Archive for May 2024

By Nehemiah Jefferson, Esq., LL.M. What is Probate? Probate is a court supervised process to determine where to distribute a decedent’s assets whether the decedent had a valid will (“testate”) or whether the decedent did not have a valid will (“intestate”).  Assets titled in a decedent’s name creates the estate. Probate can be a long…

By Nehemiah Jefferson, Esq., LL.M. The Corporate Transparency Act (“CTA”) is getting a lot of attention in the accounting, tax, financial planning and legal industry, and rightfully so. This article provides some basic information and required action about the CTA. What is the Corporate Transparency Act?  The CTA created a reporting requirement for certain companies…

By: Nehemiah Jefferson, Esq., LL.M. An estate is created when a person dies. The estate includes everything that the individual owned at death.  In 2024, it seems like there is a tax for everything. There are income taxes, property taxes, sales taxes, transfer taxes, gift taxes, inheritance taxes, capital gains taxes, and yes, even taxes…

By: Nehemiah Jefferson, Esq., LL.M. Certainly, it cannot be assumed that we would always be available and able to care for our loved ones.  Therefore, estate planning for a loved one with special needs is necessary to ensure the continuing care if you are unable to do so. I had an aunt with down syndrome.…