|
Interlude posted:Any of you guys do T&E work? I have a client that's trying to plan for passing his shares in a business to his business partner when he dies. His T&E person told him he needs a business succession plan, but isn't the transfer of his shares handled through his will? I do litigation and this is a goddamn mystery to me. Adding to what the esteemed Phil Moscowitz, Esq. has said, I think the problem here is that you are focusing on what will happen if no documents are prepared, instead of what the parties want to happen. Saying "Isn't the transfer of his shares handled through his will," is kind of like saying, "Won't everything be taken care of, because when I die the law will say what happens to my stuff." The question is, what do the various interests want to happen with the business? What do they want to happen from a tax effect standpoint? When do they want these things to happen? Etc. Then, when you know those things, you figure out the best way to make those things happen, which may involve the will, may involve a separate buy/sell agreement, may involve a trust, may involve insurance policies, etc.
|
#
?
Nov 26, 2013 21:53
|
|
|
|
| # ? Jun 4, 2024 07:07 |
|
|
Interlude posted:Any of you guys do T&E work? I have a client that's trying to plan for passing his shares in a business to his business partner when he dies. His T&E person told him he needs a business succession plan, but isn't the transfer of his shares handled through his will? I do litigation and this is a goddamn mystery to me. Oh, silly me, this was the whole reason I checked the thread: quote:Ian Watkins, singer of Welsh rock band Lostprophets, has pleaded guilty to a series of "depraved" child sex offences including attempted rape of a baby. Solid Lizzie fucked around with this message at 22:08 on Nov 26, 2013 |
|
#
?
Nov 26, 2013 22:05
|
|
|
Interlude posted:Any of you guys do T&E work? I have a client that's trying to plan for passing his shares in a business to his business partner when he dies. His T&E person told him he needs a business succession plan, but isn't the transfer of his shares handled through his will? I do litigation and this is a goddamn mystery to me. As I mentioned about 15 posts ago, I do trust and estate planning. It sounds like he is talking about some kind of right of first refusal or more elaborate plan to make sure his partner has the liquidity to be able to buy him out. One simple plan might be to give the partner the right to buy his shares at fair market value at his death thought the business operating agreement or by laws... Then the partner or the business buys a term life insurance policy (if they need liquidity) on the clients life. This makes sure that the clients heirs get paid out for the shares and prevents the business from having to be sold at fire sale prices. Usually a big point of discussion is how to value the shares--- appraisal, multiple of earnings, etc.
|
|
#
?
Nov 27, 2013 01:09
|
|
|
Today an insurance company left a message offering 30k to settle a case. Then before I could accept, they withdrew the offer saying it was a mistake and offered 12k. This made me sad.
|
|
#
?
Nov 27, 2013 01:51
|
|
|
Solid Lizzie posted:Oh, silly me, this was the whole reason I checked the thread: Jesus.  A baby?
|
|
#
?
Nov 27, 2013 04:05
|
|
|
HiddenReplaced posted:You don't. Now that you're on the website they will start calling your office multiple times a week. 
|
|
#
?
Nov 27, 2013 04:05
|
|
|
Let this be a lesson to never be candid, keep a low profile and avoid all personal contact: Sigmachiev: Hey, have a happy Thanksgiving. Partner: So, you're not coming in tomorrow? Sigmachiev: No, got a flight to Seattle but I'm staying late tonight and working from home tomorrow. Partner: Lol, what's that for you, 6:30? We'll have to talk about this when you get back. Full disclosure: I'm well above the billable goal. E: Also, don't wish anyone well like ever.
|
|
#
?
Nov 27, 2013 05:20
|
|
|
Elotana posted:I've been on there for two weeks now and nothing Make sure that you have a linkedin profile, too. Lots of recruiters will contact you from there, too.
|
|
#
?
Nov 27, 2013 05:41
|
|
|
sigmachiev posted:Partner: Lol, what's that for you, 6:30? We'll have to talk about this when you get back. This is the worst loving thing a boss can to do an employee ever. Great way to ruin someone's vacation.
|
|
#
?
