Our Blog – Burlington VT

Vermont Estate Tax Update

Vermont Estate Tax Update

Jun 27, 2019
Vermont Department of Taxes imposes an estate tax on the transfer of Vermont estates of decedents dying while a resident of Vermont. Currently, Vermont law provides for a $2,750,000 exemption from an estate tax.
Congratulations! Your Child Just Turned 18...

Congratulations! Your Child Just Turned 18...

Jun 05, 2019
Congratulations! Your child just turned 18, they are an "adult" now, or at least in the eyes of the law. Don't let them leave the nest without asking them to sign two critical estate planning documents.
Captive Insurers’ Court Losses May End Tax Planning Method

Captive Insurers’ Court Losses May End Tax Planning Method

May 06, 2019
Internal Revenue Service enforcement actions against in-house insurers that elect not to pay tax on premiums.
Microsoft: What it means for captives

Microsoft: What it means for captives

Apr 25, 2019
By now, most in the captive insurance industry know about the Cease and Desist Order issued last year by the elected Washington Insurance Commissioner (the “Commissioner”) to Cypress, Microsoft’s Arizona-domiciled captive. The Commissioner ordered Cypress to stop transacting insurance and to pay Washington tax on its premiums, as well as interest and penalties. The dispute settled for $876,820, and Cypress issues its policies through a surplus lines broker.
Gary L. Franklin, Esq.

President's Column | Behold the Future

Mar 28, 2019
Vermont Bar Journal Spring 2019 President's Column, Behold the Future
Your Estate Planning Pre-Consultation Checklist

Your Estate Planning Pre-Consultation Checklist

Jan 09, 2019
We’ve prepared a pre-consultation checklist so that you can make the most of you and your attorney’s time.
2019 New Year’s Resolution: Your Estate Plan

2019 New Year’s Resolution: Your Estate Plan

Jan 03, 2019
The start of a new year can be a time of commitment to self-improvement, accomplish a personal goal or otherwise improve one's quality of life. For many, estate planning may not be at the top of their list of New Year’s resolutions, but it should be.
President's Column | It Matters

President's Column | It Matters

Jan 02, 2019
Vermont Bar Journal Winter 2018 President's Column, It Matters.
New Standards for Determining Joint-Employer Status

New Standards for Determining Joint-Employer Status

Oct 08, 2018
On September 14, 2018, The National Labor Relations Board (the Board) issued a proposed regulation to establish the standard for determining whether two “employers” are joint employers of a group of employees under the National Labor Relations Act. The Rule can be found on the Federal Register website.
Residential Real Estate Mortgage Loan Commitment Letters

Residential Real Estate Mortgage Loan Commitment Letters

Oct 01, 2018
The Vermont Department of Financial Regulation (DFR) now requires mortgage lenders to issue commitment letters in connection with all residential mortgage loans (Regulation B-2018-02, revising the content and timing requirements of residential mortgage loan commitment letters). The new requirements are effective October 1, 2018. Regulation B-2018-02 supersedes and replaces Regulation B-98-1.