Insights
Estate, Wealth & Succession Planning
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July 10, 2024
IRS Extends Pause on RMD Penalties for Inherited IRAs
The IRS has issued Notice 2024-35, which again delays any penalty for not taking the RMDs in 2024 from IRAs inherited in 2023
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June 20, 2024
The Role of AI in Estate Planning: Benefits and Limitations
As AI increasingly becomes part of our everyday lives, individuals and families are exploring the use of AI programs to prepare estate plans. The answer to whet…
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June 14, 2024
Supreme Court Decision in Connelly v. US: Implications for Family-Owned Businesses
The Court’s holding in Connelly will have ripple effects on how family-owned and closely-held businesses structure their succession planning.
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April 26, 2024
Unlocking Tax Savings: Family Limited Partnerships in Estate Planning
As Trump era estate tax cuts are likely coming to an end in 2025, wealthy business owners are increasingly utilizing FLP to significantly save the family taxes.
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April 12, 2024
Navigating Changes in FDIC Insurance Coverage: Ensuring Deposit Security Amidst Revised Limits
As of April 1, 2024, the FDIC has implemented significant changes to its insurance coverage limits, particularly affecting trust accounts.
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February 23, 2024
Unrealized Income Under Scrutiny: Will SCOTUS Unleash Chaos on the US Tax Code?
SCOTUS considered the question: "How is income defined?" Moore v. United States centered on the question of taxation of unrealized income.
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January 25, 2024
Mastering Retirement Planning: Understanding the Benefits of Traditional and Roth IRAs
Explore strategies for retirement planning in 2024. Learn about 401(k), IRA options, and tax-free growth. Secure your financial future with smart investment ins…
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January 4, 2024
Securing Your Legacy: Embracing Digital Estate Planning with iOS Legacy Contact
Embracing the iOS Legacy Contact feature reflects prudent estate planning and demonstrates a forward-thinking approach.
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January 2, 2024
Young Adults and Estate Planning: Eighteen Changes Everything
As your becomes a young adult, it's essential to take steps to ensure you can act on their behalf in emergencies or critical situations.
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November 28, 2023
Validity of Handwritten Wills in Ohio: Insights from Aretha Franklin’s Case
Would Aretha Franklin’s Handwritten Will be Valid in Ohio? Taking a look at the legal requirements in the state of Ohio regarding wills.
