Do you want to leave your children with an inheritance, but are worried about creditors taking part of that inheritance? If so, you are not alone. Fortunately, a properly established protective trust can help safeguard the money you leave behind for your children from their creditors, including in a divorce. Creditors can more easily reach your children’s inheritances if it is given to them directly, outside of a trust. However, creditors would have more hurdles to jump through to reach your children’s inheritance if it is held in a protective trust. Therefore, many parents add extra protections for their children…
As employers move forward with their plans for reopening, they should be aware of recently issued guidance from the Occupational Safety and Health Administration (OSHA) regarding confirmed cases of COVID-19 as a recordable and/or reportable illness. Although OSHA initially provided certain exemptions for employers regarding COVID-19, it has rescinded that previously released COVID-19 illness recording guidance—as well as its prior enforcement plan regarding inspections—and issued revised guidance effective May 26, 2020. Below are the important changes from the revised guidance. Revised COVID-19 Illness Recording Guidance OSHA has rescinded its prior guidance in which it limited certain employers’ obligation to determine…
The coronavirus crisis has altered nearly every facet of our lives, including investment and estate planning. Shareholder Jennifer D’Amato recently participated in a Table of Experts discussion: The COVID Calculation – The current pandemic is upending many investment and estate-planning strategies from the Milwaukee Business Journal that focused on how individuals and business owners are adapting as the pandemic continues, including how COVID-19 has altered planning timetables and financial strategies. If you have any questions about your business succession or estate plan, please contact your Reinhart attorney. Please visit Reinhart’s Coronavirus Resource Center for additional up-to-date information. Continue Reading…
The coronavirus crisis has up-ended nearly every facet of our lives, including investment and estate planning. Shareholder Jennifer D’Amato recently participated in a Table of Experts discussion from the Milwaukee Business Journal with Joe Maier from Johnson Financial Group about how individuals and business owners are adapting even as the pandemic continues, and normal life as we know it has most likely changed for the foreseeable future. If you have any questions about your business succession or estate plan, please contact your Reinhart attorney. Please visit Reinhart’s Coronavirus Resource Center for additional up-to-date information.…
The new Paycheck Protection Program loans are meant to encourage small businesses to keep their workers employed through the COVID-19 crisis. Here’s some new guidance on loan forgiveness. The new Paycheck Protection Program (PPP) makes available low-interest and potentially forgivable loans typically to businesses that employ fewer than 500 people. Borrowers and their advisers have struggled to understand the forgiveness aspect of the PPP since the program was enacted as part of the Coronavirus Aid, Recovery, and Economic Security Act (CARES Act). Patrick J. Maxwell, Melissa McCord, Liz E. Peebles address two new interim final rules on loan forgiveness issued…
The Families First Coronavirus Response Act (FFCRA) expanded paid sick leave, as well as paid family and medical leave for employees who are not working for various reasons related to the coronavirus.  The bill that was signed into law on March 18, 2020 is not as detailed as the subsequent guidance being issued by the Department of Labor and the Internal Revenue Service.  The details provided by DOL and the IRS for FFCRA have some surprising elements.  This blog post shares three of those surprises with you. The paid leave requirements do not take effect until April 1, 2020.…
A wellness professional recently asked a wide audience what the future of wellness will look like post-COVID19.  I responded that the overlap between occupational health and workplace wellness would increase.  The COVID-19 virus has without a doubt raised awareness and concern about germs and their spread.  Protecting workers from safety hazards, including germs, has been in the occupational health wheelhouse for a long time.  Employee sensitivity to germ exposure and the anxiety that can develop alongside such sensitivity has a direct, and heavy impact on employee wellbeing.  Articles abound discussing both the short-term and long-term impact this pandemic will have…
As the coronavirus pandemic continues to run its course, Wisconsin employers should be prepared for an increase in claims arising from job losses caused by pandemic shutdowns and related employment decisions. While much attention is rightfully given to federal employment laws, it is important to note that state laws can – and often do – vary considerably from federal laws. Importantly, when two or more laws apply to an employee, the employee generally receives the benefit of the most favorable provision. That said, understanding nuances between state and federal law can reduce legal liability. This article highlights what employers should…
The federal government acted swiftly in passing the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), including the Payroll Protection Program (“PPP”) component, to mitigate the financial impact of the COVID-19 pandemic. While the quick action by the government has put money quickly into the hands of small businesses, the government agency responsible for implementing this massive new program, the Small Business Administration (“SBA”), has had to play catch-up to issue guidance and rules to fully implement it. This Legal Update provides considerations related to the receipt of federal funds, which may be particularly useful to those borrowers…
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some credit protections for consumers, according to a recent blog post from Ray Dall’Osto and Chris Hayden of GRGB Law in Milwaukee. In addition, amidst an uptick in fraud and scams, the authors note that “the Federal Trade Commission announced in May 2020 that an agreement has been reached with the nationwide credit reporting companies to allow for free, weekly credit reports, not just one free report per year.” Read the full blog post. See more articles and notices on the table of contents page for the Coronavirus &
(This blog is about ridiculousness so I am using a stately stock gavel as the accompanying image.) In my ethics nerd friend circles, we often discuss “those cases.” “Those cases” either involve attorney discipline or judges admonishing attorneys for allegedly bad behavior outside of the disciplinary cases; they’re not of great importance or precedential value by themselves. But they act as cautionary tales and generate extra publicity and discussion (at least in my ethics nerd friend circles) because they involve some combination of vulgarity, sex, “really, you have a law license and thought this was a good idea?” and/or general…
Are you documenting all your intercompany transactions? If your transactions with a foreign affiliate exceed $10 million, your U.S. company is in danger of an IRS transfer pricing adjustment and a penalty. There are currently more transfer pricing adjustments at stake in the U.S. Tax Court than all other tax issues combined. Suppose, for example, that ForCo sells widgets to USSub, a distribution company in the United States. USSub has the use of ForCo’s unique distribution software. If USSub has difficulty collecting from customers, USSub has the use of ForCo’s collection staff. Such a simple scenario for conducting business in…
Jake has the 2019 gold standard numbers, and they are just terrible. Wisconsin’s rate of job growth started to decline in mid-2016, and has pretty much gone down since then, with the except of a Bubbly 6 months after the GOP Tax Scam was signed into law. But last year was a new depth, with barely more than 5,000 jobs added from December 2018 to December 2019, and we even slipped below 0 in November before a small rebound in the last month of 2019. Jake compares the jobs picture in Wisconsin with Minnesota, and the comparison does not…
By Attorney Jennifer Hayden of Petrie + Pettit S.C. The Division of Energy, Housing, and Community Resources has partnered with the Wisconsin Community Action Program Association to provide “direct assistance” for struggling Wisconsin tenants by way of 25 million dollars allocated to agencies across the state. Tenants who meet certain income and need eligibility can apply for the funds through the Wisconsin Community Action Program Association which will then issue payment directly to the Landlord on behalf of the Tenant.  Since this program will require the tenant to apply directly for the monies, if you have not already done so,…