| Volume 142 Number 75 |
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The People’s Lawyer’s Tip of the Day
To everyone who hangs up on unwanted calls, learns about the latest scams, and checks with friends about suspicious offers: good news! People who did all those things were less likely to lose money to a scam than people who didn’t. Click here for more.
Watch out for this scam claiming your Netflix account is about to be suspended
Just about everyone has a Netflix account these days, and scammers have taken notice. They’re using the popular streaming service as bait in a new phishing scam. The email hits your inbox, and it appears to be from Netflix at first glance. It says “the company” is unable to process your credit card for payment and the account will be suspended today. With that sense of urgency, you might be tempted to use the handy link in the email to update your credit card information. But if you glance at the email a second time, that’s the last thing you would do. The message is clearly from an imposter. Click here for more.
Your Money
Estate taxes and inheritance taxes are often discussed as if they're the same thing, but in reality they are very different in concept and practice. If you're worried about paying estate or inheritance taxes, take a deep breath. Not every estate will pay estate taxes, and not every heir will pay inheritance tax. So the first step is to determine whether these taxes impact you as a benefactor or inheritor. Here's what to know about the inheritance tax, how it differs from the estate tax and strategies for reducing it. Click here for more.
For the Lawyers
Financing statement may refer to another document to describe collateral. The Seventh Circuit held that a financing statement describing the collateral as "[a]ll Collateral described in First Amended and Restated Security Agreement dated March 9, 2015 between Debtor and Secured Party" was sufficient to perfect even though the security agreement was not also filed because the collateral was "objectively determinable" under § 9-108(b)(6). n re I80 Equipment, LLC (7th Cir 2019) Click here for more.