Author: Linsi Tuttle
Employment Laws Trends You Need To Know
Posted on October 20, 2022
The COVID-19 pandemic has changed the landscape of employment law in many ways. Employers and employees alike must be mindful of these laws in order to create a solid legal employment standard and promote positive company culture. Small and medium-sized businesses across the country are struggling with labor shortages. Staying up-to-date with the latest employment laws and trends not only helps protect a company legally, but also helps attract and retain top talent. Having clear policies that comply with local, state, and federal employment laws is imperative to staying a […]
Reduce Tax Burdens With Smart Estate Planning
Posted on October 18, 2022
One of the key aspects of strategic estate planning is reducing the amount of taxes you pay. You worked hard to acquire and keep the assets you accumulated over your lifetime and any money that goes to taxes is money that does not go to your loved ones. If you are like most people creating an estate plan, you want to minimize the amount of taxes your heirs have to pay as much as possible. “Do it yourself” estate planning services often seem appealing to individuals hoping to draft estate […]
How To Recession-Proof Your Business
Posted on October 13, 2022
Business owners have been faced with seemingly endless challenges in the past few years. Shipping delays, labor shortages, and supply chain issues have forced many business owners to get creative in order to keep their businesses afloat. Lingering economic problems caused by the coronavirus pandemic and other international issues have added yet another layer of complexity to the mix, and business owners are scrambling to adapt. Many are wondering how they can recession-proof their businesses and protect themselves from the economic downturn. There is no one-size-fits-all solution to recession-proofing your […]
Retirement Planning Should Be Part of Your Estate Plan
Posted on October 11, 2022
Retirement planning is critical, and should ideally be started long in advance of your actual retirement date. By incorporating retirement planning into your overall estate plan, you can ensure that all your assets are properly handled and that necessary things like beneficiaries, transfer of ownership, and tax protection are in place for when you retire and also for when you pass away. For business owners, retirement planning is even more important. Retirement accounts and pensions must be addressed properly and thoroughly during retirement planning. There is an art to protecting […]
How Your Business Can Avoid Lawsuits
Posted on October 6, 2022
No business owner wants to deal with the headache and expense of a lawsuit. But unfortunately, even the most well-meaning businesses can find themselves on the wrong side of the law. The good news is that you can take steps to help avoid legal problems before they occur. One of the best ways to protect your business from lawsuits is to be proactive about risk management. This means taking steps to identify and mitigate risks before they result in legal action. You might perform regular safety audits of your workplace, […]
Steps to Take After a Loved One Dies
Posted on October 4, 2022
After a loved one dies, it can be difficult to know what steps to take. There is so much going on, and most people are not in the right mindset to be handling financial and estate matters after the death of a family member. Many people in this situation get overwhelmed and accidentally miss important steps. If someone close to you has recently passed away, make sure to address the following concerns. Tasks After a Family Member Passes Away If a very close friend, spouse, parent, sibling, or other loved […]
Retirement Plans Are Becoming Mandatory. Does Your Business Have a Good One in Place?
Posted on September 27, 2022
Illinois now requires employers with at least five employees to offer a retirement program of some kind. For businesses with 16 to 24 employees, the deadline for establishing a retirement plan is November 1, 2022. For businesses with 5 to 15 employees, the deadline is November 1, 2023. Regardless of your business’s size, retirement benefits are crucial. Individuals of all ages are increasingly concerned about retirement and many fear the end of social security. Workers want competitive retirement plans with a high match rate. If you want your company to […]
What Happens to Your Property If You Die With A Mortgage?
Posted on September 22, 2022
Whether you are creating your own estate plans or a relative has recently passed away, dealing with estate planning matters can be confusing and overwhelming. If you are like most people, you are probably filled with questions. One of the most pressing questions is what happens to a deceased person’s financial obligations. For example, if someone still has a mortgage when they pass away, what happens to the property? Does the executor sell the property? What if there are other individuals still living in the home? What Happens to Debts […]
Are You Prepared To Handle Internal Employee Disputes?
Posted on September 20, 2022
Unfortunately, even with many people remotely working these days, employee confrontations and allegations still exist. This is a big cause for legal issues that arise within the human resources arena. How a company handles employee allegations and disputes directly reflects on the business’s company culture. Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the Occupational Safety and Health Act (OSHA) are just some of the laws requiring employers to thoroughly investigate employee allegations. Employers must investigate claims of harassment, discrimination, safety violations, and […]
Can You Access The Bank Accounts Of Deceased Family Members?
Posted on September 15, 2022
If your family member passes away but has no legal documents explaining who should receive what assets and only had their own name on the bank accounts, what happens to the funds in the accounts? What legal action can you take at this point? Questions like these are vital to consider. When an individual does not have any estate planning documents in place or have other individuals on their bank accounts, surviving family may be left with many more questions than answers. This is why it is so important for […]
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