Across the U.S., small business owners are confronting a quiet but urgent crisis. According to new June 2025 data from Teamshares, more than two-thirds of small business owners expect to retire within the next two years. Yet nearly 70% of them have not developed or communicated a formal succession plan. This staggering disconnect could jeopardize […]

A controversial new provision added by House Republicans could significantly alter the legal landscape for charitable organizations—and charitable giving itself. The proposed legislation would allow President Trump’s administration to strip tax-exempt status from nonprofits it deems to be “terrorist supporting organizations.” This development has raised concerns about due process, political overreach, and the long-term impact

In 2025, the rise of irrevocable trusts and asset protection trusts has reshaped how individuals and families shield their wealth. Amid growing concerns about litigation, taxes, and long-term care expenses, many Americans are turning to tools like Medicaid asset protection trusts, dynasty trusts, and spousal lifetime access trusts (SLATs). These instruments provide long-term security, often

In a move that highlights growing concerns about economic inequality, the House recently passed the so-called “One Big, Beautiful Bill,” which includes a major shift in federal estate tax policy. Among its key provisions is a proposal to raise the estate tax exemption to $15 million per person in 2026—a change that would primarily benefit

In early 2025, New York lawmakers passed Senate Bill S52, a measure that permits tax-related documents filed via power of attorney (POA) to be signed electronically. This shift marks a substantial modernization of how legal and financial matters can be handled in the state, especially for taxpayers, accountants, and estate professionals managing matters on behalf

In a move that surprised many in the legal and financial sectors, the Consumer Financial Protection Bureau (CFPB) recently dismissed with prejudice its long-standing lawsuit against the National Collegiate Student Loan Trusts. This April 2025 decision marked a significant development in the intersection of trust law, corporate governance, and federal regulatory oversight. For those following

In June 2025, the Law Commission of England and Wales released a proposed overhaul to its 1837 Wills Act, marking a significant modernization of one of the world’s oldest will-making statutes. The draft bill includes pivotal changes such as permitting electronic wills, reducing the minimum age for testators to 16, removing automatic revocation of wills

The recent implementation of the ABLE Age Adjustment Act has opened the door to expanded financial empowerment for people with disabilities. Effective January 1, 2025, the eligibility age for opening an ABLE account increased from 26 to 46. This seemingly simple change marks a major legislative victory, one long advocated for by disability rights groups,

In California, Assembly Bill 1025 (AB1025) has introduced a new layer of security for families at risk of disruption due to immigration enforcement. This law is designed to reduce the legal and logistical chaos that often arises when parents are detained or deported, and it marks a notable development for any guardianship lawyer advising clients

A growing number of financial institutions are finding themselves named in lawsuits tied to elder financial abuse, and the implications go far beyond reputational damage. In recent months, several major banks and wealth advisory firms have been accused of ignoring red flags that allowed caregivers, family members, and even internal staff to exploit aging account