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This month, I had a couple of interesting cases that came up and I thought I would share them with you.
The first case involves a surgeon who owes the IRS a small fortune. We’ve been working with him on his IRS issues and he shared with us a couple of concerns. The first concern was that his mother, who is in her 90’s was in pretty bad condition and she was going to leave him some assets. The second concern, my client had an idea for a startup, but was worried that the IRS would squelch it before it had a chance to get off the ground.
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Business News
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According to a survey by CNN, there is a best and worst place to build worth. If you are looking to turn your paycheck into a nest egg, stay away from the Big Apple.
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Asset Protection
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Dog attacks and dog bites are in the news everywhere. The rules in insurance and in case law are now well documented and precedented.
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Court News
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For several months, senior leadership at Anthem Blue Cross has been actively working on a settlement agreement with the California Department of Managed Health Care to bring closure to all issues relating to previous rescissions.
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Court News
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Pennsylvania homeowners may be entitled to a reduction in their homeowners' insurance premiums, thanks to The Mortgage Property Insurance Coverage Act that Gov. Rendell signed into law on July 4.
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Court News
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The US health care system is missing something necessary to level the playing field between the rising costs of medical care, medical research and the cost to treat all persons in emergency situations. Canada has it and Walmart has it, the United States does not. What is it?
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Court News
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There has been much scrutiny in the banking and legal arena to “know your client.” It is important for everyone in every industry to know his or her client. Recently, it has become even more important to “know you lawyer.”
Current news about changes in the economy have stressed most all businesses and individuals in some way. Many professions have boards who monitor professional standards and codes of ethics. These boards are developed from within the profession and govern things like certifications and standards. These boards often set the standards in court as a guide for prosecutors and litigators.
When it comes to law, lawyers are bound the American Bar Association’s Model Rules of Professional Standards. However, the standards are likely to vary within the practice field causing proliferations of the rules for differing practice areas. Recently lawyers have sought to regulate the bar making them the advocates, the advisors and the gatekeepers as well. One lawyer is not determining how another lawyer should act ethically and morally.
Fragmentations within the American Bar tend to be handled by the federal courts leaving state regulations shattered and placing strain on attorneys and their practice fields. For example the
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Asset Protection
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The Pittsburgh Steelers are a $2500 family venture, capitalized in 1933, now valued at close to one billion dollars. That is quite a family asset.
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Asset Protection
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One attitude that cannot be tolerated in medicine is a lack of care or apathy. We feel physicians should exercise the same standard of care toward their accumulation of assets, property and wealth.
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