24 October
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Performing Well in High Pressure Situations
We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....
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Estate Planning Takeaways from Lamar Odom’s Medical Nightmare
in Bobby's Blog
Former NBA star Lamar Odom was on the verge of death totally incapacitated. He needed the assistance of a breathing tube and many worried he would suffer permanent, debilitating brain trauma. Fortunately, his health has improved and it looks like he will pull through, but this incident is a prime example of why it is so important to regularly review and update your estate planning documents. Lamar Odom was married to Khloe Kardashian, but the couple was not on good terms and had signed divorce papers, but they were not finalized. This meant Kardashian possessed legal authority to make medical decisions on Odom’s behalf, despite the turmoil in their relationship, according to Investment News. Since the couple remained legally married Kardashian controlled these vital decisions. The takeaway - when you are going through a divorce, you need to take the time to do a top-to-bottom analysis of estate planning documents. Ask yourself...
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Bobby’s Article Featured in the 2015 Fall Issue of Access National Bank’s GovCon Innovation Newsletter
Bobby is the President of InSightLaw and has spent years building the firm seeing it grow tremendously. He decided to share his experience as a business owner and provide key tips to fellow business owners by publishing How to Retain Key Employees to Help Grow and Transition Your Business in the 2015 Fall Issue of Access National Bank's GovCon Innovation Newsletter. Bobby talks about how smart business owners should work to keep key people long term with the company, irrespective of whether or not they become future owners. One strategy Bobby recommends is offering "phantom stock" or "stock appreciation rights" rather than actual stock. This helps align your employees’ goals with the owners’ goals without having to distribute actual shares of stock. Read more of Bobby's article here. Part 1 of Bobby's article was published and Part 2 is be mailed out in the near future....
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Simple Estate Planning for Your College Kids
in Bobby's Blog
It is a day most parents dream of, and dread, all at the same time – their child makes the voyage into adulthood and heads off to college. Keep in mind, even though you may view your son or daughter as a child, in the eyes of the law, when they turn 18, they are a legal adult. As a result, they need to have some essential estate planning documents in place. An estate plan is critical since it provides directives on who will be appointed to make medical and financial decisions in the event your son or daughter is unable to do so. Obviously, this is a scenario no parent wants to contemplate, but it is better to be safe than sorry. Lack of Assets Not an Issue Not many college-aged kids even think about drafting an estate plan. This may be due to the mistaken belief that you need assets like...
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Dispute Over Robin Williams’ Estate Ends
in Bobby's Blog
Robin Williams' widow and three adult children from previous marriages ended their legal dispute over the legendary comedian's estate. Mr. Williams' estate had an estimated value of $100 million and the dispute centered on a myriad of personal items. Mr. Williams died in August of 2014 and his children were the beneficiaries. However,the actor also included a provision in his plan that provided for his wife, Susan Schneider Williams, whom Mr. Williams married fairly recently in 2011. Schneider argued that she was not receiving enough money to maintain the home she owned with Mr. Williams in Tiburon, California.Meanwhile, his children claimed their stepmother was "adding insult to a terrible injury" by trying to change the terms of their father's trust, according to the Huffington Post. How did the estate dispute end? The terms of the resolution have not been released to the public. However, counsel for Ms. Schneider stated that she will receive enough support to continue living in her home for the rest of her...
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Heading Committees, Leading Corporate Meetings and making Powerful Presentations
We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....
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Making a Difference…After Death
in Bobby's Blog
IndyCar driver Justin Wilson died after suffering injuries sustained during a race accident. The 37-year-old driver was struck in the head by debris from another driver's car during the single-seater series at Pocono Raceway in Pennsylvania, according to CNN.com. The loss of this bright, rising star was devastating to his family, friends, loved ones, and the racing community in general. However, one bright spot in this moment of darkness is the fact that Wilson was an organ donor and that decision made a tremendous impact on the lives of others in need. Wilson's younger brother Stefan, who is also an IndyCar driver, revealed that his brother’s organs helped to "save six lives today." "He just keeps setting the bar higher," tweeted Wilson, who is also a competitor in IndyCar, according to the aforementioned CNN.com article. Wilson’s story may, hopefully, help dispel some of the myths and inaccuracies surrounding organ donation. For example, some people...
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Same-Sex Couples May Need to Review Estate Plans
in Bobby's Blog
Obergefell v. Hodges, the historic Supreme Court decision requiring all states to recognize legally valid same-sex marriages, will certainly have rippled effects in the estate planning world. Why? Because couples in the LGBT community need to now review their estate plans to determine whether the language used to transfer assets to their significant other is still legally accurate and valid. Many states, including Virginia, did not recognize same-sex marriage prior to the Obergefell decision, so many LGBT couples opted not to put together estate plans where their significant other received assets for fear that they may not be legally valid upon their death. In addition, even if LGBT couples decided to put together an estate plan, they may have done so with under a civil union or domestic partnership agreements. These agreements offered some protections and benefits, but not at the same level as a married couple. For example, married couples are...
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