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November 2015 Archives

Probating wills and valuating property complexities

Probating a will can be as complex as the initial creation of a will. As an estate attorney, there are many steps we can help you take to ensure that a decedent's assets are properly valued, allocated and dispersed. The first step we can help you with is inventory and appraisal.

Preventing family arguments over wills and estate plans

Most Kentucky residents who do estate planning are particularly concerned about how their assets will be distributed when they are gone, and who shall get what. These kinds of decisions are difficult to make, and they should be considered carefully before finalizing your asset distribution plan if you want to avoid family arguments and legal battles when you are gone.

U.S. Dept. of Labor to Revitalize Overtime Protection for Employees

The Fair Labor Standards Act (FLSA) guarantees eligible employees a minimum wage and overtime pay for hours worked in excess of 40 in a work week. However, there are a number of exemptions to that guarantee. The "white collar" exemption contained in 29 C.F.R. 541 is based in part on a minimum salary level, with those exceeding it potentially being exempted from FLSA overtime protection. More than a decade has passed without any change in the minimum salary level, while at the same time the federal minimum wage has increased. This has resulted in certain low-paid salaried employees finding themselves without overtime protection. In March 2014, President Obama directed the U.S. Department of Labor to update FLSA regulations, and in particular the "white collar" exemption, in order to modernize and simplify the regulations while maintaining the FLSA's intended overtime protections.

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