August / September
Showing 17–32 of 469 results
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Estate Planning Pitfall – You didn’t make specific references in a letter of instruction
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 275
Abstract: A letter of instruction provides insights into the management of a person’s affairs after death. But the letter won’t be of much help if it’s vaguely written. This brief article suggests specific references to include in the letter.
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QTIP trust – Strange name, powerful trust
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 645
Abstract: A qualified terminable interest property (QTIP) trust is an odd sounding name for an estate planning technique. Nevertheless, it can be a valuable strategy, especially for someone who’s currently in a second marriage. Essentially, this trust provides future security for both a surviving spouse and children from a prior marriage, while retaining estate planning flexibility. This article details the ins and outs of a QTIP trust.
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Family businesses would be wise to consider IRC Section 6166
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 909
Abstract: It’s true that because of the current record-high gift and estate tax exemption amount, most families don’t have to worry about transfer taxes. However, there are high net worth individuals who must continue to work to reduce their estate tax liability. In fact, these taxes continue to place a burden on families with significant amounts of wealth tied up in illiquid closely held businesses. This article explores the ways Internal Revenue Code Section 6166 can provide relief by allowing the estates of family business owners to defer estate taxes and pay them in installments if certain requirements are met.
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Does your family situation call for a spendthrift trust?
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 721
Abstract: For those who have concerns that an heir might squander his or her inheritance, drafting a spendthrift trust might be the solution. This trust may incorporate various tax benefits, including taking advantage of the federal gift and estate tax exemption. But that’s not its primary focus: Its main purpose is asset protection. This article explains how a spendthrift trust works and why it’s important to choose the right trustee. A sidebar details the reasons why a professional is needed to create the trust.
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News for Nonprofits – Is it time to reconsider Facebook?
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: In this issue’s News for Nonprofits we look at nonprofits’ use of Facebook, a survey report from the Association of National Advertisers that reveals that email “remains king” when it comes to advertisers’ direct marketing strategies, and why virtual fundraising events remain vital and valuable in this post-pandemic era.
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IRS issues guidance on LLCs as 501(c)(3) entities
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 575
Abstract: Nonprofits often use limited liability companies (LLCs) when they want to form subsidiaries to, for example, launch a new service or joint venture. However, federal regulations for tax-exempt organizations don’t specifically address LLCs. This article summarizes new guidance from the IRS on the requirements an LLC must satisfy to be deemed tax-exempt.
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Updating collective impact initiatives to include equity
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 627
Abstract: Large-scale social change involving issues such as global warming, racial justice, economic development or education generally isn’t possible for individual nonprofits. An approach known as “collective impact” coordinates organizations across multiple sectors to tackle these larger issues. This article covers what nonprofits need to know before signing on to such an initiative.
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Uniform Guidance compliance – Watch out for 3 danger zones
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Federal funding in response to the COVID-19 pandemic has meant that more nonprofits have found themselves subject to the Uniform Guidance for Federal Awards — the rules and requirements for obtaining federal grants. If they spent $750,000 or more in federal awards in a fiscal year, they’re also facing single audits, possibly for the first time. Even long-time recipients of federal awards can trip up when it comes to single audits. This article covers three areas nonprofits should watch closely to reduce the possibility of costly penalties and reputational harm.
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AI works shut out from copyright protection
August / September 2022
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 422
Abstract: Artificial intelligence (AI) has made inroads in a wide array of areas, but it has yet to break down the barriers to copyright protection. The U.S. Copyright Office continues to refuse to register a copyright on works created by AI. This article reviews a decision by the Review Board of the U.S. Copyright Office (board) explaining its reasoning earlier this year. Second Request for Reconsideration for Refusal to Register a Recent Entrance to Paradise (Copyright Review Board Feb. 14, 2022).
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Package it up – Bakery’s trade dress claim falls
August / September 2022
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 515
Abstract: When designing product packaging, companies generally want it to clearly identify their products. In Bimbo Bakeries USA, Inc. v. Sycamore, the U.S. Court of Appeals for the Tenth Circuit has ruled that a baking company’s trade dress used elements so customary in the industry that it was generic and not subject to trademark protection under the federal trademark law known as the Lanham Act. This articles summarizes the court’s findings. Bimbo Bakeries USA, Inc. v. Sycamore, No. 18-4062, -4031, -4040 (10th Cir. March 18, 2022).
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Patent’s on-sale bar drains damages
August / September 2022
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 668
Abstract: There can be a fine legal line between providing a quote and an offer for sale. An inventor recently learned this lesson the hard way in Junker v. Medical Components, Inc. — and it resulted in the invalidation of his patent and the reversal of a hefty infringement damages award. This article reviews the patent’s on-sale bar and how the patent holder ran afoul of it. Junker v. Medical Components, Inc., No. 21-1649 (Fed. Cir. Feb. 10, 2022).
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Isn’t it obvious? Presumption of obviousness knocks out patent
August / September 2022
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 847
Abstract: Patents that specify ranges ¬— for example, a range of concentrations in a topical composition — can run into a presumption of obviousness that results in their inventions being deemed unpatentable. This case reviews a case in which a pharmaceutical company ran into just that problem when the ranges cited in its patent for a skin treatment overlapped with those in some so-called “prior art.” A brief sidebar highlights the court’s conclusion that the requisite reasonable expectation of success can exist without “absolute predictability of success.” Almirall, LLC v. Amneal Pharmaceuticals, LLC, No. 20-2331 (Fed. Cir. March 14, 2022).
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Cash it in! Save tax with qualified small business stock
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: Those looking to inject cash into their small corporations or any other business venture may want to acquire qualified small business stock (QSBS). This article explains that it’s possible to enjoy a tax exclusion on 100% of capital gain when selling the stock down the road. It also discusses the requirements for qualifying for the QSBS tax break.
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Taking advantage of the Community Advantage Loan Program
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 652
Abstract: If a business operates in what’s known as an underserved area and could benefit from additional capital, the Community Advantage Loan Program, an initiative of the Small Business Administration, may be able to help. This article notes that many Community Advantage borrowers are small business owners and entrepreneurs who have generally been in business for less than three years and don’t qualify for traditional financing. It also discusses how a small business can determine whether such a loan is a good fit.
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Should long-term care insurance be part of your financial plan?
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 535
Abstract: People can’t know what health issues await them, but it’s pretty certain that if they live long enough, they’ll need some form of long-term care. This article suggests considering the option of long-term care insurance to avoid being caught without the needed resources in the event of a catastrophic, long-term health event.
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How to benefit from the home sale gain exclusion
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 879
Abstract: Home prices are at record highs in some parts of the country and many people are looking to make career or lifestyle changes. This article explains that those considering downsizing or moving to another location could be in line for large tax breaks when they sell their homes. It points out that some taxpayers in these circumstances may be able to pocket up to a half million dollars in gain from the sale of their principal residences without owing any federal income tax. A sidebar explains how improvements to a home may affect the equation.