Posts From January, 2011

Fire, Rehire


FIRE, REHIRE

Published: The Deal
Date: Vol. 4 No. 10 February 20-26, 2006
BUYERS BEWARE. THE COST OF RESOLVING UNFINISHED EMPLOYEE ISSUES CAN EXCEED ANY COST SAVINGS IN AN M&A DEAL

You may think that if you acquire the assets of a business, your liabilities will be…

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Definitely Not ‘Yours, Mine and Ours’


Definitely Not ‘Yours, Mine and Ours’

By Philip A. Toomey
Tips on Legally Protecting Your Customer Database

Sure, it’s a nice feeling when you’ve inspired an employee to start his or her own enterprise, but it’s like a cup of cold water thrown in your face when…

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Checks and Balances

Published: Progressive Grocer

Date: April 1, 2006

The shrink reports issued by the National Supermarket Research Group of Scottsdale, Ariz. serve as perennial reminders to supermarket operators that they should look closely at prospective employees. According to the latest survey, 57 percent of retail inventory losses in 2003-04 were attributable to…

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A Price to Pay


A price to pay

Published: Electronics Supply & Manufacturing
Date: 02/01/2006
By Crista Souza

Technology companies fought long and hard to avoid the onerous burden many felt the Sarbanes-Oxley Act of 2002 would impose upon their operations and competitiveness.

They lost.

Today, SOX, as the anti-corruption legislation is…

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Post-Death Trust Administration Checklist (Revised 3.22.11)

This checklist was last revised March 22, 2011. On December 17, 2010, President Obama signed into law new estate tax legislation as part of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“TRA 2010”). The bill retroactively reinstated the federal estate tax for 2010; increased the federal estate tax exemption to $5,000,000 per person; increased the federal gift tax exemption to $5,000,000 per person;…

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Carico Johnson Toomey Partners Again Recognized In Southern California Super Lawyers For 2010 LOS ANGELES County


CARICO JOHNSON TOOMEY PARTNERS AGAIN RECOGNIZED IN SOUTHERN CALIFORNIA SUPER LAWYERS FOR 2010
LOS ANGELES COUNTY

Partners Philip A. Toomey and Christopher D. Carico have been recognized in 2010 Southern California Super Lawyers as among the top lawyers in employment law and estate planning, respectively.

Mr. Toomey was previously recognized in Super Lawyers Magazine…

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Estate Planning & Required Minimum Distributions

ESTATE PLANNING & REQUIRED MINIMUM DISTRIBUTIONS

INTRODUCTION

Effective estate planning for retirement benefits requires understanding rules created by the income tax laws mandating minimum distributions from the client’s retirement accounts. These income tax laws are found primarily in Internal Revenue Code 401(a) and Treasury Regulation 1.401(a)(9)-0 through 1.401(a)(9)-9. Proper planning also requires an understanding of the non-probate transfer rules under California law found in Probate Code 5010 through 5032. Finally, it necessitates an appreciation…

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