It’s Time To Reconsider IRA Beneficiaries
Have you named your children as beneficiaries of your IRA? Perhaps it is time to re-think that decision. A recent United States Supreme Court ruling raises concerns about asset protection and the designation of IRA beneficiaries. In June the high court unanimously ruled that, under federal law, an IRA that is owned by a beneficiary […]
Being a Residential Landlord – Is it for you?
Being a residential landlord is not always what it’s made out to be on HGTV. Investing in and managing rental real estate can be either a nightmare or a prudent investment. Ensuring the latter takes homework, hard work and the proper due diligence before investing, as well as continued commitment of time and effort. Knowing […]
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Protecting Your Business from Construction Injury Claims
The owners of small businesses that provide general contracting or construction trade services know that workers’ compensation and commercial general liability insurance is expensive. Unless your company has also taken the steps discussed below, all the money spent for those policies may not fully protect your company in the event of a worksite personal injury […]
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License & Registration, Please: The basics of tickets and points in NYS
It’s the middle of summer and many people are hitting the road to their favorite beach, amusement park or a family reunion. However, if en route to your final destination, you find yourself in that unfortunate conversation with a police officer on the side of the road, it’s important to know some basics about Vehicle […]
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Someone Was Injured On My Property . . . Now What Do I Do?
Many people complain that our society has become obsessed with litigation. It seems as though everyone who gets hurt wants to sue, even if the accident was their own fault. You must be prepared in the event someone claims they were hurt on your property. If you ever find yourself the recipient of a complaint […]
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NLRB on College Athletics: Let’s Give them Something to Talk About
A National Labor Relations Board’s (“NLRB”) Decision, dated March 26, 2014, to allow a group of Northwestern University football athletes to vote on whether or not they will be represented by a Union, the College Athletes Players Association (“CAPA”), is being appealed with briefs due this summer. In the meantime, the vote to unionize has occurred and […]
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Choosing a Business Entity—Part Two
By Lindsay A. Getman, Summer Associate In part one of this series, we provided information on the benefits and disadvantages of sole proprietorships and partnerships as business entities. Part two of this series will discuss corporations and limited liability companies, two additional entity types that a business owner in New York may choose. These types […]
Estate Planning for Your Guns
The death of a loved one is a very difficult time; the grieving process is different for each person and can extend over years. One of the hardest things to be faced is the distribution of a loved one’s tangible personal property (aka “things”). As a gun owner, this process at your death can be […]
Two Important Items from OSHA
OSHA has recently come out with a new interpretation that can impact many Central New York businesses and also a new inspection program for dairy farmers: AVOIDING A UNION AFFILIATED WORKER ADVOCATE All employers should have a plan in place to manage an OSHA inspection. That process starts with developing a sound internal health and […]
APPLYING FOR/REFINANCING A MORTGAGE? Be prepared. The approval process continues to evolve….
It is that time of the year here in Central New York where home buying activity typically picks up. Whether you are interested in getting a mortgage to purchase a new house or in refinancing an existing mortgage take a deep breath – the mortgage approval process continues to evolve and appears to be getting […]