Business Law Articles
Consider owning your investment property in a Limited Liability Company (LLC)
If you are thinking about purchasing or already own rental or other investment property, you should consider transferring it to a Limited Liability Company (LLC). This can be a great way to protect your assets, while at the same time you may be able to reap some tax advantages. Suppose someone slips and falls on [...]
Tougher HIPAA rules for medical businesses
Medical offices and other businesses that are subject to the federal HIPAA medical-privacy law will have to comply with some new rules from Congress. The changes include: ► If a breach of privacy occurs, you must now notify the affected individuals within 60 days. (Before, you only had to try to limit the negative effects [...]
Estate Planning Articles
‘Joint will’ couldn’t be modified later
Jerome and Sandra Murray signed a “joint will” in 1993. It provided that if one of them died, the other would inherit all the property. It also said that the will couldn’t be modified unless they both agreed to any changes. Unfortunately, the couple divorced in 2001. In the divorce settlement, Sandra received a condo [...]
Many older powers of attorney and health care proxies should be reviewed
Many power of attorney and health care proxy documents that were created years ago should be revised now as a result of a federal medical privacy law. The law, known as HIPAA, generally prevents health care providers from disclosing your personal medical information to anyone but you and someone you’ve named as your “personal representative.” [...]
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