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Compared to traditional trusts, what exactly is the Social Security Trust Fund of the Social Security Administration of the United States, how does it operate, and how does it affect our lives? by Kurt R. Bachman
The Social Security Trust Fund (hereinafter, the “Trust Fund”), essentially, is the fund used to pay the benefits of retirees, their spouses, various dependents, and persons with permanent disabilities. The Trust Fund is composed of all the taxes earned on the income of American workers that have been collected and earmarked for this purpose, plus any interest gained on those tax revenues. The Trust Fund is sustainable as long as the tax revenues and interest are greater than the payouts. Whereas the Trust for your estate planning likely has one or two Trustees (in other words, those who administer the […]
‘Largest classroom’ by Bruce R. Haines
Saturday, April 18, 2020 1:00 am ‘Largest classroom’ PBS offers assistance to from-home educators Bruce R. Haines Public television, which started life as “educational television” in the 1950s, is now providing emergency at-home learning services to assist students, families, teachers, administrators and school systems across Indiana now closed in response to COVID-19. The state’s eight public television stations, including PBS Fort Wayne, are partnering with the Indiana Department of Education to offer at-home learning experiences for students in grades K-12 that align with Indiana curriculum standards. This crisis response builds on years of public television’s success in education. PBS reaches […]
Will my attorney be able to assist me during the COVID-19 event? by Heidi Adair
As I write this article, our world is in the midst of navigating through the implications of the coronavirus. Many clients are wondering if they will be able to get the legal assistance that they need. This event has caused me to think back to how technology has changed over my law career. When I began my law career in 1994, I didn’t have a computer on my desk. We had one computer in our library for computerized legal research, but needed permission to do a search for fear of the search cost. And I remember how excited my husband […]
Choosing What Type of Business to Form in Indiana by Michael Hoffman
Whether you are an entrepreneur eager to open your first business, or someone looking to expand upon their current business, the decisions surrounding the formation of a business can be tough. There are many different types of businesses, each with their own set of positives and negatives. It is important to choose the right type of business for your situation. Once you know the type of business you want to form–limited liability company, corporation, etc.–it must be set up according to Indiana law. Speaking with an Indiana business law attorney is an essential step in the formation of an Indiana […]
The Basics of Divorce in Indiana by Ryan Gardner
Making the decision to file for divorce can be a tough one. In order to make it through divorce proceedings with little stress and conflict, it can be helpful to know what you are getting yourself into. Divorce proceedings can be broken down into a series of steps. Of course, every situation is different, but the following steps are what usually occur in a divorce. Deciding to File a Petition The first step in obtaining a divorce is making the decision to divorce. It is often one of the most difficult decisions a spouse can make. It is important that […]
Documents Everyone Needs in Their Estate Plan by Heidi Adair, Partner
Studies report that more than half of Americans do not have essential estate documents prepared in the event they become too incapacitated to make decisions or pass away. For most people, thinking about the worst case scenario or death might seem depressing and something to avoid. However, it is up to us to provide a plan of what should happen. Because, if you don’t make a plan, the state will make a plan for you. The following are the four documents that everyone needs as a part of their estate plan. Last Will and Testament A will is probably the most well-known estate […]
The Enforceability of Non-compete Agreements in Indiana by Laura L. Maser
At the outset of hiring a new employee, a common practice is to have the new employee sign a non-compete agreement. Generally, these types of agreements will prohibit an employee from working for another company in direct competition against their employer. This is to protect confidential information, trade secrets and goodwill from being used at competing businesses. While these types of agreements are commonplace at the outset of many types of employment, the enforceability of said agreements can sometimes be called into question. It is important for employers to know how Indiana courts have handled non-compete agreement enforceability in the […]