On January 1, 2024, the federal Corporate Transparency Act (CTA) will take effect. The CTA combats money laundering and other illicit conduct by attempting to thwart the improper use of shell … [Read more...]
Archives for December 2023
HOW DOES THE CTA AFFECT ESTATE PLANNING & ADMINISTRATION?
The Corporate Transparency Act (CTA) defines a “beneficial owner” of a “reporting company” as any individual who, directly or indirectly, either exercises substantial control over a reporting company … [Read more...]
NEW PROPERTY TAX ASSESSMENTS & HOW TO APPEAL THEM
Homeowners and property owners may have received or may soon be receiving written notice from their local Assessor’s Office that their town or city has revalued (and most likely increased) their … [Read more...]
THE ESTATE PLANNING IMPACT OF 2024 INFLATION ADJUSTMENTS IMPOSED BY THE IRS
The IRS has released annual inflation adjustments for 2024. These include increased gift, estate and generation-skipping transfer tax (“GST”) exemptions and annual gift tax exclusions. The changes are … [Read more...]