Dominick Feld Hyde
in the News
Dominick Feld Hyde recently celebrated the retirement of one of our founding partners, Louis B. Feld. After 40+ years of of hard work and dedication to the practice of law in the areas of wills, trusts and estates for individuals and closely held businesses, including 30 years of serving as an adjunct professor of law at the University of Alabama School of Law, L.B. will begin to wind down his law practice with a plan to be completely retired by the end of 2016. His long-time partner, Bill Bryant, as well as two associates, Kevin Webb (estate, probate and trust), and Lance Webster (business entities and LLCs) will remain available for all legal needs. Kevin will be the primary contact through this transition. Please feel free to call him at 205-397-3730 or email him at email@example.com. Most importantly, L. B.'s legal assistant of 22 years, Donna Frey, will continue to be available to answer any questions or concerns that arise. She can be reached at 205-397-3732 or firstname.lastname@example.org.
Dominick Feld Hyde was recently recognized by Cumberland School of Law for achieving 100% alumni participation in the law school's Annual Fund Firm Competition. Each year, participating Alabama law firms with four or more Cumberland School of Law alumni attempt to reach 100% alumni participation in the law school’s competition. The recognition can be found in the August 2016 edition of the Samford University Cumberland Connections.
Nine Dominick Feld Hyde attorneys were recognized in BHMBIZ list of the Top Attorneys in Birmingham. The list was published in the June Edition of the magazine. The attorneys recognized were:
Can a 529 plan benefit your estate plan?
One of the many pressures on parents is ensuring that there will be enough funds to put their children through college. And, along the same lines, they also want the peace of mind that their wealth will be preserved for their children and grandchildren after death. One option that can cover both dilemmas is a 529 plan. This article details how a 529 plan can provide college savings and significant estate planning benefits.
The donor advised fund: A powerful vehicle for charitable giving
Philanthropic individuals can choose between using a donor advised fund (DAF) or a private foundation. This article explains how a DAF — typically sponsored and managed by a community foundation or commercial investment company — offers many of the benefits of a private foundation at a fraction of the cost.
Taking stock of your estate plan
Why business owners should consider an ESOP
Employee stock ownership plans (ESOPs) offer closely held business owners an exit strategy and a tax-efficient technique for sharing equity with employees. An ESOP can also be a powerful estate and retirement planning tool. This article explains how ESOPs can help business owners address several planning challenges, including lack of liquidity and the need to provide for children outside the business. A sidebar looks at the pros and cons of S corporation ESOPs.
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