Most people are intimidated by legal disputes, especially when it comes to issues involving an estate. Litigation results in one side winning and the other losing. Rather than spend a considerable amount of time taking a case to court, with no guarantee of a positive outcome, many people choose an…
Category: CS Blog
Palm Beach County Attorneys to Help Same Sex Couples with Their Estate Planning The landmark United States Supreme Court decision, Obergefell v. Hodges, completely changed the landscape for all LGBTQ individuals in committed relationships, including those considering marriage or having been married in a state that permitted such a fundamental…
In the wake of Hurricane Milton, the IRS expanded previously announced taxpayer relief for impacted taxpayers living in Florida. In IR-2024-264, the IRS amplified and expanded the relief granted in IR-2024-253 to individuals and businesses in Broward, Indian River, Martin, Miami-Dade, Palm Beach, and St. Lucie counties. The relief from…
The recent decision of the U.S. Supreme Court in Connelly v. United States, U.S., No. 23-146, 6/6/24, has thrown an enormous monkey wrench into traditional buy-sell planning for closely held businesses. The Court held that the proceeds of life insurance on a deceased shareholder must be included in determining the…
The Corporate Transparency Act (CTA) is a new law that requires certain businesses to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). A beneficial owner is someone who owns at least 25% of the business or has substantial control over it, such as a Manager, President, CEO,…
