Latest Blog
The IRS Has a Method of ‘Last Resort’ to Collect Overdue Taxes: Revoking Your Passport
Source: https://www.cnbc.com/2024/08/25/how-a-seriously-delinquent-tax-debt-could-get-your-passport-revoked.html
Supreme Court Upholds Connelly: What It Means For Business Owners
Source: https://www.forbes.com/sites/matthewerskine/2024/06/06/supreme-court-upholds-connelly-what-it-means-for-business-owners/
Understanding Estate Planning: Legal and Psychological Considerations Explained
What is Estate Planning? Is it a legal exercise? Is it a psychological exercise? Well, truthfully, there are a lot of both. The first question that I ask of individuals who come to see me is, what do you want to do with all of your widgets? You say we don’t have widgets. What you […]
Where’s the Inheritance? Why Fewer Older Americans Are Writing Wills or Estate Planning
Source:https://www.usatoday.com/story/money/personalfinance/2023/10/03/fewer-older-americans-are-writing-wills-planning-estates/70994383007/
Troubling Trends in Estate Planning
Recent studies uncover a worrying trend: a notable decrease in estate planning across diverse demographics, including older Americans, business proprietors, and art aficionados. This decline poses significant risks, as estate planning is pivotal for orderly asset transfer and minimizing legal and tax entanglements. Key findings reveal older Americans showing a decline in estate planning, while […]
Supreme Court of Mississippi Affirms BBJ Victory in Trust Reformation
On February 29, 2024, the Supreme Court of Mississippi affirmed a decision of the Chancery Court of Madison County, Mississippi that reformed an irrevocable trust established in 1992 based on an alleged scrivener’s error. Previously, on November 1, 2022, after a trial on the merits, the Chancery Court found that the trustee, represented by BBJ, […]