Waking up for the workday, you walk into the kitchen to see a fresh cup of coffee that has been programmed to brew based on your phone's alarm clock. Your MP3 player automatically starts playing some smooth jazz, after having learned that when you wake up this early,...
PLDO Law Blog
Month: July 2015
Prepare Now for Sweeping Changes to Rhode Island’s Identity Protection Law
On June 26, 2015, Rhode Island Governor Gina Raimondo signed the "Rhode Island Identity Theft Protection Act of 2015" ("Act"), substantially reworking Rhode Island's 2005 data breach and identity protection laws. Although it does not formally take effect until June of...
SCOTUS Saves the Affordable Care Act Again – Tax Credits Available on All Exchanges
On June 25, 2015, the Supreme Court of the United States (SCOTUS) decided that tax credits will be made available to individuals who purchase health insurance coverage on both federal and state exchanges (on-line marketplaces where people compare and purchase...
CMS Releases Proposed Rule on Modernizing Medicaid
On May 27, 2015, the Centers for Medicare & Medicaid Services ("CMS") released a proposed rule that would "modernize the Medicaid managed care regulations to reflect changes in the usage of managed care delivery systems." The first major update to Medicaid managed...
ONE RISK YOU SHOULDN’T TAKE IS NOT HAVING THE RIGHT LIFE INSURANCE
If you never return from your sailing trip around the globe or reemerge from the deep ocean depths on the submarine destined for the Titanic, will your family receive the death benefit proceeds from your life insurance policy? That answer, as well as the answer to...
HOW TO BUY ULTRA-DANGEROUS ASSETS
It’s never a good idea to buy an asset, like a boat or plane, in your own name or to have multiple parties on the title. First of all, when your name is on the title, you are personally liable for any damage that the asset may cause. For example, you and Joe own a...
SO, YOU WANT TO WRESTLE AN ALLIGATOR?
Before base jumping into the miasma of risk, the first thing you should do is make sure your estate plan, in its current iteration, meets your needs and has adapted to any challenging or changing family situation. A well-rounded estate plan is literally more of a life...
HOW LIFE INSURANCE PROCEEDS COULD AFFECT A COMPANY’S VALUATION FOR ESTATE TAX PURPOSES
A recent case brought to light the impact that a stock-purchase agreement and life insurance proceeds may – or may not - have on the valuation of a closely held company for estate tax purposes. In this case that caused a split between the 8th and 11th Circuits, the...
HASTE MAKES WASTE . . . CASH THE CHECK.
One never knows what corner the grim reaper lies behind. A final illness can often accelerate quickly and deprive a donor of adequate time to complete gifts for tax purposes that he intended to make. In a recent federal court case, the Third Circuit Court of Appeals...