Nov 27, 2013 05:56
|
|
|
edit: misunderstood
|
|
#
?
Nov 27, 2013 06:07
|
|
|
Local sov citizen news: this guy's been filing garbage for years in foreclosure cases, got the max time in jail for contempt of court.quote:The judge said he was imposing the maximum sentence to deter others who may try to take a similar tack. Sperlazzo vowed to appeal. He was taken into custody after the judge declined his attorney’s request that Sperlazzo be allowed to serve the sentence after the holidays. http://articles.chicagotribune.com/...s-federal-court I love how the judge sent him to jail over the holidays.
|
|
#
?
Nov 27, 2013 17:42
|
|
|
mastershakeman posted:Local sov citizen news: this guy's been filing garbage for years in foreclosure cases, got the max time in jail for contempt of court. It sounds like he impersonated an officer of the court in issuing orders. Illinois really doesn't have anything beyond contempt to punish people who do that?
|
|
#
?
Nov 27, 2013 17:50
|
|
|
Career services just sent me an email asking me why I don't have a job yet haahahaahaha
|
|
#
?
Nov 28, 2013 02:02
|
|
|
sigmachiev posted:Let this be a lesson to never be candid, keep a low profile and avoid all personal contact: They kicked us out at noon today. I took a lot of work home with me though. EDIT: Maybe it was a trap. Sulecrist fucked around with this message at 04:39 on Nov 28, 2013 |
|
#
?
Nov 28, 2013 04:36
|
|
|
My office is actually open Friday, but they're going let us leave early at 3 pm. Hooray.
|
|
#
?
Nov 28, 2013 04:57
|
|
|
insanityv2 posted:Career services just sent me an email asking me why I don't have a job yet haahahaahaha They can't start asking you for more money until you have a job, duh.
|
|
#
?
Nov 28, 2013 13:57
|
|
|
Phil Moscowitz posted:They can't start asking you for more money until you have a job, duh. This didn't stop my Undergrad school from asking me for money after I graduated in 2008. I don't think I'll be working at all this 4 day weekend. On the other hand, I'm two months in and barely gotten any work - I'm at 80 hours for the month.
|
|
#
?
Nov 28, 2013 16:00
|
|
|
Long time no see, lawgoons. So, in my escape from law school, I ended up escaping, as you might guess (if you could call it an escape), into paralegal work. I actually really liked criminal defense except I was tired of starving to death so I hied myself off to the "big" PI litigation firm in my tiny town at the time to do workers' compensation work. WC in Colorado is some of the most convoluted rear end poo poo ever, and comes with two bonuses: 1. it is excessively skewed to insurance companies and 2. you are lucky if the clients you get to explain this convoluted rear end poo poo to have a high school education. Suffice it to say, briefly, that I am at a different firm where the function of the regular job demands and the firm culture (hint: it's loving awful!) are driving me away from this field. Of course, being driven away from this field really should have happened around 2006. So I am eagerly attempting to escape into a different industry before I implode, or at least go be a dumbass clerk at the court, which would pay more and most certainly be less stressful, even if I ended up with a total rear end in a top hat judge. In short: don't go, no jobs, drop out, get job, hate job, die alone.
|
|
#
?
Nov 28, 2013 22:43
|
|
|
Phil Moscowitz posted:They can't start asking you for more money until you have a job, duh. ahahaah they are encouraging me to look at public interest i don't even Guys what would you tell me if I said a year ago I was going to a lovely law school and I really wanted a firm job but if that didn't work out I could always fall back on public interest? VVVVVVV insanityv2 posted:Just had an interesting conversation with my supervisor after I gave notice at my job in preparation for starting law school in the fall. insanityv2 posted:
insanityv2 fucked around with this message at 15:18 on Nov 29, 2013 |
|
#
?
Nov 29, 2013 04:40
|
|
|
mastershakeman posted:My office is actually open Friday, but they're going let us leave early at 3 pm. Hooray. It's a trap.
|
|
#
?
