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Providing the Quality Legal Services You Require
Articles:
Private Foundations - a discussion of this type of charitable organization, exempt under Section
501(c)(3) of the Internal Revenue Code, to which contributions generally are tax-deductible, and
which is usually organized and controlled by one person or family, or a small group of people.
The Income Taxation of Estates and Trusts - a discussion of the income tax rules that apply to
trusts and estates, and their beneficiaries.
Second Generation Planning - The Corporate Division Alternative - Successful transition
planning requires business assets to be transferred from the parents (first generation) to the
children (second generation). The ease of the transition depends in part on the first
generation's decisions concerning the ownership and operation of the assets. Unfortunately, in
many cases decisions are made based on short-term needs without taking into account the
long-term consequences that may affect transition planning. The purpose of this article is to
encourage an awareness of the consequences that short-term decisions may have on long-term
goals, particularly with regard to disengagement of the second generation heirs from mutual
corporate ownership and operation.
Entity Choice - Factors to consider when selecting the form of entity under which a business is
to be operated.
Food Security Act - The procedures that a purchaser of farm products in Nebraska should
follow to avoid liability against the holder of a lien on those products.
Parental Rights in Nebraska's Public Schools - A Brief Overview - A summary discussion of the
rights of parents with regard to various aspects of public schools in Nebraska, such as presence
at school board meetings, attendance at school activities, and limiting a child's participation in
certain educational topics, such as sex education or assigned reading materials.
These articles are for informational purposes only and do not constitute legal advice. Any information provided in these articles
may be general in nature and may not apply in your particular circumstances. Therefore, you should seek professional legal advice
regarding your specific situation before acting upon any information provided in these articles.
Private Foundations - a discussion of this type of charitable organization, exempt under Section
501(c)(3) of the Internal Revenue Code, to which contributions generally are tax-deductible, and
which is usually organized and controlled by one person or family, or a small group of people.
The Income Taxation of Estates and Trusts - a discussion of the income tax rules that apply to
trusts and estates, and their beneficiaries.
Second Generation Planning - The Corporate Division Alternative - Successful transition
planning requires business assets to be transferred from the parents (first generation) to the
children (second generation). The ease of the transition depends in part on the first
generation's decisions concerning the ownership and operation of the assets. Unfortunately, in
many cases decisions are made based on short-term needs without taking into account the
long-term consequences that may affect transition planning. The purpose of this article is to
encourage an awareness of the consequences that short-term decisions may have on long-term
goals, particularly with regard to disengagement of the second generation heirs from mutual
corporate ownership and operation.
Entity Choice - Factors to consider when selecting the form of entity under which a business is
to be operated.
Food Security Act - The procedures that a purchaser of farm products in Nebraska should
follow to avoid liability against the holder of a lien on those products.
Parental Rights in Nebraska's Public Schools - A Brief Overview - A summary discussion of the
rights of parents with regard to various aspects of public schools in Nebraska, such as presence
at school board meetings, attendance at school activities, and limiting a child's participation in
certain educational topics, such as sex education or assigned reading materials.
These articles are for informational purposes only and do not constitute legal advice. Any information provided in these articles
may be general in nature and may not apply in your particular circumstances. Therefore, you should seek professional legal advice
regarding your specific situation before acting upon any information provided in these articles.
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