What Is A Trust And Do I Need One?

You may have heard someone tell you that you need a trust. Some attorneys believe that every person who walks the earth should have a trust, however I believe it is a more nuanced decision that should be driven by the client’s goals. Our legal system in America is mostly based on English common law, where the concept of trust was used during the Middle Ages when a landowner went to fight in the Crusades,…
Read More

Time to Start Preparing for The New Overtime Regulations

**SEE UPDATED BLOG POSTED DECEMBER 2016** Starting on December 1, 2016, the minimum salary level to qualify for the executive, administrative or professional exemptions (the so called “white collar exemptions”) under the Fair Labor Standards Act (“FLSA”) will increase to $47,476 annually.  This is a big jump from the previous minimum salary level of $23,000 annually.  Put in simple terms, white-collar employees making less than $47,476 will not meet the test for the “white collar…
Read More

It’s a Letter of Intent. It’s a Term Sheet. No, It’s a Contract!

Letters of intent and term sheets (LOI’s) are frequently used to help parties set forth the framework to a transaction as an aid in negotiating a final contract.  Most LOI’s include a disclaimer sentence saying that with possibly a few exceptions, the LOI is “non-binding.” However, LOI’s and Clark Kent have a lot in common in that both aren’t quite what they seem.  Just like the stalwart and ordinary Clark Kent can enter a phone…
Read More