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Did you know that your heirs may have to liquidate your home or rental properties immediately after your death, unless you create an Irrevocable Life Insurance Trust (ILIT)?

Most people are interested in passing their wealth to their heirs. With the demise of the baby-boomer generation, an enormous transfer of wealth will occur during the coming years. The government is poised to capture this wealth through the estate tax, which is imposed upon death.

Currently, the Federal estate tax exemption amount is $1.5 million for individuals and $3 million for married couples. Any amount over the exemption will be taxed (Federal estate taxes average around 45%). Furthermore, this tax must be paid within nine months after you die.

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Ever wonder what law enforcement officials do to protect their identity? Wonder no more because you’ll discover exactly what the criminals tell police about their identity theft scams.

According to the U.S. Postal Service, there were almost 12 million incidents of identity theft in the United States in 2006 at a cost of 6.3 billion to consumers. This alarming statistic has increased the alert level of many consumers; however most are still unaware of the specific tactics these identity thieves use. After an extensive interview, one notorious identity thief, revealed 4 misconceptions she used to separate you from your money.

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Chemical, pharmaceutical, and biotechnology companies spend large sums of money so that their employees burn the midnight oil and come up with great inventions, be it on a novel drug treat a heart disease or a process to make large quantities of a chemical used in the manufacture of a plastic. They know that patents are powerful when it comes to resisting competition. They also know that a patent provides an exclusive right up to twenty years. Thus, once they get their patent, they should be smiling all the way to the bank …correct?

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Use of illicit drugs like marijuana, cocaine and heroine and overuse of prescription drugs has been responsible for creating serious medical complications, destroying many family lives and creating problems for schools and communities. Teenagers and young people are particularly prone to excessive drug use and once they succumbed to the lure of drugs, they involve themselves in crime and accidents leading to poor performance in schools and society. It is needless to remind that the law punishes reckless drug users heavily.

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The growing number of incidents related to sexual harassments in the workplace is one of the major concerns that the U.S. employment sector is dealing with. In the past few years, thousands or even a hundred thousand of these cases were reported and were filed in the courts every year. Consequently, a lot of the victims suffered a great deal of emotional damages due to these indecent acts. One of the questions that arose in these labor issue is how can we say that the said acts are done unlawfully and maliciously rather than that of the acceptable human behavior. Thus, the major public finds the definition of sexual harassment as assumed by the law, very vague. In this reason, and also maybe of the uncomfortable and tricky procedures of defending a sexual harassment case, most of the victims fail to succeed in their pursuit of justice.

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Sarbanes Oxley Law, more commonly known as SOX, is a popular legal tool to ensure that the right measures of corporate governance are infused in the business operations to avoid any corporate scams or misreporting. In fact, the area governed by this act is much larger and diverse, yet the eventual aim is to curtail any illegal activity in the business sphere by tightening the grip of law on the overall operations, especially the financial proceedings.

The Requirements:

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In the unfortunate situation where an employee is terminated or voluntarily quits his or her job, the Division of Unemployment Assistance can provide much needed financial relief though a weekly check. Not only can unemployed individuals receive a weekly check for assistance, there are also other programs that can help assist the individual in many ways. One program that is available through the Division of Unemployment Assistance is health insurance coverage. In order to be eligible for health insurance benefits in Massachusetts, you must be a resident of the state and meet certain income eligibility guidelines. The individual and their family may also qualify for health insurance coverage under the Medical Security Program (MSP). There are two health insurance options that one can choose from. The first option is the Direct Coverage Plan. This plan is for individuals without any current health plans. Under this option some co-payments are required for certain services. This health insurance option is given to individuals and their families who don’t have access to COBRA or other health insurance plans and also for individuals who can’t afford to maintain their COBRA option. The second health insurance option is The Premium Assistance Plan, which allows individuals to receive partial reimbursement for health insurance premiums to continue their health plan through their last employer. All benefits of the Medical Security Program coverage are terminated when unemployment benefits end.

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A public real estate record can be a realtor’s and a buyer’s best friend. The public real estate record can give the seller and future homeowner information on the house that they may not get otherwise just by looking at it.

Problems – A public real estate record should tell you about certain problems that the house has had such as electrical failure, flooding, or cracking foundation. These are all important and sometimes life threatening problems that every seller and buyer should know about well in advance of buying the home. After all, to the seller, it’s just real estate. To the buyer, it’s a home.

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With the combined advent of the internet/dot-com boom and the prevailing trend of individuals going into business for themselves, the focus and importance surrounding intellectual property has been in the forefront of the minds of entrepreneurs, artists, inventors and anyone wanting to protect the fruits of their labors.

Because intellectual property and the laws therewith can change as rapidly as our ever-increasing technological world, it is imperative that when doing research on these topics to use accredited resources – contact either the appropriate governmental agencies, attorneys or private companies that specialize in these topics.

TRADEMARKS :

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Being the youngest of three kids, I watched my older sister and brother take off for college directly upon graduating from high school. Then I spent the next three years of high school waiting for my turn, giving my parents fits as I broke the mold on acceptable behavior. The youngest is usually the rebel, and it was certainly true in our family.

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