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However, as set out in the KRLLCA, where the member/debtor is the sole member of the LLC at the time of the assignment under the charging order, the assignee/creditor shall have the right to participate in the management of the business and affairs of the LLC as a member. Kan. Stat. Ann.
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On September 16, 2011, President Obama signed a new patent law to help inventors smooth the rocky road of launching their new ideas and bringing them to fruition. The significant affects will take hold in 2012 and 2013 and will optimize the patent filing process, which has remained the same for over 80 years. When an inventor files for a patent, they have no exclusive right to use that idea until the Unites States Patent and Trade Office (USPTO) officially grants the right. Previously, this took at least three years. Investors were losing money as patents sat waiting for approval at the busy USPTO (United States Patent and Trademark Office).
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As the property tax develops in China, I will write about it. I remember when Proposition 13 passed in California.
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In the recent case of Meyer V. Christie the District Court of Kansas issued a charging order against a single member limited liability company ("SMLLC") which allowed the creditor to reach the assets of the debtor's limited liability company ("LLC"). This has resulted in many practitioners questioning whether the same charging order protections offered to multi-member LLCs are also available to SMLLCs. When evaluated in the proper context, the holdings of the court in Meyer should have been anticipated.
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Here’s the typical scenario: You know she’s living with another man. She knows she’s living with another man, and that in doing so, her alimony is at risk for reduction or termination. But she also knows that it’s your burden to prove that she’s cohabitating, and she knows that it’s difficult and expensive to prove. She denies, denies, denies. She has the upper hand, and she knows it. Unless you have at least $20,000 to pay an investigator to conduct continuous and ongoing surveillance of the residence and the parties’ comings and goings for two months or more, you are facing an uphill battle.
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If you and/or your (former) spouse have spent more than thought you would spend to get divorced, you’ve probably spent too much.
Five things you should know before you hire an attorney to handle your divorce or modification case:
1. Only a handful of attorneys are truly "family lawyers." Hire someone who (a ) is certified in family law and/or mediation, (b) has experienced support staff, and. (c) will allow you to negotiate his/her retainer fee and hourly rates. If you anticipate that your case will be litigious, a larger firm may be to your advantage because there will be support staff to assist with your file at lesser hourly rates.
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Financial issues are often cited as the number one reason couples divorce. So it stands to reason, then, that at a time when our country is suffering with 9.1% unemployment and a volatile market, divorce rates would begin to trend upward.... higher than the current statistics which reveal that 50% of first marriages and 65% of second marriages end in divorce. Some statistics cite the average cost of a divorce to be $15,000. However, given my exposure to family lawyers' rates and my own personal experience, I would challenge that figure as grossly underestimated. Mediation offers couples an alternative, which is not only financially palatable, but is also substantially less stressful than litigation. In the hands of a competent mediator, couples can part ways and maintain their dignity, their sanity and their financial resources.
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Let me ask you the following questions:
1.) Do you have a brokerage account in your own name? 2.) Do you own real estate in your own name? 3.) Do you own any other valuable assets in your own name? 4.) Does your medical practice have any valuable assets? When I say “own name” that includes having assets owned by living trusts used for estate planning. If you answered yes to any of the above questions, you DO NOT have your core asset protection plan set up correctly.Categories: Court News Share Article
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