Business owners often blur the distinction between successful entrepreneurial start-ups and companies that transition well to professionally-managed, vital companies with staying power. Our client, Jason Schreiber, CEO of Arialink, recently won an entrepreneurial award from The Greater Lansing Business Monthly and was recently asked to comment on his own success, and how he uses his philosophy to create value. (See article http://www.lansingbusinessmonthly.com/articles/206-2011-may/2200-telecommunications-entrepreneur-arialink.html)
The following article appeared in the April 21, 2011 of the Ingham County Legal News.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 significantly changed estate planning for 2011 and 2012. One of the key changes was to increase the federal estate tax exemption amount from $1 million to $5 million per person. So, for a married couple, they can theoretically pass a combined $10 million to their descendants without a federal estate tax. One of the other key changes was to provide for the “portability” or transfer of the exemption from the deceased spouse’s estate to the surviving spouse. This latter change may reduce some of the incentive to use living trusts.
Over the next several years, group health plans face significant new challenges under the lengthy and complex Health Care Reform Law. The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 and then was immediately amended by the Health Care and Education Reconciliation Act on March 30th (collectively, the “Health Care Reform Law”). The Health Care Reform Law drastically changes health care as we know it and requires immediate action and ongoing analysis and restructuring of benefits in the years to come.