For those who have closely followed the many twists and turns surrounding the Corporate Transparency Act over the past year, it may come as no surprise that there is yet another change to its reporting requirements —...
Category: News
May 15, 2025
RECENT COURT DECISION DRAWS ATTENTION TO DOMICILE PLANNING FOR ESTATE TAX PURPOSES
News
For those who split their time between Connecticut and another state, a recent Connecticut court case offers a cautionary tale. Changing a driver’s license and limiting one’s time in Connecticut to less than 6 months per...
May 15, 2025
UNDERSTANDING THE SUPREME COURT’S DECISION IN CONNELLY V. UNITED STATES: IMPLICATIONS FOR BUSINESS OWNERS
News
In June 2024, the U.S. Supreme Court delivered a unanimous decision in Connelly v. United States, a case that carries significant ramifications for business owners, particularly those with closely held corporations employing...
Clients may be considering (or reconsidering) their estate plans given the changes in the estate tax exemption over the years. For example, is a trust for the surviving spouse necessary and, if so, what type of trust? This...
Effective January 1, 2025, Connecticut codified the concept of decanting. Decanting is the act of “pouring” one old irrevocable trust into a new trust with more favorable terms. Although this was possible to do before, by...
