o LLC’s: It doesn’t always pay to be a pig (or boar!). A New York Court recently held that a member of a NY LLC has standing to sue derivatively on behalf of the company. The case addressed alleged diversions of funds by the controlling members of the LLC to another entity in which…
o What should your child be doing before heading off to college? If your child is 18 he or she should sign a durable power of attorney to authorize a parent (or other responsible adult) to handle financial or legal matters if necessary. A simple standard form for your state is probably sufficient. Have…
A close friend was recently diagnosed with Multiple Sclerosis (MS). The course of MS is unpredictable; the effects range from mild to devastating. Such a diagnosis affects every aspect of your estate and financial planning. Some of the modifications are minor, some significant. Some steps should be implemented immediately; others can be viewed as more…
No, were not talking about your being Tom Cruise’s agent to negotiate a contract for Mission Impossible IV, we’re talking about your Aunt Nellie was just admitted to a nursing home, and although sometimes lucid, needs help managing her affairs and you were named the agent under her durable power of attorney to do just…