Rating 9.2
The Corporate Transparency Act (CTA), enacted in 2021, marks a significant shift in corporate transparency requirements for small businesses in the United States. This law aims to combat money laundering, tax fraud, and other illicit activities by requiring companies to disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN).
Reena Gulati Blog
Inheriting property can be complex, especially when the beneficiary is a minor. In New York, the legal challenges that arise when a minor child inadvertently inherits a deceased parent's property are significant. Understanding these challenges and how to address them is crucial to ensuring the minor’s interests are protected and the property is managed effectively.
Estate planning is a crucial aspect of securing your legacy and ensuring your loved ones are taken care of after your passing. One of the most effective tools in this process is a trust. Trusts offer numerous benefits, particularly in avoiding the often cumbersome and costly probate process but that isn’t the only reason to have a trust.
Life insurance is not just a financial safeguard for beneficiaries. It is also a pivotal tool in minimizing estate tax liabilities in comprehensive estate planning, especially for high-net-worth individuals. Because of the dual functionality of life insurance, it is critical to consult an attorney about how to use it strategically to achieve your goals.
In today’s fluctuating economic climate, particularly with the unpredictable swings in interest rates, safeguarding your real estate investments is paramount. By taking some practical steps and working with the right attorney, you can make your real estate portfolio more resilient and protect your investment.