Archive: June 2017

  • Attorney undermines estate plan of wealthy philanthropist

    June 13, 2017

    Richard Donahue, having no children of his own, treated his nephew, David Barnes, very much like a son.  While Richard did not discuss the details of his $30,000,000 estate with his nephew, David was told that he would eventually be appointed as Trustee of his trust. Richard also advised David that he would have Richard’s […]

  • M&A Market Shift Ahead?

    June 13, 2017

    “I’ve seen very good, credible, financeable buyers out there that are having a hard time finding good businesses.”

  • Selling Your Business to a Family Member

    June 12, 2017

    Business owners can spend decades building the value of their business with the intention of one day transitioning that business to a family member. There are a number of key considerations to evaluate when planning the sale of your business to the next generation. First, you can never start planning too early. There are many […]

  • Resetting the Table

    June 8, 2017

    The Removal of Uninvited Guests In October 2016, we informed you of two Obama-era Department of Labor Guidance Memos (2015 and 2016) which opened up many employers to a host of employment issues for individuals hired as independent contractors or under some degree of contractual control.  We suggested, only partially tongue-in-cheek, that employers should consider […]

  • Reduce Risk with a Cybersecurity Policy

    June 6, 2017

    (June 6, 2017) As cyberattacks become increasingly common, businesses are confronting risks previously only seen in works of fiction. Cybercriminals steal users’ identities, make fraudulent purchases, and disrupt everything from travel to essential emergency services. With this in mind, New York recently became the first state to impose minimum cybersecurity standards on financial services companies. […]

  • Retired Elderly Physician Seeks to Maintain Independence

    June 4, 2017

    92-year-old Dr. Frank Griffin came to Rhoades McKee looking to retain his independence. His children believed that his age and his relationship with a much younger woman clouded his judgment and had petitioned the Probate Court to appoint a guardian and conservator for him. After retiring from a successful medical practice, Dr. Griffin had substantial […]