■ Partner’s Inheritance Rights: NY recently recognized a right in a same sex partner to inherit. In the recent case, the Court recognized the validity of a same-sex marriage between two New Yorkers conducted in Canada. Matter of the Estate of H. Kenneth Ranftle, File No. 4585-2008 (N.Y.L.J., Feb. 3, 2009). The Court acknowledged…
■ Payroll Tax Audits: Detailed federal employment tax audits will begin in November and will focus on: (1) worker classification (employee vs. independent contractor); (2) fringe benefits; (3) officer’s compensation; and (4) reimbursed expenses. Don’t wait to get tagged, review your policies and procedures now. Review employee classification and correct any inappropriate treatment of…
Summary: “What’s up Doc?” What are some of the common planning mistakes many physicians make? Here’ Bugs’ dozen top votes: o “I won’t get sued for more than the limits on my malpractice policy.” Wishful thinking, but it won’t keep Lord Voldemort, Esq. at bay. Not only was there never merit to this,…
Summary: “OK mom, I’ll get to it!” Procrastination is common for more than just the teenager requested to clean up his room. What really vital planning decisions are you putting off? Decisions People Leave Until It’s Too Late √ Signing a living will. Clarify what your end of life wishes are and telling…