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New Changes to the Tax Laws Coming in January

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New Changes to the Tax Laws Coming in January

With the election now over, the President and the Congress will have to wrestle with the fiscal cliff and looming tax hikes. Are you and your business ready for the coming changes? Here are some of the changes that will soon take effect if the two parties cannot reach a deal.

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Valuable Estate Planning Lessons out of California

One thing people often forget about estate planning is that it is not simply protection for what happens after you die. Much of what we do when we put together an estate plan is geared to protecting your interests as you grow old, but are still living. This point is illustrated by a situation developing in California with the estate of Zsa Zsa Gabor. Ms. Gabor is still alive, but unable to communicate her wishes or manage her own financial affairs. Her estate planning documents are under fire, and her daughter and Gabor’s husband are fighting over visitation rights and medical care, not to mention how her millions should be managed.

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The Results of the Michigan Supreme Court Election

The results of the election are now in. One of the contests that received less attention this year was the race for the three open Michigan Supreme Court seats. The Detroit News has posted a short article on who won those seats.

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How the New Health Care Law Affects Small Businesses

The new health care law is creeping increasingly closer to taking effect. It is important for small businesses to be prepared. There will be new mandates, tax implications, and penalties, and with them, a host of new headaches.

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Rochester Law Center’s New Listing on Yelp! is Live

Great news! Our new “Yelp!” page is up and running together with an informational video about Rochester Law Center. We talk a little about what we do, and what makes us different from other law firms. It’s definitely worth a watch.

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Reuters Describes Dramatic Estate Tax Battle

Have you had your estate plan reviewed recently to make sure that it is up to date with the current (and impending) changes in the tax laws? This very interesting Reuters article illustrates some pertinent lessons. Follow the link below the excerpt for the full article.

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Tips for Negotiating a Non-Compete

Entrepreneur Magazine has some interesting tips for negotiating a noncompete agreement. Follow the link following our excerpt for the full article.

Entrepreneurs with one-track minds like Steven Smith don’t want to hop between industries–they want to stay where their passions lie. But if you’re looking to sell one business only to start a similar one, you may run into trouble. Most buyers will want you to sign a noncompete agreement dictating that you won’t operate in the same or similar business for a certain period of time within a specific geographic area. Noncompetes may also come into play when employees leave a company to work for a competitor.

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