From a Florida case addressing homestead protection to the enactment of the Social Security Fairness Act and Corporate Transparency Act (CTA) updates, we have recently seen significant developments in estate planning, elder and special needs law, and business law. 

From the Internal Revenue Service’s (IRS’s) issuance of private letter rulings regarding extensions and trust modifications to a nationwide injunction against the enforcement of the Corporate Transparency Act (CTA) deadlines and newly released Medicaid and Veterans and Survivors Pension figures, we have recently seen significant legal developments.

From Internal Revenue Service (IRS) and court decisions that certain trust modifications may result in gift tax liability to a nationwide injunction against the enforcement of the Corporate Transparency Act (CTA) and a Social Security Administration (SSA) final rule omitting food from in-kind support and maintenance (ISM) calculations, 2024 was full of significant legal developments. To ensure that you stay abreast of these changes, we have highlighted some of the most noteworthy developments of the year and analyzed how they may impact your estate planning, elder and special needs law, and business law practices.