Allen M. Silk

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A well thought out plan can eliminate very costly legal and other professional expenses as well as the emotional toll that could occur by leaving matters to chance. Do you know what plans your parents have made, if any, for their (a) long term health issues, (b) transfer of authority to make financial decisions if they cannot or (c) transfers at death that could protect the surviving family members from creditors or unnecessary taxes. The…
Virtually all small closely held businesses should have an up-to-date Buy-Sell Agreement. A Buy-Sell Agreement should accomplish a number of important objectives for closely held company, including: (1) providing mechanism for the orderly transfer of the business; (2) establishing a valuation mechanism which avoids disputes between owners as well as possible disputes with the Internal Revenue Service; (3) reducing possible disputes between owners, an owner’s heirs, and possible unwanted business partners to whom an ownership…
Stark & Stark and Cowan, Gunteski & Co. will be presenting Securing Your Future Income: What You Need to do Today in Order to Insure a Healthy Revenue Stream from Your Practice.  The seminar will be held on January 30, 2007 at the Sheraton in Eatontown, New Jersey. The presenters, Allen Silk, Chair of Stark & Stark’s Business Law group, Donald Cowan, Managing Director of Cowan, Gunteski & Co., and Deborah Mathis,…
This week’s New Jersey Legal Update podcast is presented by Allen Silk, Co-Chair of the Business Succession Planning Group, and discusses the importance of succession planning for your business. Most individual business owners do not have sufficient plans in place to address the many issues which will arise upon their death or severe disability. This podcast outlines the things that business owners should be thinking about now to ensure the smooth transition of their…
This week’s podcast will be of a Estate Planning and Long Term Care Insurance seminar which we held in our office on Tuesday September 27, 2005. The seminar included a presentation by Allen Silk and Rosemary Durkin, members of the Firm’s Trusts & Estates group. Also presenting at the seminar was Richard Oring of Oring and Company who discussed long term care insurance. You can listen to the presentation here (67MB). You can also…