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OK at Work: Succession Planning
This week on OK at Work, Russell Berger and Sarah Sawyer discuss the need for employers to do succession planning for key roles and to develop incentives to retain key employees. In doing so, employers have a range of options that they can implement to serve these goals and, like many aspects of employment, employers…
PA Passes Name Image Likeness (NIL) Law
On June 25, 2021, Governor Wolf of Pennsylvania signed a bill that provides parameters for Name Image Likeness (NIL) activities for student-athletes. Specifically, it relates to, “college athlete compensation related to name, image or likeness and professional representation.” This law was effective June 30, 2021. The NCAA directs student-athletes and institutions to abide by the…
Read & Share: The World’s Most Used Apps, by Downstream Traffic
The World’s Most Used Apps, by Downstream Traffic Of the millions of apps available around the world, just a small handful of the most used apps dominate global internet traffic. Everything connected to the internet takes bandwidth to view. When you look at something on your smartphone—whether it’s a new message on Instagram or…
The Weekly Scenario: Roth Conversion Planning Review
As we all have heard, Congress is targeting apparent tax loopholes used by wealthy people with the goal of raising taxes to help finance proposed spending. Retirement plans happen to be in their scopes too. The way this may have come about is a widely publicized story of a guy who managed to amass…
President’s Path out of the Pandemic: Vaccine Mandate for Some Employers
Last week, President Biden issued a “Path out of the Pandemic” Action Plan announcing that OSHA will be implementing a rule mandating vaccinations and paid time off for certain employers. Mandatory Vaccination/Testing for Certain Employers Per the Executive Order: The rule will require all employers with more than 100 or more employees to ensure that…
What’s the Deal with Adultery in Maryland?
Adultery is a misdemeanor in Maryland, punishable by a $10 fine. It’s doubtful that a prosecutor would ever prosecute that crime, but it may have a consequence in a divorce case. So what’s the big deal? There are two areas where an allegation of adultery has a role in the family law arena. First of…
OK at Work: Your Business’ Legal Strategy
On this week’s episode of OK at Work, Russell Berger and Sarah Sawyer discuss the hard and soft costs of taking legal shortcuts. From business formation to compliance and protection, a proactive and intelligent legal strategy can not only protect your business but can result in increased growth potential and revenue. Tune in to hear…
Read & Share: The 20 Fastest Growing Jobs in the Next Decade
The 20 Fastest Growing Jobs in the Next Decade How is the Job Market Shifting Over the Next Decade? The employment landscape is constantly shifting. While agricultural jobs played a big role in the 19th century, a large portion of U.S. jobs today are in administration, sales, or transportation. So how can job seekers identify the…
I Received an Inheritance – Will I have to Share the Money with My Ex-Spouse?
The answer to this question can go in two different directions, depending on what the recipient did with the money. When evaluating a divorce, most states view inherited funds as separate property, whether those funds were received before or after the marriage. In Maryland (and in the vast majority of states), inherited funds are considered…
The Weekly Scenario: How Can a Trust Protect My Children’s Inheritance?
One of the main reasons for estate planning is to provide loved ones with protection from claims of future creditors and divorcing spouses or lawsuits. If you leave your property to your child as an outright distribution, the property will not necessarily be protected. ‘Spendthrift’ Protection There is a longstanding concept in trust law…