Blog
Settlor's Intent
Effectuating a settlor’s intent is supposed to be a primary guiding principle of trust law. For centuries, courts have stated that their primary purpose in a trust case is to give effect to the “settlor’s
Understanding the SECURE Act 2.0: What It Means for You at Age 55
Understanding the SECURE Act 2.0: What It Means for You at Age 55 As you move closer to retirement, financial decisions become more immediate and more impactful. The SECURE Act 2.0, passed in 2022, introduces several
Big Beautiful Bill
Overview of the One Big Beautiful Bill Act The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, represents a significant overhaul of U.S. tax and spending policies. It aims to align with the
NEW BUSINESS REPORTING REQUIRMENT
MANDATORY NEW BUSINESS COMPLIANCE REPORTING In 2021, the Corporate Transparency Act (“CTA”) was enacted. The CTA created new requirements for certain entities to report to the
Connelly v. United States
CONNELLY v INTERNAL REVENUE SERVICE Michael and Thomas Connelly were the sole shareholders in Crown C Supply, a small building supply corporation. The brothers entered into an agreement to ensure that Crown
Estate Tax Reduction Looming
ESTATE TAX REDUCTION LOOMING ($13.6 Million back to about $6 Million in 2026) As of January 1, 2026, the current lifetime estate and gift tax exemptions will sunset and revert back to
Corporate Transparency Act Reporting
Action Required: Corporate Transparency Act Reporting Is Here Original link can be found at the American Bar Association here: http://tinyurl.com/wxw43d8s The Anti-Money Laundering Act of 2020, which is part