Danielle Erickson

Jan 9, 2025 | jdsupra.com | Danielle Erickson

Not all trusts age like fine wine. Family situations change, tax laws are updated, and an irrevocable trust created years ago may no longer be ideal for today’s circumstances. In the world of trusts and estates, there is a concept where the assets in an existing trust may be “decanted” into a new trust with better, more appropriate provisions.

Jun 5, 2024 | jdsupra.com | Danielle Erickson

The recently implemented Corporate Transparency Act (the “CTA”) requires that certain entities report information about themselves and their “beneficial ownership” to the Financial Crimes Enforcement Network of the United States Department of the Treasury (FinCEN). Congress passed the CTA as a part of the worldwide effort to combat money laundering, tax evasion, and other illicit activities.

Dec 18, 2023 | jdsupra.com | Danielle Erickson |Alan Parker

The changing landscape of American families has resulted in new laws that expand who may be considered your child or grandchild. A recent Connecticut law, known as The Connecticut Parentage Act (the “Act”), may impact your estate plan by expanding who may be deemed to be a child or grandchild of yours for inheritance purposes.