Law Firm Blog: Insights on Estate Planning, Tax & Business Law

In 2024, the Federal Trade Commission attempted to prohibit most employee noncompete agreements nationwide through a rule issued under Section 5 of the Federal Trade Commission Act. That rule never took effect. After a federal district court set it aside and the FTC later abandoned its appellate efforts, the agency formally removed the rule from the Code of Federal Regulations in 2026. For businesses that paused or revised their use of noncompete agreements while the rule was

Severe storms, flooding, wildfires, winter weather, and other disasters can disrupt far more than daily life. They can also interfere with tax filings, payments, payroll deposits, records access, and business operations. When a federally declared disaster affects a particular area, the IRS may announce tax relief that gives affected taxpayers additional time to meet certain federal tax deadlines. Many taxpayers do not realize that this relief may apply automatically. If your

Inheriting a retirement account often arrives tangled up with grief, and the tax rules attached to it are not intuitive. Many beneficiaries assume they have a full decade to leave the money alone and simply empty the account before the ten-year mark. For many inherited IRAs, that assumption is wrong — and getting it wrong can create a real tax penalty, not just a missed planning opportunity. The Basic Rule, and the Part People Miss Under the SECURE Act framework, most non-spo

If you have young children or grandchildren, you may have heard about Trump Accounts, a new federal tax-favored savings vehicle for minors created under the One Big Beautiful Bill Act. The accounts are intended to help children begin building long-term savings early in life, including through a federal pilot contribution for certain eligible children. Because the program is new, families should be careful no t to assume that Trump Accounts work the same way as 529 college sav

If your business spends money developing software, improving products, testing new processes, engineering prototypes, or otherwise conducting research or experimentation, an important federal tax deadline recently passed. July 6, 2026 was the deadline for many qualifying small businesses to make a special retroactive election under the new federal rules for research or experimental expenditures. For eligible businesses, that election could produce a meaningful refund by allow

For the past several years, estate planning conversations have been dominated by one looming deadline: the scheduled "sunset" of the historically high federal estate and gift tax exemption. Attorneys, accountants, and financial advisors spent 2024 and 2025 urging clients to act before the exemption was set to drop by roughly half. That cliff has now been permanently removed from the map — and it's worth understanding exactly what changed and why it matters even if you don't c

If you spent any part of the last two years worrying about a federal filing called "Beneficial Ownership Information" — or you dutifully filed one, or you meant to and never got around to it — you can mostly stop worrying. In a move that caught even some compliance professionals off guard, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that eliminates BOI reporting requirements for companies formed in the United States. If your LLC, corpora

For many business owners, a revocable living trust is an important part of an estate plan. It can help avoid probate, provide continuity if the owner becomes incapacitated, and create a clear structure for transferring assets at death. But business interests are not like a bank account or a brokerage account. A family member or trust company may be perfectly capable of administering a trust, paying expenses, making distributions, and managing liquid assets. That does not nece

Understanding corporate law is essential for any business owner or entrepreneur. Whether you're starting a new venture or managing an established company, having a solid grasp of corporate law can help you navigate the complexities of running a business. This blog post will cover the fundamental aspects of corporate law, including its importance, key concepts, and practical tips for compliance. What is Corporate Law? Corporate law, also known as company law, governs the right

Estate planning is not just for the wealthy; it is a crucial process for anyone who wants to ensure their assets are distributed according to their wishes after they pass away. Many people avoid thinking about estate planning because it can feel overwhelming or uncomfortable. However, understanding the key steps involved can make the process smoother and more manageable. This blog post will guide you through the essential components of estate planning, helping you secure your

Understanding tax law can feel overwhelming, especially for individuals who may not have a background in finance or law. With ever-changing regulations and complex forms, many people find themselves confused about their obligations and rights. However, mastering the basics of tax law can empower you to make informed decisions, maximize your deductions, and avoid costly mistakes. This guide will provide essential tips to help you navigate tax law effectively. Understanding You