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On January 10, 2025, the Maryland Office of Financial Regulation (OFR) issued formal guidance asserting that assignees of residential mortgage loans—including certain "passive trusts" that acquire...

A recent Ninth Circuit decision confirmed that the one-year statute of limitations under the Fair Debt Collection Practices Act (FDCPA) begins to run when a collection...

New York State has enacted a controversial annual surcharge on high-value residential properties in New York City that do not serve as primary residences, targeting owners of second homes...

At a Washington tax conference on May 20, Treasury Assistant Secretary for Tax Policy Kenneth Kies reportedly signaled that anti-stacking regulations targeting Code §1202 qualified small business stock (“Q.S.B.S.”) are likely forthcoming.

IRA account holders typically designate individuals as beneficiaries who will inherit the account upon the account holder’s death – such as “all to spouse” or “in equal shares to children.”

The reach of SECURE 2.0 is extensive. Its general provisions affect all types of retirement plans, but SECURE 2.0 also has some provisions targeted at plans subject to their own set of statutory and regulatory requirements.

For high-net-worth individuals and families, a family office is more than a wealth management structure—it is a strategic vehicle to preserve, grow, and protect generational wealth.

The Non-Profit Revitalization Act of 2013 ("N-PRA" or the "Act"), which has been characterized as the most sweeping legislation to affect nonprofit organizations in New York in over 40 years ...

One of the most important decisions in estate planning is the selection of the fiduciaries who will be named to carry out the various aspects of a plan. The person or entity selected to serve in a fiduciary role, such...

There are a variety of vehicles through which individuals and families can promote their charitable giving goals, and private foundations are often a leading choice.

Attorneys in Shipman's Business and Corporate practice have prepared this FAQ document on the Corporate Transparency Act (CTA), which takes effect on January 1, 2024.

Boca Raton, Fla. – September 2, 2021 – Cozen O'Connor strengthened its Private Client, Trusts and Estates Practice in South Florida with the addition of six attorneys.

The Corporate Transparency Act (CTA), passed into law on January 1, 2021 in an effort to crack down on money laundering and other financial crimes, requires certain entities to report...

For over 25 years, large family-owned and closely held businesses, high net worth individuals, family offices, and tax-exempt organizations, have sought out Richard to provide practical tax, business, and estate and trust planning solutions.

The international landscape for estate and succession planning is being reshaped by unprecedented demographic shifts, evolving family structures, and the rise of digital wealth. As tens of trillions of dollars prepare to transfer between generations globally, legal practitioners must navigate an increasingly complex environment where traditional inheritance laws intersect with same-sex marriage recognition, assisted reproductive technologies, cryptocurrency holdings, and competing jurisdictional tax regimes

The House Ways and Means Committee recently proposed new draft federal tax legislation that would dramatically affect the Private Wealth area. Many of the changes are time sensitive.

Estate planning has evolved beyond traditional assets like real estate and brokerage accounts to encompass a new frontier: digital assets including cryptocurrency wallets, NFT collections, and social media accounts. Without proper planning, these valuable online holdings may become permanently inaccessible or subject to costly litigation, leaving fiduciaries struggling to navigate complex legal frameworks that govern access but not ownership.