From case law approving an alternative pleading model for trust beneficiaries to avoid triggering a no-contest clause, to COVID-19 relief measures, we have seen significant developments in estate planning and business law recently. To ensure that you stay abreast of these legal changes, we have highlighted a few noteworthy developments and analyzed how they may impact your estate planning and business law practice.
Legal developments we will cover:
- IRS Regulations Clarify Treatment of Excess Deductions Passed on to Beneficiaries
- New Interim Final Rule Authorizes PPP Loan Increases for Partnerships
- Virginia Supreme Court’s Ruling on No-Contest Clause Case
- Valuation Discount Disallowed for Lack of Control
- IRS Issues FAQs Regarding COVID-19 Relief for Estate and Gift
- Expenses Paid Using PPP Loan Proceeds Later Forgiven Not Deductible
- Congress Passes PPP and Health Care Enhancement Act
- Temporary Relief for Small Businesses Seeking Funding Through Crowdfunding