Society condemns ‘special tax on legal profession’ | News

Government plans for a levy to fund the fight against financial crime amount to a ‘special tax on the legal profession’, the Law Society said today. In a strongly-worded response to a consultation on the economic crime levy announced by the chancellor earlier this year, Chancery Lane said any levy based on income would be especially harmful to the profession.

‘The legal profession is fully committed to supporting the fight against economic crime and takes anti-money laundering responsibilities very seriously,’ outgoing Law Society president Simon Davis said. ‘Law firms already play an important role in tackling money laundering, as demonstrated by the substantial costs and resources allocated by the profession to comply with its anti-money laundering (AML) and financial crime obligations.’

He noted that further increasing the cost of doing business would hit the international competitiveness of the legal sector and the willingness of law firms to invest in the

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The Folio Society is Releasing a Limited, Special Edition of Frank Herbert’s Dune

Five years ago, the Folio Society began regularly releasing science fiction novels in its lineup of high-end collectors editions, starting with Frank Herbert’s Dune.

With the film adaptation coming out this December, the publisher has announced a new special edition of the book, which goes above and beyond its already beautiful previous edition.

The Folio Society has been around for more than 50 years, and started out as a subscription business for bibliophiles. It re-released prominent literary classics, often with specially-commissioned art, introductions, or afterwords, and a handsome slipcase. While they had published the occasional science fiction and fantasy novel over the years—like Isaac Aimov’s Foundation trilogy, Philip Pullman’s His Dark Materials, or J.R.R. Tolkien’s Lord of the Rings, their release of Dune brought about a regular release of some of the best-known works of science fiction and fantasy, including authors like Ray Bradbury, Octavia Butler, Arthur

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Protecting Government Benefits With Special Needs Trusts

A special needs trust (SNT) is a trust designed to supplement the needs of an individual whose necessary medical or living expenses are paid through programs such as Medicaid or SSI. Because these programs are “means tested” — based in part on income — an SNT enables the beneficiary to continue receiving aid despite an increase in income or assets. In general, the excess funds are placed into the SNT which then pays for the beneficiary’s supplemental needs such as recreation and consumer goods not otherwise covered by government benefits. Here are a few examples:

Divorce and the disabled child. Disabled children who receive SSI risk a reduction or termination of benefits when one parent is required to pay child support. Receipt of child support can reduce SSI benefits by one third for children under age 18 and dollar for dollar for children age 18 and older. Instead of … Read More