OPT/CPT Training for Foreign Nationals
Foreign nationals enrolled in F-1 student status have the option of working in the United States by engaging in practical training during their academic program, or upon completing their program. Practical training can provide valuable work experience by sharpening and adding to the skill set students acquire while enrolled in school. There are two types […]
2015 Action Required To Maintain Qualified Status Of Prototype Defined Contribution Plans
Maintaining up to date documentation for your retirement plan is extremely important and not something employers should take lightly. During a plan audit the first thing the IRS auditor asks for is a signed copy of the Plan Document with all amendments. If these do not contain provisions timely reflecting the latest legislative and/or regulatory […]
Trust Planning and its Interplay with Asset Protection – An Overview
Asset protection planning is the development of legal planning techniques to place the client’s assets beyond the reach of future (not present or known) creditors. Many individuals have the potential for future creditor problems, whether it be through divorce, malpractice claims, tax liens, business claims, long term care expenses or other catastrophic expenses. Therefore, it […]
Read More about Trust Planning and its Interplay with Asset Protection – An Overview
October 3, 2015 – The Start of a New Era for Residential Mortgage Loan Closings
While October 3, 2015 came and went without any particular fan fair, it did mark the start of a new era in residential mortgage lending. October 3 is the effective date for the Consumer Financial Protection Bureau’s new combined Truth in Lending – Real Estate Settlement Procedures Integrated Disclosure (a/k/a “TRID”). For all residential mortgage […]
Read More about October 3, 2015 – The Start of a New Era for Residential Mortgage Loan Closings
Exercise Caution When Opening Joint Bank Accounts
Joint bank accounts are frequently used by spouses for a number of reasons but are typically created so each spouse can write checks from the shared account to take care of living expenses. Joint accounts are tools of convenience, allowing for example one spouse to rely on the other to take care of the bills. […]
Read More about Exercise Caution When Opening Joint Bank Accounts
Business Update: A Seminar for Clients and Friends of the Firm
Mackenzie Hughes attorneys strongly believe in keeping their clients informed on the latest developments in law and business.
Read More about Business Update: A Seminar for Clients and Friends of the Firm
Independent Contractor or Employee? The U.S. Department of LaborWeighs In
In July, the U.S. Department of Labor Wage and Hour Administrator issued an Administrative Interpretation (the “Guidance”) clarifying the standards it applies to determine whether a worker is properly classified as an employee or an independent contractor. In so doing – and of particular note to employers – the DOL advised that “most workers are […]
Read More about Independent Contractor or Employee? The U.S. Department of LaborWeighs In
What it means to be an Executor
This blog answers questions we frequently are asked by persons named as Executor in a decedent’s Last Will and Testament. The decedent’s Will appoints me as executor. What’s next? Is my appointment automatic? No. You will be appointed executor by the Surrogate Court after the Will has been accepted for probate. The Court will issue […]
Nanotechnology: Tiny Things with a Big Impact
Nanotechnology is a term used to describe technologies that manipulate matter at an incredibly small scale, even down to the level of individual molecules or atoms in some instances. Among other things, it has applications in medicine, engineering, and technology.
Read More about Nanotechnology: Tiny Things with a Big Impact
Beneficiary Designation Forms: A Good Estate Plan Is Not Complete Without A Review Of These As Well
Now that you are finally getting around to having your Will prepared or updated, or even considering adding a Revocable Trust to your planning documents, it is also important to plan for those assets that are subject to a document commonly referred to as a beneficiary designation form. Most commonly, my clients inquire: Doesn’t my […]