High Interest Rates Make Estate Planning Challenging
October 09, 2024The Impact of High Interest Rates on Estate Planning Estate planning is a complex process that requires careful planning and consideration of various economic factors, including interest rates. As interest rates fluctuate, so do the strategies legal professionals, like AJM&A, use to help individuals and businesses seeking to effectively manage their estate. High interest rates… Read more »
Planning for Next Tax Season…Already!
October 08, 2024Time to Get Ready for Next Tax Season It’s the time of year that we begin reaching out to clients to start planning for the tax season and tax years ahead — and this year, more than any in recent memory, is a very tough time to plan. Tax planning for 2025 starts with the… Read more »
Who Can Help You With the CTA Beneficial Ownership Information Reporting?
October 07, 2024Time to File Your Beneficial Ownership Information (BOI) Report-Who to Call for Help? The Corporate Transparency Act (CTA) mandates that most smaller business entities file a with the Financial Crimes Enforcement Network of the Treasury Department. We have shared this information before, but it seems that most business entities, and their owners have not addressed… Read more »
Best Time to Do Your Estate Plan?
October 07, 2024When Is the Best Time or Age to Do Your Estate Plan? With the inevitable topic of estate planning, many individuals may wonder when exactly is the “right” time to undertake this important life task. Estate planning is not merely a formality but a crucial step in securing your legacy, finances, and peace of mind… Read more »
Focus on Gift and Estate Tax Planning
September 25, 2024Gift and Estate Tax Planning – the Basics When it comes to managing your wealth and ensuring your legacy, understanding the principles of gift and estate tax planning is essential. Gift and estate taxes can significantly impact the transfer of assets, but with careful planning, you can minimize tax liabilities and ensure that your… Read more »
The Basics of Trust Administration
September 25, 2024Trust Administration 101 Understanding trust administration is essential for anyone involved in planning their estate. Trusts are legal arrangements that allow a third party, or trustee, to manage assets on behalf of a beneficiary. This process is not only crucial for ensuring that your estate is handled according to your wishes but also can be… Read more »
Time to Submit Your BOI Report
September 25, 2024How to Prepare for the New Mandate on Beneficial Ownership Reporting The United States continues to intensify its commitment to transparency in business operations. As a step in this direction, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published its guidance materials to help businesses navigate the complex landscape of beneficial ownership… Read more »
Estate Planning – the best time to do it is NOW
September 25, 2024Estate Planning: The Best Time is Now With the inevitable topic of estate planning, many individuals may wonder when exactly is the “right” time to undertake this important life task. Estate planning is not merely a formality but a crucial step in securing your legacy, finances, and peace of mind for your family. Here, Anthony… Read more »
Focus on Business Succession Planning in Light of the Connelly v. US Case
September 05, 2024Buy-Sell Planning after Connelly What Businesses Need to Know In June 2024, the US Supreme Court ruled that life-insurance proceeds earmarked by a corporation for redemption of a deceased shareholders’ stock must be included when valuing the corporation for estate-tax-purposes. Fair market value redemption obligation does not offset the value of life insurance proceeds… Read more »
At AJM&A, We Are More Than Just Lawyers -We Also Teach
September 05, 2024At AJM&A, We Are Lawyers Who Teach As a law firm our community extends beyond clients, our lawyers also teach at area law schools. It is a little-known fact that AJM&A’s lawyers, Tony Madonia, Bruce Jackson and Sande Shamash also teach law school courses when their schedules and the schools’ needs align. Mr. Madonia is… Read more »