Probate and Estate Administration Tips: What Steps Must Be Taken to Close the Estate?
If you are named as an executor or administrator of an estate, it is your responsibility to manage and close the estate. This is a complicated process that begins with filing a petition with the Probate Court as discussed in our prior blog post, Probate and Estate...
How to Form a Tax-Exempt Organization
There are two key components if you want to form a tax-exempt organization, also known as a nonprofit. The first is applying for tax-exempt status. The second is choosing the structure of your organization. Both of these require understanding federal tax law....
Probate and Estate Administration Tips: What Happens When Someone Dies Owning Property?
When someone dies owning property, there is a legal process for distributing the person’s assets. This process begins in Probate Court. There are numerous rules and procedures in Probate Court and they differ depending on whether the individual who died (the...
What You Need to Know About the FTC Proposal to Ban Non-Compete Clauses
On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule which would ban all non-competes nationwide. Non-competition agreements have been criticized by many labor groups and some states already prohibit them. The difference is that the FTC rules...
Lessons in Estate Planning: Lisa Marie Presley
The battle over the estate of Lisa Marie Presley is the latest dispute involving celebrities who died without proper estate planning. While most people don’t have an estate as large as the Presley’s, there are important lessons for anyone to learn from this...
What Are the Ongoing Administrative Requirements for a Tax-Exempt Organization?
Once you have established a tax-exempt organization (or nonprofit), there are ongoing administrative and reporting requirements. An attorney well versed in tax-exempt status can advise you regarding how to ensure you are running your organization properly, as,...