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Flex plan – In an unpredictable estate planning environment, flexibility is key
November / December 2018
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 993
Abstract: Last year’s tax reform legislation made only one change to the federal gift and estate tax regime, but it was a big one. The act had the effect of more than doubling the combined gift and estate tax exemption, as well as the generation-skipping transfer (GST) tax exemption, from $5.49 million in 2017 to $11.18 million in 2018. This change is only temporary, however. Unless Congress takes further action, the exemptions will return to their inflation-adjusted 2017 levels starting in 2026. This article explains why it’s important to build some flexibility into an estate plan to address potential tax liability after 2025. A sidebar defines an estate tax “clawback.”
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Mark this: Consistency is key to avoiding Title VII suits
November / December 2017
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 993
Abstract: In EEOC v. Consol Energy Inc., the Fourth Circuit Court of Appeals considered whether an employer did enough to accommodate an employee whose religious beliefs conflicted with a job requirement. This article describes the facts and why the court held that it’s not an employer’s place to question the correctness of an employee’s religious understandings. A sidebar provides an example of a similar Title VII case that had a different outcome. EEOC v. Consol Energy Inc., No. 16-1406, June 12, 2017 (4th Cir.) Cloutier v. Costco Wholesale Corp., No. 04-1475, December 1, 2004 (1st Cir.)
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Exempt or nonexempt? Court weighs in on question of the day
July / August 2016
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 993
Abstract: In a case involving the FLSA, the Fourth Circuit court considered whether a registered nurse, who said that she was not an exempt employee, was owed overtime pay by her employer. This article summarizes the case and discusses the concept of “exempt.” It also explains what employers can learn from the case’s outcome. A sidebar discusses a Seventh Circuit case in which an employee asserted that she was paid a salary so that her employer could claim an exemption from overtime. Williams v. Genex Services, LLC, No. MJG-13-1942, September 4, 2014 (4th Cir.) Klein v. Rush-Presbyterian-St. Luke’s Medical Center, No. 92-1933, March 29, 1993 (7th Cir.)
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Navigating the retirement plan maze – New options can help keep partners happy
Spring 2014
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 993
Abstract: Law firms weighing their retirement plan options face some tough decisions. If unfunded or underfunded nonqualified pension plans are placing a heavy burden on younger partners, should the firm switch to a defined contribution qualified plan, such as a 401(k) plan? Or is it better to have a defined benefit qualified plan that benefits older partners? This article examines several issues to consider when deciding whether to change retirement plan offerings. A sidebar describes a “hybrid” approach — the cash balance plan.
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What to do when a fund manager leaves
January / February 2012
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 993
Abstract: It might be tempting to sell a fund undergoing a portfolio manager (PM) change, but it pays to be cautious, and decide whether the fund can likely continue to deliver the kind of performance that originally made it attractive. In making this decision, it’s important to ask a number of questions: How important was the PM to the fund? Was he or she a “lone wolf” or part of a team? Has the management style changed? Does the new PM have the requisite experience for the kind of fund he or she will be managing? This article addresses these questions, while a sidebar notes that a PM’s “poor” track record can be deceptive.
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Wall Street reform: What does it mean for public companies?
Year End 2010
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 993
Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act focuses on reforms to the financial services industry, but it also makes several significant changes that affect public companies in general. This article summarizes some of these changes related to proxy access, executive compensation, clawbacks and compensation committee independence. And it provides action steps for companies to take now. A sidebar explains that Dodd-Frank permanently exempts smaller public companies from Sec. 404(b)’s mandate that management evaluate the adequacy of its internal controls over financial reporting.