From the Internal Revenue Service’s (IRS’s) reversal of its position on estate tax deductions for certain unitrust interests of charitable remainder unitrusts (CRUTs) to newly enacted pay transparency laws, we have recently seen significant developments in estate planning 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.

Cryptocurrency’s decentralized nature has changed the world of global finance. However, because it is so new and volatile, the crypto market’s dizzying ups and downs can be difficult to interpret. Is the recent “crypto winter” just one of these regular fluctuations, or does it indicate permanent problems with the viability of crypto? Virtual assets may now be a significant component of your estate planning clients’ portfolios, so keep reading to learn more about the future of these investments.

A Financial Power of Attorney (POA) is a powerful document that every senior should have in place. This document allows another person, the agent, to make financial decisions on behalf of the senior, the principal, in the event the senior cannot make their own decisions. Without this document in place, if the senior becomes incapacitated, a court process will be necessary so that the court can appoint someone to make those decisions.

When an agent acts, he steps into the shoes of the principal. But what acts can an agent do? Well, that depends upon the powers given in the document. Can an agent create a trust on behalf of the principal? Does the POA need to contain certain language for that act to be allowed?