Tuesday, July 1, 2014

California Minimum Wage Increase for 2014

California's minimum wage increased from $8.00 to $9.00 per hour today (a 12.5% increase), and will rise again to $10.00 on January 1, 2016 (a further 11.1% increase). California employers must pay the higher of the applicable federal, state, or local minimum wage. For unionized workers, the minimum specified in the collective bargaining agreement.

Historical Minimum Wage Information (California Department of Industrial Relations)

Sunday, May 25, 2014

DIY Legal Mistakes Haunt Deceased

A recent Forbes article highlights three recent cases where do-it-yourself legal planning and failure to follow through on the details resulted in unintended postmortem consequences:
[L]egal mistakes made during a lifetime can create a mess at death... I think it’s important for people to understand the consequences of inattention to legal matters and of not involving an attorney. “Penny wise and pound foolish” can be a particularly compelling adage when dealing with legal matters.

Saturday, May 10, 2014

Client Launches Online Drones, Unmanned Systems, and Robotics Resource

Client BriMar Entprises, LLC has launched their fascinating new website

TheFutureIsUnmanned.com

focusing on unmanned systems and robotic technology.

The site provides news, information, and commentary about what are more popularly known as robots and drones, as well as job postings for careers in the industry and discussion forums. It aims to keep readers abreast of these fast-moving and newswothy topics. Please bookmark, subscribe, and enjoy.

Wednesday, April 23, 2014

Unpaid Internships and the Minimum Wage

As reported yesterday by the Wall Street Journal (Colleges, Employers Rethink Internship Policies) unpaid interns continue to cause labor law issues for companies and non-profit organizations, leading to the elimination of some internships and the conversion of others to paid positions meeting minimum wage and overtime standards.

California's minimum wage is presently $8.00 per hour, but rises to $9.00 on July 1, 2014, and is then slated to increase to $10.00 on January 1, 2016.

Monday, February 3, 2014

California's New LLC Act (2014) - Revised Uniform Limited Liability Act

California's existing limited liability company law was replaced with the California Revised Uniform Limited Liabilty Act, effective January 1, 2014. For a brief discussion, please see this article I co-authored with New York of-counsel Domenic Romano, Esq. For specific legal advice regarding your LLC, please contact me to schedule a consultation.

New California LLC Law Underscores the Importance of Accuracy

Saturday, December 21, 2013

Using A Personal Property Memorandum in Estate Planning

A recent Wall Street Journal article entitled "How to Avoid Estate Fights Among Your Heirs" (Andrea Coombes, Dec. 15, 2013), highlighted one useful estate planning tool, the personal property memorandum:
[G]iven that family heirlooms can spark fiery conflicts, create a memorandum that details how you want to divvy up your personal property. ....

The memorandum describes who shall receive specific items. The will then references the memorandum; for example, "I direct my executor to distribute my tangible personal property in accordance with a signed and dated memorandum to be found with this will." Relatives may be unhappy with your decisions, but they're less likely to be angry at each other.

Make sure your executor knows where to find the memorandum, and be specific about items. In one example, a woman said her diamond ring should go to a daughter, but she didn't clarify which diamond ring, says Ms. Olsavsky. Attaching photos of the item and referencing each photo in your memorandum can help.

Another way to prevent arguments after you're gone: Give items away before you die.