By: Eric J. Derbes The Corporate Transparency Act (CTA) was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act. The CTA establishes a beneficial ownership reporting requirement for corporations, limited liability companies, and other similar entities formed or registered to do business in the United States. The beneficial ownership […]
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Should I leave a child out my will?
By: Beau P. Sagona If a parent dies without a will, the parent’s estate is divided equally between the parent’s children. This may not be what the parent wants. Perhaps some of the children are more attentive while others are uninvolved, do not get along with the parent, or have other issues that don’t justify […]
Care with Confidentiality Clauses
By Albert J. Derbes, IV Parties to a contract too often sign without a careful review of the miscellaneous, or boilerplate, clauses at the end of the document. One of the most problematic instances concerns confidentiality clauses in contracts. A confidentiality clause obligates one, both, or more parties to a contract to maintain the terms […]
When Should a Will Include a Trust
By: Beau P. Sagona, Esq. A Last Will and Testament commonly addresses three items: Who inherits the decedent’s property; Who handles the decedent’s estate; and Who will raise the minor children if both parents are deceased. A fourth item to address – when circumstances warrant – is a testamentary trust. A testamentary trust is simply […]