Legal

Planning Amid Estate Tax Uncertainty

The lifetime estate tax exemption is set to decrease from its current level — $13.9 million per person — to about half that next year. However, with Republicans taking control of Congress and the White House, some expect that the higher exemption could be extended.

Update: U.S. Federal Judge Halts Corporate Transparency Act

A federal judge in Texas has put at least a temporary hold on the Corporate Transparency Act, granting a preliminary injunction suspending enforcement of the CTA ahead of the planned January 1 compliance deadline. However, some legal advisers are still advising businesses to take a cautious approach.

Demystifying the Corporate Transparency Act

What does the Corporate Transparency Act mean for family offices? David Rosen explains what the CTA requires, how its implementation is going and why punctuality is more important than perfection when it comes to compliance.

Revisit Estate Plans Ahead of Estate Tax Changes

With significant changes to the federal estate tax slated for next year, estate planning is becoming a hot topic for family offices. Shannon Zur, director at Vogel Consulting Group, says she is hearing from estate planning attorneys that they are already busy with clients who are updating their estate plans in anticipation of the changes.

Corporate Transparency Act Struck Down by Court

The Corporate Transparency Act, which took effect on January 1 and requires some family offices to report details about their ownership to the government, has been ruled unconstitutional by a federal judge in Alabama. However, the impact of the ruling on family offices is unclear.