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How to Manage a Windfall

By MendenFreiman LLP |

Coming into a large sum of money (whether from an inheritance, a gift or a legal settlement) is a good thing, but it can also have its down sides. A study of Florida lottery winners found that more than five percent of winners declared bankruptcy within five years. Managing a windfall responsibly — with… Read More »

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Leasing Property to Your Business Might Trigger Undesirable Tax Consequences

By MendenFreiman LLP |

If you own property and a business, there is an obvious temptation to lease the property to the business. Such an arrangement can make sense from many perspectives. You are no doubt familiar with the property and its advantages to your company. The deal could be carried out quickly, and the money would stay… Read More »

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The Importance of Reviewing (and Updating) Your Estate Plan

By MendenFreiman LLP |

You have an estate plan; you probably even remember creating it. Making the decisions and pulling together the documents was probably time consuming and tedious. The initial process of creating an estate plan can be so painful and involved that people may avoid reviewing it again for years. Life events such as marriage, separation,… Read More »

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Why You Should – or Should Not – Pursue an Acquisition

By MendenFreiman LLP |

Like so many aspects of national and global economies, merger and acquisition (M&A) activity tends to wax and wane. Nonetheless, billions of dollars continue to change hands annually; and an acquisition can be a great way to grow a business. So if one of these deals comes your way, it is important to carefully… Read More »

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GA Has a New UPOAA Effective July 1, 2017

By MendenFreiman LLP |

Georgia has adopted a new Power of Attorney Act that goes into effect on July 1, 2017. The new Uniform Power of Attorney Act (UPOAA) replaces Georgia’s prior statutory Power of Attorney form and makes other significant changes to the law. Powers of Attorney executed prior to July 1, 2017 will remain valid; however,… Read More »

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Going on Vacation? Do Not Leave Home Without Estate Planning.

By MendenFreiman LLP |

School is out for the summer and many families are packing for a trip to the beach or heading to the airport for a long-awaited vacation. This extra time with our families reminds us of what is really important in life and it should also prompt us to take measures to provide for them… Read More »

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20 Interesting Facts About Memorial Day

By MendenFreiman LLP |

Observed on the last Monday in May, Memorial Day is a major remembrance day that deserves our attention. It is a day where we come together to remember the sacrifice of many for the freedom all of us enjoy today. MendenFreiman is filled with gratitude for the courageous men and women of our armed… Read More »

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Potential Tax Reform & Its Impact on Small Business

By MendenFreiman LLP |

The White House announced its tax reform plan on Wednesday, April 26, 2017, by releasing a breakdown of the key points of the plan in what is likely to be the opening bid of a long negotiation process. Of particular note for our business clients is the aggressive cut in corporate tax rates to… Read More »

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Reviewing Your Company’s Buy-Sell Agreement

By MendenFreiman LLP |

If you own a business and follow professional advice, you have likely established a buy-sell agreement in case you or a co-owner voluntarily or involuntarily leaves the company. Assuming this is true, remember that it is not enough to draft an agreement and put it in a safe place. You need to review and… Read More »

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