WealthCounsel Staff


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Current Developments in Estate Planning and Business Law: August 2023

By WealthCounsel Staff on Aug 16, 2023 9:32:12 AM

monthly-recap (1)

From a Michigan jury’s decision that a document found in Aretha Franklin’s couch is her valid will to recent decisions regarding what constitutes reasonable accommodations for religious and disabled employees, 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 and business law practice.

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Maximizing Tax Efficiency: The Power of Beneficiary Deemed Owner Trust Provisions

By WealthCounsel Staff on Jul 28, 2023 10:00:00 AM

BDOTs

With wealth transfer tax exemptions at historical highs (in 2023, the gift and estate tax exemption is $12.92 million—$25.84 million per married couple), income tax planning is an increasingly important part of trust-based estate plans. This is particularly true when dealing with income tax-deferred retirement plans. Accordingly, beneficiary deemed owner trust (BDOT) provisions can lead to meaningful tax savings when applied appropriately within retirement trusts.

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Current Developments in Estate Planning and Business Law: July 2023

By WealthCounsel Staff on Jul 14, 2023 10:00:00 AM

monthly-recap (1)

From the United States Supreme Court’s grant of certiorari of a constitutional challenge to a tax on unrealized gains, its recognition of a 42 U.S.C. § 1983 civil rights action by nursing home residents against federally funded nursing facilities, and its ruling that companies who register to do business in Pennsylvania consent to all-purpose jurisdiction, 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 and business law practice.

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