Nov 29, 2013 14:44
|
|
|
Got my first acceptance today: University of Toronto!  Still holding out for McGill as it would literally be 1/8 the price and Montreal owns bones, but it's happening!!!
|
|
#
?
Nov 30, 2013 01:07
|
|
|
Climb right in to this pool of tears, dingus
|
|
#
?
Nov 30, 2013 01:37
|
|
|
Delicious tears
|
|
#
?
Nov 30, 2013 01:38
|
|
|
WaveLength posted:Delicious tears one of us one of us
|
|
#
?
Nov 30, 2013 01:40
|
|
|
McGill is the dream though, at $4500 per year my parents would pay for all of it~~~ U of T not so much (try 30k+books), but it has the PrEsTiGe factor
|
|
#
?
Nov 30, 2013 01:45
|
|
|
Its preftige bozo
|
|
#
?
Nov 30, 2013 01:47
|
|
|
forry my bad
|
|
#
?
Nov 30, 2013 01:50
|
|
|
Don't pay 15,000 toonies a year to go to law school
|
|
#
?
Nov 30, 2013 03:16
|
|
|
$30k/yr, in Canada? I paid less than that in 'murica.
|
|
#
?
Nov 30, 2013 04:22
|
|
|
nm posted:$30k/yr, in Canada? Eh, U of T is possibly worth it, since it's basically the feeder school for Bay Street. On the other hand, Bay Street kinda sounds like it sucks unless you're willing to give up your happiness in exchange for money.
|
|
#
?
Nov 30, 2013 07:43
|
|
|
Hilarious: sovereign citizen videos on YouTube. Incredibly, profoundly depressing: reading the comments to sovereign citizen videos on YouTube.
|
|
#
?
Nov 30, 2013 08:01
|
|
|
Alaemon posted:Hilarious: sovereign citizen videos on YouTube. Links? I need to spend more time laughing at sovereign citizens.
|
|
#
?
Nov 30, 2013 17:34
|
|
|
Arcturas posted:Links? I need to spend more time laughing at sovereign citizens. Start with searching "Keene", also Freestateproject, and then just follow the sidebar links to related videos. (It is possible that I watch sovereign citizen videos for background noise when working late.)
|
|
#
?
Nov 30, 2013 17:38
|
|
|
Arcturas posted:Links? I need to spend more time laughing at sovereign citizens. https://www.youtube.com/watch?v=RbVWY_dQQoc Is the one I was watching.
|
|
#
?
Nov 30, 2013 19:27
|
|
|
Alaemon posted:https://www.youtube.com/watch?v=RbVWY_dQQoc That sure is something. This is still my favorite. https://www.youtube.com/watch?v=RfVbiefMdNU
|
|
#
?
Nov 30, 2013 19:52
|
|
|
I love both of those videos with all of my heart.
|
|
#
?
Nov 30, 2013 20:02
|
|
|
burf posted:On the other hand, Bay Street kinda sounds like it sucks unless you're willing to give up your happiness in exchange for money. Sounds like you're not ready to be a lawyer.
|
|
#
?
Nov 30, 2013 21:24
|
|
|
Mr. Nice! posted:That sure is something. YES. That is pretty much the best one. (Thanks for the link, Alaemon. I think his hat really brings everything together.) I love the "inspiring" music that goes along with some of these videos. Like https://www.youtube.com/watch?v=uTSrGTIIlJo. I think my favorite part of that video is the blond chick who just constantly asks "What? What?" and acts incredulous. Arcturas fucked around with this message at 21:48 on Nov 30, 2013 |
|
#
?
Nov 30, 2013 21:35
|
|
|
He IS a yankee doodle dandy.
|
|
#
?
Nov 30, 2013 21:38
|
|
|
|
| # ? Jun 4, 2024 07:07 |
|
|
That's worse than the poo poo campus police get. I don't understand why it's so hard to understand that if a cop asks you to pull over, you should pull the gently caress over.
|
|
#
?
Nov 30, 2013 21:58
|
|