Sandals to Sandals in 3 Generations
Posted on March 16, 2009 in Arizona Law Regarding Business DisputesAs a real estate lawyer working in Paradise Valley and Scottsdale for over 20 years, I have seen scores of families ship-wrecked by money. ‘Around the world, inherited wealth is hard to preserve, says an article from Intelligent Life, a quarterly published by one of my favorite journals The Economist:
Families that preserve their wealth over the generations are rare. The fact that the first generation makes it, the second husbands it and the third blows it is so widespread that it reflects reality. Some say, “clogs to clogs in three generations”—a northern English saying—has its equivalent in many other languages: Erwerben, Vererben, Verderben (earn it, bequeath it, burn it) in Germany; “from the stables to the stars and back in three generations” in Italy; and my favorite “from sandals to sandals in three generations” in China.
I once had a Trust fund client show up to Court in a $2,500.00 double breasted Italian blazer with white pressed Armani pants and I am not kidding- sandals. I could hear his grandfather roll over in his grave.
We have significant real world experience at the real estate and commercial law at the Firm of William A. Miller in Scottsdale, Arizona. We also have been helping families set up Estate plans to minimize the above sandals problem for the last 15 years. Give us a call at 480-948-3095 to see if we can help. If nothing else, make your kids work. That will solve 95% of the sandal problem.
Money is Green
Posted on March 2, 2009 in Arizona Law Regarding Business and Real EstateWhy are all the con men now “going green”? Pretty simple. These are the same type of idiots and narcissistic jerks who polluted our rivers in the 1940-50’s. It is where the money is. It is easy money because there are no rules. It is a brand new industry and language and the best B.S. gets the contract and hustles the rest.
Remember money is green. Add that to the fact that our President, who only recently was well versed enough in economics & finance to buy his first home at the age of 43, gave a few hundred billion to going green and you have a perfect storm. My due diligence first question to the potential green investment guru on a client’s behalf is… How long have you been a member of Green Peace or the Sierra Club? Rhetorical indeed. Call the Law Firm of William Miller with further questions about any investment in stocks, real estate or the ‘go green’ tsunami. 602-319-6899.
Confidential Data
Posted on March 1, 2009 in Sub-Prime Mortgages in ArizonaWhat should a litigant do when confronted with disclosure of confidential metadata? Conversely, what should you do if you learn that confidential metadata has been disclosed? Some recent case law may offer insight:
In People v. Gomez, 134 Cal. App. 3d 874, 879 (1982), the court, dealing with privileged material in general, held that failure to take reasonable precautions to maintain the confidentiality of information may be deemed consent to its disclosure.
Amersham Biosciences Corp. v. Perkinelmer, Inc., 2007 WL 329290 (D.N.J. 2007), may be particularly instructive in determining the meaning of “reasonable precautions” when dealing with confidential metadata, as it is the only case dealing with this particular topic. The New Jersey district court was asked to decide whether reasonable precautions were taken in the inadvertent disclosure of some 500-plus privileged Lotus Notes e-mail documents that were deleted within subfolders when converted to CD, but remained embedded in the larger folder when converted to single image files.
The court held that if the confidential nature of the documents was apparent on the face of the documents after their conversion from their native format to single image files, then the final spot check conducted by the disclosing party may not have been reasonable. Consequently, it would appear that “reasonable precautions” means that counsel should probably review each electronically-stored document at every stage of the conversion process. More on this issue can be found at www.law.com.
At the law firm of William A. Miller, we have experience in handling these electronic discovery issues. Give us a call at 480.948.3095 to learn more.