Donor-Advised Funds – Don’t be Daft about DAFs
Philanthropically minded individuals have become increasingly inclined to utilize a Donor-Advised Fund or DAF as a way to manage their charitable giving. DAFs can allow donors to make a contribution to the DAF which will then be managed and invested and the donor...
New York LLC Transparency Act: What Business Owners Need to Know
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...
Is Drug Testing Reliable?
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...
The Corporate Transparency Act: What Every Business Needs to Know About It
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...
What Rights and Property Interests Can Survive Divorce?
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...
Revved Up for Revocable Trusts
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...