Wealth Transfer A Family Limited Liability Company (FLLC) is frequently used to pass wealth from one generation to another. Before the advent of limited liability companies in Pennsylvania in 1994, family limited partnerships were the vehicle of choice for this type of family planning and are still used today. With a FLLC the owner of the FLLC (often the company’s…
Month: April 2022
WHEN CAN CONTRACT DUTIES BE SUSPENDED OR TERMINATED BECAUSE OF THE CORONAVIRUS PANDEMIC?
The coronavirus (COVID-19) pandemic has impacted the ability of businesses to perform contractual duties. Governments around the world, including the United States and U.S. states, have imposed prohibitions on going to work, leaving home, meetings, travel, eat-in restaurants, and other limitations. This paper discusses when a party may have a legal defense if it elects to not perform contract obligations.…
Why Draft a Will
Wills, Trusts, Estates and Taxes – Why draft a will when the Commonwealth of Pennsylvania already provides one? What happens if you die without a will? In Pennsylvania, your assets* that are in your name will be distributed based on the intestate succession laws of Pennsylvania. Specifically, your property will be distributed in the following manner: If you are only…
“You’ve Lost that Loving Feeling”
Now how do you sever your financial ties. by Julie A. Auerbach, as published in The Philadelphia Lawyer, Summer 2020 Edition Broken hearts may not be the only fallout from the breakup of an unmarried couple. The severing of these romantic ties may also have financial consequences. Untangling jointly held assets, such as real estate and bank accounts, are common…
When Does Child Support End?
When Does Child Support End? Generally speaking, the obligation of one parent (usually the one with partial physical custody) to the other parent (usually the one with primary physical custody) for payment of child support ends when the child reaches age 18 or graduates from high school, whichever comes last. As with many matters, there are exceptions. There remains a…
After you are divorced
You got your divorce decree or had your support or custody hearing, but that doesn’t mean that you won’t be seeing much of your family lawyer anymore. In actuality, you may need to build a relationship with your attorney until each of your children turn 18. Here are some things to think about. (more…)
Types of Compensation Available if Injured
There are several categories of “damages” which one may be entitled to when they are injured as a result of someone else’s actions or inactions. Although, if the “damages” were made on the public due to your business, then this should be covered by Public Liability. You could consider PL insurance quotes from constructaquote.com. It is important to get Public…
Top Five Tips for Choosing a Lawyer
Top Five Tips for Choosing a Lawyer 1. Research. In today’s world, there is no excuse for choosing a lawyer without doing the basic research to find out more about the attorney and his or her firm. There are multitudes of sources of information on lawyers, including a lawyer’s own website. Find out what type of cases he or she…
The 95% Rule for a Custody Case
Only 5% of what you tell your lawyer about your custody case will be important enough to make it’s way to trial, if there is one. Getting to that 5%, however, is going to take hours of telling your attorney about your life, including information that you don’t think has anything to do with custody. But just about everything that…
The Problem with Joint Legal Custody: When Household Rules Differ
Attorney Julie Auerbach was interviewed yesterday on “The American Law Journal” presents “The Problem with Joint Legal Custody: When Household Rules Differ” . The Problem With Joint Legal Custody On Monday’s ‘The American Law Journal’ The Legal Intelligencer March 31, 2017 “Today courts are leaning more towards 50/50,” says family law practitioner Julie Auerbach. But are judges equipped to handle…