Articles

Solo/Small Firm Succession Planning Presentation

Posted on: Monday, September 26th, 2016 @ 10:34 am

On September 14, 2016, Chester H. Hobbs, IV presented information on Solo/Small Firm Succession Planning to the Estates and Trusts Committee of the Baltimore County Bar Association. Mr. Hobbs’ presentation provided critical information to attorneys on how to properly and successfully transition their firms into a new phase. Attendees provided excellent feedback on his presentation …

“Trusts from A to Z” National Business Institute Seminar

Posted on: Monday, September 26th, 2016 @ 10:27 am

On July 20, 2016, Chester H. Hobbs, IV spoke at the National Business Institute Seminar on “Trusts from A to Z” in Hagerstown, MD. As a guest speaker, Mr. Hobbs spoke about different trusts and the importance of providing all available information to clients as they set up future trusts. Mr. Hobbs also covered the …

5 Employment Laws You Do Not Want to Break: Entrepreneur

Posted on: Tuesday, May 24th, 2016 @ 4:41 pm

Do not label independent contractors as employees. It can be tempting to designate workers as independent contractors. After all, you don’t pay contractors overtime wages or benefits, nor do you have to remit payroll taxes on their earnings as you would for an employee. All of these extra things are very expensive for employers and …

Debtor’s Life Insurance Policy Belongs to Bankruptcy Estate: Bloomberg BNA

Posted on: Tuesday, May 24th, 2016 @ 4:26 pm

The cash surrender value of a debtor’s life insurance policy is part of the bankruptcy estate, a district court in Georgia held May 16. Judge J. Randal Hall of the U.S. District Court for the Southern District of Georgia looked to Georgia state law, and affirmed the bankruptcy court’s conclusion that the life insurance policy …

4 Things Debt Collectors Can’t Do: Credit Karma

Posted on: Tuesday, May 17th, 2016 @ 12:33 pm

It’s a call you never want to receive: A debt collector pursuing payments from you. But why are you being contacted? A debt collector may try to reach you if you haven’t been able to keep up with your bills or if a creditor incorrectly believes that you’re behind on payments. When it comes to …

How does probate without a will work?: AVVO

Posted on: Tuesday, May 17th, 2016 @ 12:16 pm

Choosing the estate’s personal representative A decedent’s will usually names an estate’s executor. Without a will, a personal representative performs the same functions as an executor. In some states, people must nominate themselves to become the estate’s personal representative. They will need to approach a court to be officially appointed as the personal representative of …

What failure to appear in court for a traffic ticket means for you: AVVO

Posted on: Tuesday, May 17th, 2016 @ 12:01 pm

What failure to appear in court for a traffic ticket means for you How to deal with a failure to appear in traffic court before it gets out of hand Posted on Apr 15 Failure to appear in court for a traffic ticket is often a more serious offense than the original ticket. While it’s …

5 Things Estate Planning Can Do for You and Your Business: Huffington Post

Posted on: Tuesday, May 17th, 2016 @ 11:30 am

You spent the last 15 years of your life building your business from ground zero to a million dollars. In the event of your untimely demise, the government slaps an estate tax or death tax on your business and reduces the worth of your business by 50 percent. Co-owners, family members, ex-spouses, jump out of …

Understanding and Calculating Alimony in Maryland: Divorce Net.com

Posted on: Tuesday, May 17th, 2016 @ 11:26 am

Alimony is a monetary award payable by one spouse to the other during or after a divorce. In Maryland, the court may award alimony to a spouse who shows financial need or if the court determines it is appropriate for other reasons. The goal of an alimony award is to maintain the standard of living …

The Most Important Estate Planning Issue Boomers Need To Address: Forbes

Posted on: Tuesday, May 17th, 2016 @ 11:20 am

If you’re like me, with parents who are retired but still very self-sufficient, concerns about elder financial abuse or my Boomer parents’ inability to handle their own affairs is seemingly something that their generation needs to worry about, not me. But as I reflect this Mother’s Day on how fortunate I am to still have …