Welcome to our first occasional Levine Dispute Resolution Center LLC newsletter. Our intent is to inform and to provide an outlet for colleagues and friends who have things to say that may be of interest to our other colleagues and friends.
We will report from time-to-time on our progress as full-time providers of impartial private dispute resolution services only (please see our first “LDRC Report” below), while featuring some of our more formal writings and those of other allied professionals who address areas of possible concern to our readers.
We are launching this project later than we expected, for good reasons: we have been so busy with the ramp up of LDRC, and with a particularly busy summer of mediation work, we have only just now found the time to focus on it. We hope to send these newsletters to you 2-4 times per year, for so long as you wish to receive them.
This first issue is not built on any particular theme, but presents a variety of short pieces: one of ours about mediation as an adjunct to other dispute resolution methods; foreign tax reporting by CPA Howard Newburg of Newburg & Associates; considerations in deciding whether or not to convert traditional Individual Retirement Accounts to Roth accounts by wealth manager Dan Traub of Tempo Financial Advisors of; and from insurance and investment advisor Theresa Meehan of Meehan Financial Services, top ten factors in deciding about long term care insurance. We hope that you enjoy these brief and diverse writings.
We also encourage you to follow our more or less weekly blog, which you may find at levinedisputeresolution.com/blog; as well as our website as a whole, where you will learn more about us.
Please feel free to forward this newsletter as you wish and share your thoughts with us about how we may better serve our readers in this effort.
Finally, we encourage you to submit materials (may be original or attributed, authorized re-prints) for future newsletters. You may send them to email@example.com, along with logo and/or a photo, if you would like.
Thanks for reading, and enjoy the rest of the summer.
Bill and Chouteau
REPORT ON LDRC
During our first half-year of operations, we have been very, very busy, both in Westwood, and increasingly now, in Northampton. In addition to a steady and increasing stream of family law, probate law and small business mediations, arbitrations and interesting hybrids, we have continued to engage our community by writing, teaching and networking.
Our blog has provided an avenue to disseminate short, accessible comments on topics ranging from mediation methods to business valuations, same sex marriage and health insurance concerns. We were pleased that a recent longer piece that we published in Massachusetts Lawyers Weekly about alternative dispute resolution was picked up for re-publication by professional publications in Virginia and Wisconsin. That article is reprinted here for those of you who did not see it previously. Another longer piece on the interaction between mediation, and various Probate and Family case filings, is pending publication. Read more.
Putting the Alternative into Dispute Resolution
By William M. Levine and
E. Chouteau Levine
When lawyers think about how to resolve disputes, they usually first consider traditional modes such as lawyer-to-lawyer negotiation or litigation. Other processes — such as mediation, collaborative law or even arbitration — often are considered marginal “alternatives.”
Together, the traditional and alternative approaches comprise what Cleveland family law attorney James H. Cahn calls the dispute resolution “food court.” Cahn’s analogy aptly conjures an image of an easily accessed array of process options. But it also conveys a secondary principle worth considering: that, as with food court offerings, legal consumers can mix and match dispute resolution methods fluidly to address changing needs.
Parties have the ability to take control of their legal process, to change course if necessary, and to utilize a variety
of approaches when appropriate and beneficial.
We all know the many advantages and limitations of dispute resolution options. We also are used to considering
some or all of them with our clients.
One suspects, though, that many of those discussions are perfunctory. Yet we still too often see each alternative
course as linear, in isolation, and not as complementary parts of what can be an eclectic process.
As a result, we risk missing the opportunity for a more efficient and client-friendly experience. Read more.
Update on Foreign Reporting Requirements
By Howard Newburg
Newburg & Associates
Each U.S. person who has a financial interest in or signature or other authority over foreign
bank accounts, securities accounts or other financial accounts must file a Form TD F 90-22.1
(Report of Foreign Bank and Financial Accounts or FBAR) for each calendar year during any
part of which the aggregate value of the accounts exceeds $10,000. This is true even if the
account has not earned any income during the year. Read more.
To Convert or Not to Convert: That is the IRA Question
By Dan Traub
Tempo Financial Advisors
In 2010 the income limit for Roth conversions was eliminated. Now anyone can convert from a traditional or rollover IRA to a Roth IRA. Everyone should consider whether a Roth conversion is right for them. This article will examine some of the key the differences between traditional IRAs and Roth IRAs and explore the issues involved with conversion. Read more...
HELPFUL HINTS FOR PURCHASING LONG-TERM CARE INSURANCE
Ten Key Considerations
Theresa M. Meehan
Meehan Financial Services
This educational brief defines long-term care and offers key considerations to help people make an informed decision when purchasing a long-term care insurance policy. Long-term care refers to services for people who need assistance with activities of daily living (ADLs)-functions such as eating, dressing, bathing, toileting, transferring, or continence. Read more.