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Life Insurance and Divorce
Does your divorcing client's Statement of Net Worth reflect the fair market value of the life insurance policies he or she owns? This seems like a simple question, but in certain circumstances it may actually be quite complex.
Traditionally, when reviewing a client's policies, most practitioners have first asked themselves, 'Is this a term or permanent life insurance product (universal life, whole life or variable life)?' If it is a term policy, the practitioner concludes that it is worth no more than the unexpended portion of the last annual premium. This is a fair conclusion in most circumstances, assuming the insured is in reasonably good health, and barring an unfortunate incident. If it is a permanent-type product, the practitioner often concludes the policy is worth no more than its cash surrender value, in lock step with the conventional manner of thinking about this issue. Opposing counsel accepts this logic, in compliance with tradition.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.