From the Internal Revenue Service’s (IRS’s) release of the 2024 lifetime exemption and annual gift exclusion amounts, to the Social Security Administration’s announcement of 2024 cost-of-living adjustments and a new final rule regarding the use of FinCEN identifiers under the Corporate Transparency Act, we have recently seen significant developments in estate planning, elder law, and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning, elder law, and business law practice.

Millions of small businesses will need to file electronic reports to comply with the Corporate Transparency Act (CTA) starting in 2024. While existing businesses will have the entire year to follow the federal government’s new requirements, startup businesses will have to report their identities and officers much sooner. Keep reading to learn more about which businesses will be affected by the CTA and how Business Docx® has been improved to help your clients file their reports.

From the inclusion of property interests in a marital estate that are gifted during a marriage to a divorcing spouse, to a determination of the scope of immunity provided to nursing homes under Connecticut’s COVID-19 executive order and a new proposed rule that would extend the deadline for some entities to report beneficial ownership information under the Corporate Transparency Act, we have recently seen significant developments in estate planning, elder law, and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning, elder law, and business law practice.