News

Elder Law & Special Needs Journal publishes article by Lin Law’s Emily Ames

Posted by on Oct 29, 2020 in General, News | 0 comments

The following article by Attorney Emily E. Ames was published in the October 2020 issue of the Elder Law & Special Needs Journal of Wisconsin.   In re the Estate of David F. Oaks: ‘Gifts Causa Mortis’ Explained   This recent court of appeals case concerns the doctrine of “gift causa mortis,” a gift made in contemplation of the donor’s imminent death. Gift casua mortis, BLACK’S LAW DICTIONARY (11th ed. 2019). This doctrine operates as an exception to the general rule that testamentary dispositions must comply with...

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What is an estate plan, and why do I need one?

Posted by on Oct 9, 2020 in Estate Plan, Revocable Trust, Uncategorized, Will | 0 comments

At its most basic, an estate plan dictates how your assets will be managed and distributed upon your death. An estate plan can, and should, however, encompass more than just the disposition of your assets. It can include planning for future incapacity, estate tax mitigation, and burial and funeral arrangements, among other things. The following are some of the fundamental benefits of implementing an estate plan: You decide who inherits your assets upon your death. Without an estate plan, state law determines who inherits your assets. You...

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Maintaining limited liability under Wisconsin law

Posted by on Aug 7, 2020 in General, News | 0 comments

This article by Lin Law LLC’s Attorney Emily E. Ames was featured in the August 3, 2020 issue of The Business News. One of the primary reasons that businesses choose to organize as a separate legal entity, in the form of either a business corporation or limited liability company (LLC), is so that their shareholders, directors, and officers are shielded from personal liability for claims against the business. This concept is often referred to as “limited liability” or the “corporate veil.” The veil, however, it not absolute. Under...

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In the wake of COVID-19, many are considering their estate plans

Posted by on Jun 25, 2020 in Estate Plan, News, Revocable Trust, Will | 0 comments

This article by Lin Law LLC’s Attorney Emily E. Ames was featured in the June 22, 2020 issue of The Business News. In the midst of a global pandemic, people are spending more time at home and have more time on their hands. As a result, many are considering their estate plans, or lack thereof. When people think of an estate plan, they often think of a last will and testament, which is the foundation of any estate plan. For those concerned with avoiding probate of their assets upon death, they may also consider a revocable trust (sometimes...

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Should your high school grad’s college-readiness checklist include powers of attorney?

Posted by on Jun 18, 2020 in Estate Plan, News | 0 comments

Despite recent events, many high school graduates are now preparing to leave home, whether it be to attend college or join the workforce. While preparing for this enormous change in their child’s lives, many parents forget that they will no longer be able to make health care and financial decisions on their child’s behalf once he or she turns 18. Without the proper documents in place, parents must obtain a court order to exercise this authority on their adult child’s behalf, even if the child becomes incapacitated. For this reason, we...

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Hindsight is 20/20, even for Kobe Bryant

Posted by on May 12, 2020 in Estate Plan, News | 0 comments

In a previous post, The Estate of Kobe Bryant, we discussed some of the potential challenges facing Kobe’s wife, Vanessa Bryant, as the likely heir of Kobe’s sizable estate. Recent court filings have revealed some of the details of Kobe’s estate plan, including one major flaw. In March, the co-trustees of Kobe’s trust (his wife, Vanessa, and his former agent, Robert Pelinka, Jr.) petitioned a California court to amend the terms of Kobe’s trust to add Kobe and Vanessa’s youngest daughter, Capri Bryant, as a beneficiary. The...

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Happy National Healthcare Decisions Day!

Posted by on Apr 16, 2020 in Estate Plan, News | 0 comments

National Healthcare Decisions Day, celebrated annually on April 16, is a nationwide initiative to inspire, educate, and empower the public and health care providers about the importance of advance healthcare planning. But what, exactly, is advance healthcare planning? Broadly speaking, advance healthcare planning is the process of formulating and documenting your beliefs and wishes in connection with your health care. Issues to consider in this process include nursing home admission, end-of-life care preferences, and organ donation, just to...

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CARES Act Authorizes $349 Billion in Forgivable Small Business Loans

Posted by on Apr 1, 2020 in General, News | 0 comments

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), authorizing the United States Small Business Administration (the “SBA”) to issue up to $349 billion in forgivable loans to eligible small businesses through June 30, 2020. SBA §7(a)-approved lenders will be begin processing loan applications as soon as April 3, 2020. Under Section 1102 of the CARES Act, the “Paycheck Protection Program,” employers with five hundred (500) or fewer employees can borrow up to...

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The Business News publishes guest legal column by Lin Law LLC

Posted by on Mar 27, 2020 in Limited Liability Company, News, Succession Plan | 0 comments

The following article by Lin Law LLC’s Attorney Emily E. Ames was published in the March 30, 2020 issue of The Business News as Now is good time to review succession plan.   Preparing During a Pandemic: Does Your Business Have a Succession Plan? In the midst of a global pandemic and the corresponding uncertainty regarding the future, now is a good time to review your business’ succession plan (if you have one) or to start putting one in place (if you do not). Unsure whether you have a business succession plan? Two basic but...

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