ACTION REQUIRED BEFORE JANUARY 1, 2025
The Corporate Transparency Act (“CTA”), a federal law recently enacted to help prevent money laundering and other financial crimes, requires that you report identifying information regarding entities and their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”) before January 1, 2025, unless an exception applies.
The CTA impacts almost all closely-held businesses, including common forms of business entities such Continue Reading …
Here is a brief, general discussion of the probate process and probate assets. Please see the North Carolina estate administration brochure for a more detailed discussion.
Unless an abbreviated form of probate is available for a small estate, typically, when probating a Will or a person dies intestate without a Will, the executor of the Will or the administrator of the intestate estate (the “personal Continue Reading …
In my ideal world, everyone would have a financial and health care power of attorney. If a person becomes incompetent without these powers of attorney in place, the Court, if it finds the person to be incompetent, appoints guardian(s) to make financial and health care decisions. These are positions of trust and personal preference. Powers of attorney allow you to make these decisions without the necessity of a court hearing – a Continue Reading …