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What is a Pass-Through Business Entity? According to the Internal Revenue Service (IRS), a pass-through entity is a business that passes its income, loss, deductions,…

The Corporate Transparency Act of 2020, passed on January 1, 2021, was designed to help prevent companies from concealing their ownership of US businesses and…

Often in these times of crypto, start-ups and other wealth creation, parents require and their children are willing to ask that anyone joining the family…

If you own a small business, developing your succession plan is a critical element of business planning. However, many business owners fail to appreciate the…

Clients often ask: What do I do with my estate planning documents now that I’ve signed them?  Short answer: DON’T LOSE THEM!  Truth is, there…

An opportunity to avoid an increase in estate taxes President Biden recently revealed his 2024 budget bill. Not surprisingly, a lot of changes are being…

For the estate planning practitioner to effectively do his or her job, it is important to understand how family law matters can impact what they…

Parents with disabled or incapacitated children often worry about how their children will manage when they are no longer here to protect and support them.…

Trusts have been around for centuries, with their foundations dating back to Roman Law. Today, the Revocable Living Trust is one of the best and…

Estate Planning IQ Quiz What Do You Know about Wills and Trusts? Test Your Estate-Planning Knowledge  Question 1                         About what percentage of people ages 18…