Menu

As we approach the end of the year, this is a good time to think about steps you may be able to take that will lower your tax bill for this year, and possibly for 2020 as well.

Business owners should review year-end tax planning steps they can take as individuals, in addition to the following moves that can be helpful for their companies.

It may seem obvious, but if you want to amend  your trust, you have to do it in precisely the right way, which in many cases, is spelled out exactly in the trust. Otherwise the courts may have no choice but to ignore your wishes.

A maintenance worker filed a lawsuit against his employer, alleging discrimination, unpaid wages and other violations of state labor laws. Shortly thereafter, at his employer’s request, he signed an agreement mandating arbitration of all employment-related disputes. Could he continue to litigate his claims, or did he have to submit them to binding arbitration?

It’s not uncommon for family members who are beneficiaries of a trust to squabble about how the terms of the trust should be interpreted. But what happens when a court decides to throw out part of a trust, and then has to figure out what the trustor intended?

Three people can keep a secret, declared Benjamin Franklin in Poor Richard’s Almanack – if two of them are dead. Lawyers are more optimistic, and believe those who sign a confidentiality agreement will keep their mouths shut. That includes attorneys.