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Updates to the ABLE Act
What is the ABLE Act?
The North Carolina Achieving a Better Life Experience (ABLE) Act was signed into law in 2015. The ABLE Act enables individuals with special needs or their families to open savings accounts that do not count as assets (within stated limits) when determining eligibility for Medicaid, Supplemental Security Income (SSI), or other government benefits. These savings accounts are intended to cover qualified disability expenses for the individual with the disabling condition. This may include housing, transportation costs, assistive technology, job training, and more. The IRS determines which expenses qualify.
What Should I Do If Someone Sues My Company?
There are few things that can cause panic, fear, or confusion like being served with a lawsuit, whether it is against you personally, against your business, or in many instances, both. If you find yourself or your company served with such a lawsuit, how you choose to respond is critically important. Don’t give in to the temptation to act or respond brashly. Instead, stop and think before you react.
Estate Planning: Are You Prepared?
Settling estates for loved ones who pass without a will (“intestate”) can be a stressful, lengthy, task intensive, and sometimes even contentious process. Unfortunately, whenever finances or precious belongings are involved, it can become a source of infighting among families, even close-knit ones.
ADA Compliance: What Employers Need to Know
The Americans with Disabilities Act of 1990 (and its subsequent amendments) has had far-reaching consequences over the past thirty-plus years, and new best practices continue to emerge as the law evolves through government rule-making, court decisions and technological advancement.
Brinkley Walser Stoner Mourns Mentor, Friend
With a heavy heart, we mourn the passing of long-time member Charlie McGirt. Charlie joined the firm in 1961 and recently celebrated 60 years of practicing law. He died on September 2 after a recent illness. A memorial service will be held at 2:00 p.m. Thursday, September 8 at First Presbyterian Church in Lexington.
Collecting What Your Business is Owed
Cash flow matters when you are operating a business. When a customer does not pay on time, you can be put in a position of being unable to easily pay your bills without borrowing money. When a late paying client becomes a potential write-off, it may be time to take legal action.