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EVEN THE MOST HATED MAN ON THE INTERNET USES BITCOIN (Business Planners Take Note of New Electronic Currency Trends)
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust” ~John McAfee, Founder of McAfee “[T]he fact that within the bitcoin universe an algorithm replaces the function of [the government] … is actually pretty cool.” ~Al Gore, 45th Vice President of the United States ...

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“A wise man should have money in his head, but not in his heart.”  Jonathan Swift Although there are no absolute guarantees that long term financial plans will be carried out exactly as directed, a new law in Louisiana now provides much needed protection to family members, in the event that they fall victim to financial ...

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VICTIM OR THE CRIME (An Age Old Story of Undue Influence)
“There are various attributes of life – such as… awareness, growth, autonomy, will.  It is possible to kill or attempt to kill one of these attributes without actually destroying the body.  Thus, we may “break” a horse or even a child without harming a hair.”  M. Scott Peck, People of the Lie    BORN TO ...

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THE OSTRICH APPROACH (Execute or Update Your Will Before It’s Too Late)
“If you fail to plan, you are planning to fail” Benjamin Franklin   In a fictional survey, four out of five people indicated they would rather have a tooth drilled without anesthesia than to read their own last will and testament.  Four out of five dentists approved the survey. The point being is that a ...

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PRO BONO PUBLICO (Physician Liability for Charity Care)
“Where there is charity and wisdom, there is neither fear nor ignorance.”   St. Francis of Assisi  Pro bono publico - a Latin phrase for professional work undertaken for the public good without charge, especially legal work for a client with a low income. Charitable care -  health care provided for free or at reduced prices to ...

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TO PORT, OR NOT TO PORT: THAT IS THE QUESTION (Lifetime Exemption Planning)
“A goal without a plan is just a wish.”Antoine de Saint-Exupery   Barb scurries about the house taking care of last minute details, while Mike is in the garage pulling down the decorations. Barb and Mike have hosted many family gatherings in their 40 years of marriage, but this year will be a little different.  Mike ...

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FAMILY BUSINESS GUMBO
“The advantage of growing up with siblings is that you become very good at fractions.” R. Brault THE FAMILY RECIPE Family businesses are the backbone of the United States economy - comprising 80 to 90 percent of all business enterprises, 64% of gross domestic product, 62% of employment and 78% of new job creation. By 2017, it is ...

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United States immigration law is one of the most complicated and difficult fields in the legal profession to navigate. In relation to the challenges immigration law brings, one federal judge in the Southern District of New York noted the following: "The statutory scheme defining and delimiting the rights of aliens is exceedingly complex. Courts and ...

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COMPARING DONALD TRUMP AND HILLARY CLINTON’S POSITIONS ON IMMIGRATION
Luis first entered into the United States without inspection when he was just twelve years old. Ever since his arrival in 2005, Luis has been hopeful that Congress would pass comprehensive immigration reform allowing individuals like himself a pathway to United States citizenship.  Unfortunately for Luis and millions of others like him, Congress has failed ...

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"Cooperation, which is the thing we must strive for today, begins where competition leaves off."   ~Franklin D. Roosevelt In 2005, the Tennessee Supreme Court declared the non-competition agreement between internist Dr. David Udom and his former employer Murfreesboro Medical Clinic ("MMC") invalid. In ending a two and a half year legal battle, the court ruled that a ...

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A GOOD WALK SPOILED (LLC Charging Order Protection Affirmed by 4th Circuit)
(Channelside Services, LLC v. Chrysochos Group, Inc. (La. App. 4 Cir., May 13, 2016)) “The Louisiana LLC Act affords LLCs different and greater protections …compared to Louisiana laws pertaining to creditors of corporate shareholders or partners in a partnership.”   ~Fourth Circuit Court of Appeal,  State of Louisiana The Starter Paul Garfunkel, a Louisiana resident, ...

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A BUNDLE OF MAGIC STICKS (Beneficiary Controlled Trusts Now Authorized in Louisiana)
(La. R.S. 9:2114.1 (Effective August 1, 2015)) “THE WAND CHOOSES THE WIZARD, MR. POTTER.   IT IS NOT ALWAYS CLEAR  WHY.”   ~J. K. Rowling, Harry Potter and the Sorcerer’s Stone Law School of Wizardry In the first year of law school, students are introduced to the concept that property rights are like a bundle of ...

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MISSISSIPPI BECOMES DOMESTIC ASSET PROTECTION TRUST JURISDICTION (And Beats Louisiana In The Trust Business Game)
“MOST PEOPLE WANT SECURITY IN THIS WORLD, NOT LIBERTY.” H.L. Mencken OLD RIVALS Mississippi and Louisiana are close competitors on many fronts, such as football, education and diabetes.  However, Mississippi has surged ahead of Louisiana  with the recent enactment of the Mississippi Qualified Disposition in Trust Act" (MS Code Section 91-9-701  et seq ). In so ...

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EVERY WORD COUNTS (IRS Busts Discretionary Support Trust for Child)
(Duckett v. Enomoto, D. Ariz. 2016) “BE SURE WHEN YOU STEP, STEP WITH GREAT CARE AND GREAT TACT.  AND REMEMBER THAT LIFE’S A GREAT BALANCING ACT.” ~Dr. Seuss Dr. Dennis Enomoto was a gifted and dedicated physician, but a terrible business person.  After failing to meet his tax obligations in 2007 through 2011, the IRS ...

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THE CASE FOR THE TRUST PROTECTOR
“TRY TO BE LIKE A TURTLE — AT EASE IN YOUR OWN SHELL” Bill Copeland THE BLACK AND WHITE TELEVISION GENERATION Ozzie Nelson was an actor and a band leader.  Harriet Nelson was a stay at home mom who mostly wore aprons and never left the kitchen.  Ozzie and Harriet had two children, David and ...

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