On December 22, 2023, the New York LLC Transparency Act (NYLTA) was enacted, in many ways mirroring the federal Corporate Transparency Act (CTA) also passed in 2023. Both laws require businesses to disclose “beneficial ownership” information to help combat money...
While many people will never be drug tested in their lives, the issue is coming up in more settings than ever before. Drug testing is common in certain jobs, criminal cases, schools, healthcare institutions, child custody matters, and other areas. As a result, it is...
Starting in 2024, legal entities must disclose certain ownership information as provided by the Corporate Transparency Act (CTA). The CTA went into effect on January 1, 2024, and requires that entities register their “beneficial owners” with the Financial Crimes...
The result of a divorce is to render the spouses single and unmarried. The divorce also determines which party owns each of the couple’s assets or is responsible for the payment of liabilities. While the dissolution of marriage should comprehensively address all...
Revocable trusts are commonly used in estate planning to avoid probate. However, they offer a wealth of other benefits. They also have disadvantages that can result in unintended consequences. To avoid problems, it’s essential to consult an attorney to determine...
