News & Insights - Page 19 of 23 - Neufeld O'Leary & Giusto

The pros and cons of asserting a “good faith” defense

In certain types of cases, including antitrust and patent matters, “good faith” is a commonly asserted defense. However, claiming “good faith” is not without risk– doing so may force a defendant to reveal attorney-client communications. Companies faced with impending litigation need to consider the advantages and disadvantages of relying on a good faith defense particularly … Read more
Appellate Court finds post-operative treatments fall under Family Medical Leave Act
Beware: Considerations for Estates of Decedents who Owned Guns
Access to Neighbor’s Property for Repairs and Improvements
Can Beneficiaries be Deterred from Making Frivolous Challenges to Your Will?
Get your contracts in writing: New York court only provides a limited exception to the rule
Suing over a trust? How to get into federal court.
Latest Discrimination Rules in NY Mean More Risks for Employers
Don’t Leave your Heirs with Problems Probating your Will
Tax Benefits of Converting a C-Corporation to an S Corporation

The pros and cons of asserting a “good faith” defense

In certain types of cases, including antitrust and patent matters, “good faith” is a commonly asserted defense. However, claiming “good faith” is not without risk– doing so may force a defendant to reveal attorney-client communications. Companies faced with impending litigation need to consider the advantages and disadvantages of relying on a good faith defense particularly … Read more

Appellate Court finds post-operative treatments fall under Family Medical Leave Act

Evaluating medical conditions for purposes of Family Medical Leave Act (FMLA) claims can be challenging for employers especially as new court decisions continually reinterpret employer obligations. FMLA is a federal statute, which applies to employers with 50 or more employees.

Beware: Considerations for Estates of Decedents who Owned Guns

Leaving a gun to someone in your will can present a number of complications in the administration of your estate. New York law doesn’t allow an executor or beneficiary to simply take possession of a gun when they take over the estate of a gun owner. There are issues pertinent to gun ownership which must be considered in order to avoid complications and potential legal liability in estate planning and estate administration.

Executor responsibilities

Access to Neighbor’s Property for Repairs and Improvements

When properties are close together, it can be difficult to repair or make improvements to your own property without accessing a neighbor’s property. Particularly within New York City, you will often be required to place protective structures on your neighbors’ property in order to get a permit. While the best solution to obtain access is to negotiate directly with your neighbors, what if negotiations fail? How can you still gain entry to the other property?

Can Beneficiaries be Deterred from Making Frivolous Challenges to Your Will?

When an individual wants to disinherit a family member, an “in terrorem” or “no contest” clause in his/her will can be effective. The clause can deter challenges to a will, but it does have its limits and should be used carefully.

Get your contracts in writing: New York court only provides a limited exception to the rule

New York law requires that certain contracts must be in writing to be enforceable. The law, known as the Statute of Frauds, also has several well-recognized exceptions. In a recent decision, the New York Court of Appeals officially adopted the promissory estoppel exception, but made clear it only applies in limited circumstances. As a result, individuals and businesses that don’t insist on written contracts still take a big risk that they won’t be able to enforce their agreements.

Suing over a trust? How to get into federal court.

Trusts are generally governed by state law and as such, disputes are usually handled in state courts. However, in some situations, suing in federal court may be an option and may have potential benefits to a party.

There are several reasons why a party may want its action adjudicated in federal court:

Latest Discrimination Rules in NY Mean More Risks for Employers

Companies with NY employees need to be aware of two recent legal developments which impose new liability under discrimination rules. There are already an array of different federal, state and local statutes which protect employees (and potential employees) from discrimination on many grounds, including sex, race, disability, and even felony conviction status. These rules impact not only New York based companies, but also out-of-state businesses that require New York employers to follow their employment practices.

Don’t Leave your Heirs with Problems Probating your Will

Typically, probating your will is a straightforward process, but sometimes issues can arise especially when a will was executed years ago and witnesses have died or moved, or the attorney who drafted the will and oversaw its execution did not follow industry “best practices.” These issues could create problems for your chosen executor when he/she seeks to probate the will.

Tax Benefits of Converting a C-Corporation to an S Corporation

Many small companies are set up as Type “C” Corporations (“C Corp”), particularly those which have been in existence for many years. However, C Corps are subject to double taxation, and as a result, businesses may want to consider converting to an S Corporation (“S Corp”) to reap the tax benefits.

Tax treatment of C Corps vs S Corps

C corporations must pay taxes on earnings at the corporate level. In addition, their shareholders are also separately taxed on amounts distributed to them as dividends. Therefore, each dollar earned by a C Corp is taxed twice before it reaches the hands of the corporation’s shareholders.