JO In Action – Tom Vetne Attends Primerus Global Conference

Jones Obenchain Partner, Tom Vetne, is attending the Primerus Global Conference.  Primerus is a society of the world’s finest independent, boutique law firms. With nearly 200 member firms in 40 countries, Primerus provides clients easy access to the right lawyer, with the right skills, in the right location, and at the right cost. JO’s membership in Primerus allows us to serve our clients here in Michiana and as well as all over the world by having the ability to refer with confidence to fellow Primerus firms.

Resources When Disaster Strikes

It is that time of  year when we are on the alert for Hurricanes and Tornados on the weather radar. The truth is that disasters can occur at any time of the year. A recent IRS Tax Tip outlines steps you can take to plan in the event of a disaster as well as information on resources available to you once the disaster has occurred. Visit https://www.irs.gov/newsroom/here-are-disaster-resources-taxpayers-can-check-out-now-to-help-them-later to learn more about it.

Meet Our JO Team

Jones Obenchain Partner, Tom Vetne, enjoys challenging his clients’ preconceived notions of who lawyers are and what lawyers do. Tom focuses his practice on litigation and appeals. Unlike other “trial” lawyers, though, Tom actually tries cases. Get to know Tom better and realize what he can do for you by visiting http://jonesobenchain.com/team-member/j-thomas-vetne/

JO in Action – Alex Bowling

Alex Bowling, an attorney with Jones Obenchain, has recently been appointed to the board of St. Joseph County Junior Achievement. Junior Achievement has been helping students develop their economic knowledge and skills for the last 100 years. Its northern Indiana branch reaches nearly 78,000 students and coordinates over 6,000 volunteers. Alex hopes to help Junior Achievement grow and reach more students in St. Joseph County. He shares Junior Achievement’s vision that financial literacy is the pathway to a better life.

Is It Time For A Paycheck Checkup?

Tax planning is something that should be done year-round. The IRS recommends that taxpayers all take time during the year to make sure that their deductions are correct. The IRS reminds taxpayers that having too little or too much withheld each pay period can have an impact on your take home pay, your tax refund, or the amount owed. A recent IRS publication outlines in greater detail what you need to know and provides a link to a tax estimator to help with your paycheck checkup. Visit: https://www.irs.gov/newsroom/tax-planning-should-include-a-paycheck-checkup to learn more about it.

National Crush Day!

National Crush Day, also known as Crush a Can Day, is observed on September 27 each year and highlights the importance of recycling. This day serves as a reminder that recycling reduces carbon emissions, saves money, and cuts down on waste. National Crush Day is an opportunity for those who care about the environment to advocate for recycling.

JO Knows Guardianship

Guardians have the legal authority—and the obligation—to care for another’s personal interests, property interests, or both. The person they’re acting for is called a ward. Guardians typically act for incapacitated seniors, developmentally disabled adults, and minors.

Guardians are fiduciaries, so they are held to a very high standard of care in exercising their powers. If the ward owns substantial property, a guardian may be required to give a surety bond to protect the ward if the guardian’s dishonesty or incompe­tence causes the ward financial losses.

If you need advice about establishing a guardianship or leaving instructions for your own guardian should you ever become incapacitated, we can help.

Rule Of Law

The “rule of law” seems like an intangible and arbitrary term. Politicians use it as an argument. Newscasters make general references to it. And lawyers use it as a term of art.

But what does it actually mean?

It’s a term that aptly describes how we go about our daily lives with some semblance of predictability and understanding. It’s how we know what to expect from others. And how we as a society ensure that everyone plays by the same rules.

An example might help. On your way home from work, you probably follow a regular route. Maybe you stop at the grocery store and pick up some fresh chicken for dinner. You get home and prepare that food in an oven run on electricity. After you eat, you’ll watch some tv and then tuck off to bed.

The rule of law governs all these actions. Traffic on your regular route home from work flows and moves in a certain way due to traffic laws. The transaction at the grocery store is subject to financial laws. The chicken is grown and sold under food-safety laws. Your oven was manufactured in accordance with safety regulations. Your electricity is supplied by a company contracting with the government. That television program is governed by the FCC. And your mattress is produced under health and safety laws.

To learn more about the rule of law, the U.S. Courts interviewed nine federal judges and asked them to explain the rule-of-law concept. Watch the video below or click here to read more.

JO Knows Entity Formation

An “S” corporation or a “C” corporation? A limited-liability company (LLC)? A partnership or limited partnership? You probably need to use one of these types of entities for your business, but which one and how do you set it up correctly?

These are important questions and the answers aren’t the same for everyone. And once that choice is made some very important issues must be addressed:

-If there is more than one owner, what are their respective ownership, profit-sharing, and voting rights?

-How are disputes between them solved?

-What if one of them wants to quit, or bring in their spouse or child?

– Or what if they die? How is the value of their interest determined?

Again, the answers aren’t the same for everyone. Don’t make the mistake of using the same buy-sell agreements, shareholder agreement, LLC operating agreement, or partnership agreement that someone else did without making sure that all of these issues—and there are probably others—are properly considered for you own unique situation.

The work doesn’t stop there. Do you need a lease? Employment contracts or a policy manual? Licenses? Referral to an accountant for tax or payroll advice? JO can help.

JO Attorneys Included In The Best Lawyers in America for 2020

Jones Obenchain, LLP is pleased to announce that R. Kent Rowe III and J. Thomas Vetne have been selected by their peers for inclusion in the 26th Edition of The Best Lawyers in America in the fields of Medical Malpractice Law (Kent) and Insurance Law (Tom). Congratulations to Kent and Tom!

More about Best Lawyers®:

Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Because Best Lawyers is based on an exhaustive peer-review survey in which almost 50,000 leading attorneys cast nearly five million votes on the legal abilities of other lawyers in their practice areas, and because lawyers are not required or allowed to pay a fee to be listed, inclusion in Best Lawyers is considered a singular honor.