WealthCounsel Staff


Recent Posts

Corporate Transparency Act: Regulations for New Businesses in 2024

By WealthCounsel Staff on Oct 27, 2023 10:00:00 AM

Corporate Transparency Act-Regulations for New Businesses in 2024

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.

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Current Developments: October 2023 Review

By WealthCounsel Staff on Oct 13, 2023 10:00:00 AM

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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.

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Estate Planning Considerations for Unmarried Couples: From Domestic Partnership to Tax Planning

By WealthCounsel Staff on Oct 2, 2023 10:02:00 AM

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By Nicole Ramos Takemoto, JD

In a society that increasingly embraces diverse relationships, unmarried couples are a significant and growing demographic. As legal professionals, we understand that the legal rights and protections afforded to unmarried couples differ significantly from those granted to married couples. This article explores three interconnected topics within estate planning for unmarried couples: the impact of becoming registered domestic partners, tax considerations, and the importance of comprehensive estate planning. By understanding these issues and taking proactive steps, unmarried couples can protect their rights, minimize tax liabilities, and ensure that their wishes are upheld.

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