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In 2024, there was much legislative activity in New York that affected the Private Wealth realm. A brief summary of the 2024 changes...
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Uniform Directed Trust Act and Uniform Fiduciary Income and Principal Act Become Effective As reported in Katten's 2023 Year-End...
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It has been back to business as usual for the Internal Revenue Service (IRS) and Department of the Treasury in 2024. US tax authorities...
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The following is a summary of some of the key legislative and judicial updates from Illinois in 2024. Control and Protection of Trust...
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The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act), was originally signed into law on December 20,...
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President-Elect Donald Trump has not published a comprehensive tax plan as of the time of this writing, but he and Vice President-Elect...
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The "big ticket" item of the Tax Cuts and Jobs Act (TCJA) is the significant increase to the lifetime gift, estate and...
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Federal Estate, GST and Gift Tax Rates The federal estate, gift and GST applicable exclusion amounts are as summarized below. In simple...
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Several legislative proposals and new laws have been introduced in Florida affecting Private Wealth. A brief summary of the 2024 changes...
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It has been a quiet year in Texas on the Private Wealth front as the Texas State Legislature enjoyed its biennial recess. Nevertheless,...
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Remote Electronic Notary Act As discussed in last year's advisory, the North Carolina Remote Electronic Notary Act (referred to as RENA...
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It is quite common for high-net-worth individuals to have income streams from multiple countries. For example, an individual may have an...
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Managing risk and volatility within a family office structure is a timely and complex topic. During a recent Katten webinar, we assembled...
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The Corporate Transparency Act (CTA) is effective on January 1 and requires "Reporting Companies" to disclose specific information to the...
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Before the ball drops in 2023 and signals the start of the New Year, there are some things you can do to ensure your estate planning is...
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An important aspect of your estate plan could be the flexibility you allow (or do not allow) via powers of appointment. Trusts with...