is pushing hard to stop the rule from being enacted. The U.S. Chamber of Commerce and Primerica are…
What Changes Will the DOL Fiduciary Rule Bring? Although the proposed United States Department of Labor (“DOL”) fiduciary rule is not necessarily final, it soon will be, and any version of the rule is going to significantly impact the way financial advisors practice. Here’s a snapshot of the details: Who: all advisors and brokers –…
