Common Financial Mistakes During a Divorce

Your choice of business structure will have far-reaching effects on your tax planning and your ability to engage in certain wealth transfer techniques. This high-level overview of two common types of corporate entities, C corporations and S corporations, may be helpful as you evaluate how best to structure your next venture or as a quick refresher on the “rules of the road” for an existing corporation. As always, it is critical to consult with your legal and tax advisors before implementing or

Before LLCs, S-corps, and Delaware holding companies, there was the general partnership (GP). It’s the oldest form of business organization, two or more people agreeing to work together, share profits, and (critically) share liabilities. No filing needed, no state charter, just a handshake and the beginnings of a business. GPs trace their DNA all the way back to English common law. Under English common law (which heavily influenced U.S. legal systems), a partnership was created by conduct, not

Here we have provided a “cheat sheet” to keep in mind for 2025 federal estate, gift, and GST exemptions, as well as exemptions and inheritance tax consequences in states that impose their own estate, gift, or inheritance tax. Federal Estate, Gift, and GST Tax Below is a summary of the current federal estate, gift, and generation-skipping transfer tax provisions for 2025. Note that, under current law, the increases in exemption amounts that began in 2018 are set to expire in 2026, at which point