Beat the 45% estate tax with an Irrevocable Life Insurance Trust and give your family what they deserve.

With the estate tax rate at 45 percent, an Irrevocable Life Insurance Trust can make the difference between your family getting everything you want them to and giving up nearly half to taxes. An Irrevocable Life Insurance Trust (ILIT) offers a host of benefits, such as providing liquidity to an estate and ensuring that your beneficiaries get the most from your life insurance. An ILIT can also provide benefits to beneficiaries without being included in one’s gross estate. But getting the most out of an ILIT also includes timing the creation of the trust and the application for life insurance carefully. Click here to learn more about how an ILIT can help your beneficiaries avoid costly taxes and how Tuesley Hall Konopa can help you plan so that your loved ones get the most from your estate. Even if you hit delete, your electronic documents may come back to haunt you. If your business becomes involved in litigation, or if an event has occurred that makes litigation a likely possibility, you have a duty to preserve relevant electronic data for use in your case. Depending on the nature of the dispute, this may include documents such as sales and inventory records, employee e-mails, and internal documents such as policy and procedure manuals over a period of months or years.

And just because you may have already thrown these documents into your virtual trash, you may still be required to recover them.

Click here to learn more about how Tuesley Hall Konopa can help you manage electronic discovery so you can save time and money in litigation.

Are the COBRA changes under the 2009 Stimulus Act going to affect your business?

Known as the "Stimulus Bill," the American Recovery and Reinvestment Act (ARRA) was signed into law by President Obama on February 17, 2009. The $787 billion stimulus package will have a far-reaching affect on the country’s economy and for every American employer. As part of this stimulus bill, the government is providing a nine-month subsidy covering 65 percent of the COBRA premiums for “Assistance Eligible Individuals” (AEI), effective immediately for workers who were laid off between September 1, 2008, and December 31, 2009. Employers are required to provide the 65 percent subsidy, and will later receive a reimbursement from the government in the form of payroll tax reimbursements. The new COBRA subsidy poses daunting administrative challenges for employers. Failure to provide timely notice and meet the notice requirements under COBRA can lead non-compliance and civil penalties under ERISA.

Click here for a checklist of employer and plan administrator action items.

Unsubscribe