EVENT CALENDAR

The Step-Transaction Doctrine is often employed by the IRS to challenge clients’ planning. There is limited time in2024, and soon the compressed planning period of 2025. There are steps that practitioners might recommend to their clients to take now in preparation for future planning, which could potentially mitigate the possibility of the IRS successfully raising the step-transaction doctrine on audit. There is no universally accepted test to determine if the step-transaction doctrine should be applied to a particular transaction.  However, Courts have relied on three concepts when evaluating whether the step-transaction doctrine should be applied: the mutual interdependence test, the end result test, and the binding commitment test.

The Corporate Transparency Act (CTA) filing deadline for the CTA is end of year 2024 and there is limited time to address filings. Under the CTA, information about the Beneficial Owners of certain ‘small’ entities must be provided to the Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department. When a trust is an equity owner of a reporting company, it can create significant reporting requirements for individuals named as powerholders in the trust.

President Trump has won the White House. The Republicans have control over the Senate, and may gain control over the House. Estate planning has been focused on planning to use bonus exemption and planning for possible enactment of a Democrat estate tax proposal. That all changed election night. Will the exemption be cut in half in 2026? What planning makes sense to do? This webinar is an initial exploration of these and other practical considerations that practitioners need to understand to reach out to clients and communicate about the changed planning environment. Although it is now unlikely that any harsh estate tax changes will occur in the next 4 years planning should continue, but with some changes.

As an attorney, ensuring that your clients with dementia receive the care, respect, and planning they deserve is not just a professional obligation—it's a priority. Join us for "Navigating the Dementia Journey: Helping More People and Making More Money." This educational session is designed specifically for professionals like you who are dedicated to providing comprehensive and forward-thinking services to their clients.

It’s often been said that automation is the future, but most attorneys know that the future is now. Law firms currently use technology in a variety of ways – to manage contact and client information, handle billing, prepare legal documents, and more. Not every firm uses an automated document drafting system, but those that do can often leverage it and use it as a tool for more than just creating documents.