Starting on January 1, 2024, the Corporate Transparency Act (CTA) will require certain business entities to file a report detailing the ownership of their entity. Lawmakers designed this new law to combat money laundering, tax fraud, and other illegal acts. For this reason, if you have an entity as part of your existing estate plan,…
Artificial intelligence (AI) is becoming more commonly used in our daily lives. You may have wondered if AI can generate an estate plan for you. Although AI can produce some estate planning documents, there is no assurance of validity for these documents. State laws can be intricate and challenging to comprehend, making it difficult to…
Your Legacy: How Do You Want to Be Remembered? Amid the hustle and bustle of daily life, it’s common to delay matters such as securing an up-to-date estate plan. However, this November is an excellent time for you to pause and reflect on the significance of ensuring that your wishes, possessions, and legacies are managed…
Due to life circumstances changing, it may be necessary to modify estate planning documents. For example, you might decide to revoke your will due to the desire to change beneficiaries or reallocate assets. However, what happens if you experience a change of perspective and wish to reinstate it? There are various methods of undoing a…
Leasing a vehicle has become a widely embraced alternative to the conventional method of financing. Leasing arrangements provide the lessee, the individual leasing the vehicle, with reduced monthly payments. Upon completion of the lease term, the vehicle can be easily exchanged for a newer model. Nevertheless, it’s important to note that a lessee does not…
National Estate Planning Awareness Week We’re celebrating National Estate Planning Awareness Week! It’s time to raise awareness about the importance of estate planning and to encourage everyone to create a plan for their future. This month’s newsletter explores the top reasons for an up-to-date estate plan and the legal tools that typically comprise a complete…
You can create your estate plan at any time. However, many people choose to start estate planning sooner rather than later. While life can be unpredictable, estate planning throughout life’s stages provides the peace of mind that your wishes will be upheld. When to Start Estate Planning There is no designated age for establishing an…
It’s common to partake in financial transactions that lead to owed money. For example, many people lend funds or lease property. However, the situation takes a unique turn when the individual entitled to receive this money passes away. The question that arises is whether someone else can step in to claim these outstanding debts. Here…