Troutman Pepper’s Post

The TaxProf: Hemel: Wealth, Schmealth, Welfare, And Schmelfare: Daniel J. Hemel (NYU; Google Scholar), Wealth, Schmealth, Welfare, and Schmelfare, 59 Wake Forest L. Rev.__ (2024): Traditional cost-benefit analysis is sometimes equated with “wealth maximization,” but the equation is a mischaracterization: traditional cost-benefit analysis’s “sum of compensating variations” test ignores the deadweight loss of redistribution, even though the deadweight... http://dlvr.it/T44cgg @SoCalTaxProf #Tax #Policy #Law

The TaxProf: Hemel: Wealth, Schmealth, Welfare, And Schmelfare: Daniel J. Hemel (NYU; Google Scholar), Wealth, Schmealth, Welfare, and Schmelfare, 59 Wake Forest L. Rev.__ (2024): Traditional cost-benefit analysis is sometimes equated with “wealth maximization,” but the equation is a mischaracterization: traditional cost-benefit analysis’s “sum of compensating variations” test ignores the deadweight loss of redistribution, even though the deadweight... http://dlvr.it/T44chX @SoCalTaxProf #Tax #Policy #Law

The TaxProf: Hemel: Wealth, Schmealth, Welfare, And Schmelfare: Daniel J. Hemel (NYU; Google Scholar), Wealth, Schmealth, Welfare, and Schmelfare, 59 Wake Forest L. Rev.__ (2024): Traditional cost-benefit analysis is sometimes equated with “wealth maximization,” but the equation is a mischaracterization: traditional cost-benefit analysis’s “sum of compensating variations” test ignores the deadweight loss of redistribution, even though the deadweight... http://dlvr.it/T44chT @SoCalTaxProf #Tax #Policy #Law

Selecting the right person for your Lasting Power of Attorney (LPA) is crucial. Consider someone you trust deeply, who understands your values and will act in your best interest. They will handle important decisions about your health, welfare, property, and finances if you’re unable to. It's essential to discuss this responsibility with potential candidates to ensure they're willing and able to act on your behalf. Having an LPA in place provides peace of mind that your affairs will be managed according to your wishes. For more information, visit Labrums' Lasting Powers of Attorney page: https://lnkd.in/esZ8Mmym #LastingPowerOfAttorney #StAlbansLawFirm #PersonalLaw

As citizens, we all contribute to the functioning of our society through the payment of taxes. These funds are essential for supporting critical public services such as education, healthcare, infrastructure, and social welfare programs. However, the conversation around taxes goes beyond mere financial transactions; it delves into the very heart of what we value as a community. #moorebr #moorebishopandrooks #tax #taxseason

Each week, we dive into the world of debunking misconceptions about Wills and Lasting Powers of Attorney. Myth: "LPAs are only for financial matters."  Busted: LPAs are not limited to financial decisions. There are two types of LPAs: one for financial affairs and another for health and welfare matters.  The health and welfare LPA allows your chosen representative to make decisions about your medical treatment, care, living arrangements, and other personal matters.  It is essential to have both types to cover all aspects of your life. #PrestigeLegalServices #MythBusting #LPA

A fantastic testimonial on a previous clients' experience with us. “Carter Bells have managed to our total satisfaction, our Wills and Lasting Powers of Attorney for Health & Welfare and Property & Financial Affairs. We are happy to recommend their services.” Find out more about what our clients say about us: https://bit.ly/3taDSKu #Testimonial #PositiveReview #LegalAdvice #LawFirm

A partner or close family member cannot make decisions on your behalf without legal authority. If you lose the ability to make decisions for yourself, on a temporary or long-term basis, a lasting power of attorney means that the people you trust can make decisions about your health and welfare, or property and finances. Learn more: https://lnkd.in/e7Ghmy_x #YourVoiceYourDecision

Tax is a financial charge imposed by governments on individuals and businesses to fund public services and infrastructure. Importance of Tax Taxes are essential for funding public services like healthcare, education, infrastructure, social welfare programs, and national defense, ensuring economic stability and social equity. #PublicServices #tax #EconomicStability

Last week I discussed LPAs for Health and Welfare and for Property and Financial Affairs. However, who’s going to look after your business when you’re unable to? It’s always very tempting to work when we’re supposed to be relaxing on holiday but is that really beneficial? • Proper downtime is important for reducing stress, meaning improved productivity on return. • When you try to mix work with family time, it’s likely that your clients will not be getting 100% of your attention. • Your family will be looking forward to spending time with you, don’t disappoint them by working. By setting up a Lasting Power of Attorney specifically for your business, you can nominate someone you trust to have the authority to do everything on your behalf. This way, you can really relax and spend some much-deserved time doing things you love. The principles are the same as setting up an LPA for someone to look after your personal financial affairs. The main difference is that in this instance, you are choosing a person that is suitable to look after your business. We all work hard for our holidays, let’s take the break we deserve. #BusinessLPA #LPA #EstatePlanning #LastingPowerofAttorney #BusinessOwnership #WorkLifeBalance #FamilyTime#BusinessSuccess #TrustworthyNominee #HolidayBreak