Intersection of Account Beneficiaries & Wills
If you have an IRA or 401(k) plan, you have most likely completed paperwork for the issuing financial institution that designates account beneficiaries for the accounts’ assets after you pass. These types of account beneficiaries are common for accounts or products issued by financial institutions such as retirement accounts, life insurance policies, annuities and more. […]
Corporate Transparency Act: Build an Effective Plan for 2024 Compliance
March 2024 Update: In the case of National Small Business Association v. Yellen, the U.S. District Court for the Northern District of Alabama recently declared that the Corporate Transparency Act (“CTA”)—the new federal regulation requiring most small businesses to file a beneficial ownership information report this year with the Financial Crimes Enforcement Network (FinCEN)—is […]
4 Recommendations for Planning Your Work Holiday Party to Help Avoid Common Legal Hurdles
Are you looking forward to an in-person corporate celebration this holiday season? So are we! Since many of us took time off from celebrations or chose virtual options in 2020 and 2021, it’s probably a good idea to review this list to help evaluate legal considerations as the festivities draw near. Keep reading for four […]
Jefferson County Homestead Tax Exemption Benefits Homeowners Aged 65+
Are you 65 years of age or older? Do you own and occupy a home in Jefferson County? Act now to take advantage of Jefferson County homestead tax exemption If so, then you are eligible for a homestead tax exemption from the State of Alabama’s portion of taxes that have been included in your real […]
Commercial Lease Rent Payments & Typical Force Majeure Event Carve-out: A COVID-19 Exception
As with all clauses, specific breach types may be carved out of a force majeure clause. One of the more common examples is commercial leases that carve-out the tenant’s inability to pay rent. The court almost always enforces this carve-out on behalf of the landlord, holding the tenant responsible for payment – regardless of unforeseeable […]
Comparing Force Majeure & Change in Law Clauses
Both force majeure and change in law clauses are designed to afford protection for parties entering into contracts. How do they differ, and does your business require one or both in its commercial contracts? We’ve discussed force majeure clauses, so let’s begin with a brief overview of change in law clauses. The Basics: Change in […]
4 Best Practices for Force Majeure Clauses in Commercial Contracts
What is a Force Majeure Provision? The term force majeure literally translates from French to English as “superior force” and is commonly referred to as an “act of God”. According to Black’s Law Dictionary, the provision “is meant to protect the parties in the event that a contract cannot be performed due to causes which […]
How to File for Child Support in Birmingham, AL
Six Steps to File for Child Support Raising a child can be the most fulfilling job in the world. But, on the other hand, it might take a toll on you, more so financially, as the child will need a good education, food, clothing, health services, and so on. That’s why the government has laws […]
Factors to Know About Alabama Marriage Laws
What Should You Know about Alabama Marriage Laws? Tradition is such a big thing in Alabama marriages. Did you know that in more than 50% of Alabama weddings, the bride’s family foots the bill? In addition to most commonly holding traditional church weddings, Alabama brides often follow the Southern tradition of having large wedding parties […]
3 Facts about Alabama Postnuptial Agreements
3 Facts about Alabama Postnuptial Agreements Marriage is a legal contract. Many people do not look at it that way, but at the end of the day, marriage is a legal transaction. You enter into a contract with another person to be legally wed for the duration of your life, or until you both decide […]
