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Problematic Proposed Regulations May Harm Family Businesses If Left Unaddressed

This newsletter recently addressed proposed treasury regulations that, if enacted, will drastically impact transfers of family businesses. The hearings on the proposed regulations (the “2704 Regulations”) were held this month, and those participating were extremely critical of the proposed regulations. According to a Forbes.com report, only 1 of the 36 people who testified at the hearing on the... 

Congress Set to Pass H.R. 2028 Which Extends the EB-5 Program Through April 28, 2016

On December 8, 2016, by voice vote the House passed HR 2028 which funds the federal government through April 28, 2016.  The measure extends the EB-5 program unchanged, as well as other sunsetting programs such as the Conrad 30 and E-Verify. The Senate is expected to take up the measure on December 9, 2016, and President Obama is expected to sign the measure once it clears the Senate  Read More →

EAD Extensions

A common pitfall for Employment Authorization Document Card is that The Employee applies. The Citizenship and Immigration Service takes a long time to adjudicate the application The Employment Authorization Document expires The Employee cannot work legally after this day, and loses the job. I have had individuals leave the country on this issue. There is no way to expedite this, and although Citizenship... 

Don’t Let Your Financial Situation Deteriorate Until You Are Forced Into A Low Settlement Offer

An estate administrator recently filed a lawsuit alleging that a Chicago medical facility failed to properly care for her decedent. According to the complaint, the patient fell, which resulted in a fractured hip. Left untreated, the patients’ overall condition deteriorated, ultimately resulting in her death. The plaintiff requests a trial by jury and seeks judgment against the defendant in an amount... 

Driver Distraction May Have Been Cause In Fatal North Carolina Rollover Crash

A serious auto accident in Charlotte, N.C. resulted in one person dead and three others injured. Police said a female driver lost control of her Ford Explorer and ran off the right side of the road. When she attempted to drive the vehicle back onto the road she overcorrected to the left, entering into oncoming traffic. Overcorrecting again, she lost control and rolled the car, before it came to a rest... 

Michael Gilfix, National Experts Form Trump Policy Analysis Group

THE TRUMP POLICY ANALYSIS GROUP (TPAG) – FOCUSING ON OLDER AMERICANS AND THOSE WITH SPECIAL NEEDS The Trump Policy Analysis Group (TPAG)1 has convened to consider probable changes in law that will affect older Americans and those with special needs. Initial TPAG focus is on entitlements, public benefits, tax, special needs planning, and veterans’ benefits. We used a three-fold analysis: Stated... 

Mom Who Saw Son Die After Their Car Was Struck By A Tree Files Lawsuit

When trees cause harm in a weather related event, liability is a gray area. Since no one controls the weather, it is often not an issue of liability for the tree owner. On the contrary, if the property owners were negligent in caring and maintaining a tree, they can be held liable for serious injuries or death. It was a stormy, windy night on December 11, 2014 when an Oregon woman’s car was struck... 

First Bus Accident Lawsuit Filed After Fatal Crash

The Times Free Press in Tennessee reports the first lawsuit (of what will likely be many) was filed in connection with an elementary school bus accident that killed five students and injured dozens more. The driver is facing criminal charges, and there is speculation his actions were intentional.The civil lawsuit, filed by an 8-year-old passenger and his mother, names as defendants the driver and the... 

Three Killed And Two Injured After Truck Crashes Through Iowa Walmart

Iowa police were called to a Wal-Mart store shortly before 10:00 a.m. with reports that a truck had driven through the store entrance, destroying property and killing or injuring people within the immediate area of the entrance. Witnesses said the truck hit the building at a high rate of speed. Three people have been reported killed and two others, including the truck driver, were injured. The entire... 

Decanting an Irrevocable Trust to Protect Public Benefit Eligibility

Unintended consequences can occur when people fail to consider the effect of a plan on persons with special needs. Estate planners who are unfamiliar with public benefits may unintentionally create plans that can wreck a beneficiary’s eligibility for SSI, Medicaid and other means-tested public benefits, resulting in a loss of income, healthcare coverage, housing, etc. Most often, this is the result... 
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