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Can an unsigned copy of the Will be accepted into probate?

It is already devastating enough when a beloved family member passes away. It is even more devastating when no one is able to locate neither the original Will nor a copy of the signed Will. What happens is these situations? Can an unsigned copy of the Will be accepted into probate? The “Harmless Error” Rule Section…

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The Weekly Scenario from Steve Shane – 7.15.13

Question:  What is a “Dynasty” Trust and what is it generally used for? Answer:  A Dynasty Trust is a trust that is intended to last for multiple generations for the purpose of building wealth.  As a little background, years ago Congress enacted a generation skipping transfer tax designed to curb the wealth building effects of…

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Read|Delete 7.12.13

Picking the Best Fruit Most Private Equity executives agree that the ideal target is not a train wreck but a firm with just a few areas that need improvement. Sometimes a firm has grown too big and complex for the founder to manage alone. The company may need financing, help in streamlining systems and operations…

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What happens to a Will or Beneficiary Designations after a Divorce?

Divorce is a messy, emotional topic. It makes sense that parties involved want to get in and get out as quickly as possible, allowing them to put this difficult time behind them. However, it is important to make sure you cover all of your bases during the divorce process to make sure every last loose…

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Friday Factoid – 7.12.13

In many cases, companies can generate substantial additional revenues by licensing or selling their intellectual property assets outside their ordinary course of business.  In 2012, AOL agreed to sell to Microsoft approximately 800 patents and license approximately 300 additional patents for a deal price of $1.056 billion. Source: http://www.forbes.com/sites/abrambrown/2012/04/09/aol-to-sell-license-patents-to-microsoft-for-nearly-1-1-billion-aol-shares-soar-35/

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Securities and Exchange Commission (SEC) Approves Social Media for Company Disclosures

In July 2012, Netflix Inc. (NFLX) Chief Executive Officer Reed Hastings posted the company’s monthly viewership results on his Facebook page rather than as an approved Securities and Exchange Commission (SEC) filing or news release, prompting more than a few people to question the legality of such an action. Hastings wrote that the company’s video-streaming…

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Compensation and Compliance Matters Archive: January – June 2013

CFPB Proposal Draws Line between Tellers and LOs – June 28, 2013 Deloitte Incident Highlights Compliance Risk for Lenders – June 21, 2013 Simplifying the 3% Points and Fees Rule – June 14, 2013 CFPB Officially Mandates Compliance Infrastructure – June 7, 2013 QM Cap Discourages a Form of Broker Comp – May 31, 2013 The CFPB Will…

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Do Not Start Reclassifying Your Loan Officers

Do Not Start Reclassifying Your Loan Officers – July 5, 2013

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The Weekly Scenario from Steve Shane – 7.8.13

Question:  Who should I select as Trustee of my trust? Answer:  In selecting a Trustee, you have a number of options. Of course it goes without saying that the first question to ask is always what is the objective of the trust as this will determine the direction that is taken, Trustee or otherwise. A…

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Friday Factoid – 7.5.13

On May 3, 2013, the Pulitzer Prize-winning author of To Kill A Mockingbird, Harper Lee, sued her literary agent, claiming he tricked her into assigning the copyright on her book to him. Source: http://in.reuters.com/article/2013/05/03/entertainment-us-usa-mockingbird-lawsuit-idINBRE94210Z20130503

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