Entries by ME&W

Will Your Whole Life Insurance Expire Before You Do?

Some farmers have purchased whole life insurance as an integral part of their estate/farm succession plan. Some of our clients, who have purchased whole life insurance as part of their farm succession plan, however, are discovering, unexpectedly, that their insurance may lapse before their deaths, whether automatically or due to unaffordable premium increases. 

DEP Provides Clarification On Reporting Requirements For New And Increased POTW Discharges

In 2010 the EQB enacted extensive changes to DEP’s NPDES regulations, now codified at Chapter 92a. Among these changes was a revision to a previous requirement to apply for a new NPDES permit whenever significant changes to influent pollutant loadings-—either the addition of a new pollutant or a substantial increase in an existing pollutant-—was projected to occur. The new regulation, now at § 92a.24(a), is a bit less stringent.

Deposits – Too Little, Too Late

To state that the typical deposit is too low an amount and that it is paid later than should be is not an overstatement. The purchase deposit, which is referred to as “initial deposit” in the Agreement of Sale, is paid within five days of execution.