Law Blog

Video Transcript: I'm Neal Bookspan of Jaburg Wilk.  I'm an attorney who helps businesses and business owners manage their legal risks. Do I need an attorney if I'm buying or selling a business? People definitely need attorneys when they are buying or selling a business.  It is a very important transaction for the seller who may have owned the business a...

Why is it important for a business owner to have an estate plan? Transfers the business owners' assets to family members Provides a mechanism for the sale of the business if there are no family members interested in continuing the business Helps avoid probate and Depending on the value of the estate, a plan may significantly reduce estate taxes.Is a Will e...

A variety of charitable gifting techniques are available during your lifetime and as part of your estate plan. Depending on your income, or the size of your estate, you may find tax savings so significant after making a charitable gift that the net after tax effect is minimal. Here is a summary of some of planning ideas which will help you start your charitable gi...

Start Now, Before Your Options Become Limited Good news: Thanks to medical advances in the past few decades, you - and your parents, if they're still alive - will probably live longer than previous generations. Bad news: The cost of living in a nursing home for a year, now averaging around $51,000, will triple over the next 20 years, according to the General Ac...

Simple Rules to Avoid Probate. In Arizona, any assets that are held in your name outright must be probated to pass to the next generation or your intended beneficiaries heir(s). This includes property held as community property and tenants in common. However, there are many assets that never pass through a probate. For example, retirement plan benefits, IRA's and l...

In today's global market place, virtually every business has a website, and many of those sites are content-rich. Websites are often filled with original writings and pictures. Much of that original content is marketing, while other content consists of informative articles, tips and guides to grab and keep the attention of visitors to the site. A great deal of time...

As higher education costs continue to escalate, parents or grandparents may look to different savings vehicles for their children's college fund.  The IRS, under section 529, provides parents with the opportunity for a higher education savings plan. There are two sets of tax rules for 529 plans (the "Plan").  One relates to the income taxation of the owne...

In a volatile economic climate, such as the current economic downturn, there is a significant increase in litigation cases and bankruptcy filings. When economic times flourish, people focus on acquiring assets and doing "deals". During slower times, people may look for an opportunity to protect their assets from potential creditors' claims. There are planning tools...

You may think you don't need a will because you don't have many assets. However, if you don't have a will, the state could determine who gets your property and even who will take care of your children should both you and your spouse die at the same time. Many changes and events occur during your lifetime and if you have experienced any of the following life events ...

Brainstorming and collaborating frequently produces superior work.  For that reason, it is not surprising that many creative works, in the art and literature world, as well as in the business world, are the result of co-creation.  Unfortunately, it is common for disputes to arise over co-created materials.  That is not to say you shouldn't collaborat...