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September 11th, 2015

Can an Arbitrator Make Decisions Regarding Child Custody and Visitation?

Domestic disputes subject to binding arbitration are governed by the Uniform Arbitration Act. This act, while not excluding disputes in family courts, is silent on a number of issues that apply to such disputes. For this reason, many states have enacted special arbitration statutes concerning family law disputes. They define the scope and reach of […]

September 17th, 2012

Benefits of Obtaining 501(c)(3) Tax Exemption

Organizations that qualify as public charities (organizations that dedicate their resources to charitable, religious, scientific, or educational purposes) are eligible for federal exemption from payment of corporate income tax.  Successful 501(c)(3) public charity applicants enjoy many benefits not available to unclassified organizations.  A nonprofit organization exists as a legal entity in its own right and […]

April 24th, 2012

Recent IRS Statistics

Every year the IRS publishes a detailed report on the tax returns that have been audited within the fiscal year.  For Fiscal Year (“FY”) 2011, the IRS audited roughly the same number of returns as in FY 2010.  The percentage of audited returns for FY 2011 was around 1.1% of all those that were filed. […]

February 22nd, 2012

Asset Protection

Asset protection is an important component of estate planning for most people.  Just prior to the passing of Joe Paterno, the legendary Penn State football coach, he transferred his personal residence into a trust for the benefit of his spouse.  Some believe the reason was to shelter the residence from creditors as a result of […]

January 9th, 2012

Avoiding Identity Theft

Identity theft is one of the most common and serious types of crimes being perpetrated today.  The Federal Trade Commission has identified the numerous methods that thieves use to steal personal information from individuals including: Dumpster Diving– Thieves rummage through trash attempting to locate bills and other paper with personal information on it. Skimming– Thieves […]

December 5th, 2011

Big Changes to Oklahoma Anti-Discrimination Act

NOTICE:  Important changes in the Oklahoma Anti-Discrimination Act: ALL employers are now covered! As of November 1, 2011, employers of any size in the State of Oklahoma, including employers with only a single employee, are subject to discrimination claims under the new Oklahoma Anti-Discrimination Act (age, gender, race, religion, disability, etc.).  Previously, in order to […]

November 4th, 2011

Revisions to Agricultural Liens Law in Oklahoma

In 2001, Oklahoma adopted revisions to Article 9 of the Uniform Commercial Code to broaden the scope and clarify the rules governing security interests.  A recent article in the Oklahoma Bar Journal discussed the expansion which brings statutory agricultural liens within the scope of the Revised Article 9.  To determine if a lien is an […]

August 29th, 2011

Surface and Mineral Rights in Real Property

In Oklahoma it is common for each piece of real property to have two owners: the owner of the surface and the owner of the minerals below the surface.  A recent article in the Oklahoma Bar Journal discussed the Surface Damages Act and the effect it has had on this particular area of law.  Prior […]

July 28th, 2011

Lifecare Transition Planning for Your Special Needs Child

Most families that have a special needs (i.e., disabled) son or daughter collect a wealth of information about the special needs of that child, including information regarding medical care, educational issues, names of doctors, consultants, care-givers, special activities, and a host of other important bits of information that are critical to the ongoing care of […]

July 27th, 2011

The Patient Protection and Affordable Care Act – Practical Implications for Business Owners

The Patient Protection and Affordable Care Act was passed by Congress and signed into law on March 23, 2010.  The act was then amended by the Health Care and Education Reconciliation Act of 2010.  A recent article in the Oklahoma Bar Journal discusses the requirements and consequences for employers. First, the new law requires employers […]