Estate Planning For Owners, Investors And Creators Of Art (Part 2) In the last post, I wrote about some of the complexities of art in estate planning as well as some strategies to consider if art assets are a part of your estate plan. Here are some things to consider when it comes to tax implications and valuation in relation to art assets. Tax Implications And […]
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FTC Bans Almost All Non-competition Agreements The FTC, in their Final Rule released online on Tuesday, April 23, 2024, determined that non-compete agreements are “an unfair method of competition”, and thus are in violation of Section 5 of the Federal Trade Commission Act (the “FTC Act”). The ban, which will take effect in the latter half of 2024, carves out exceptions […]
https://www.floridaestateplann....inglawyerblog.com/ft

Estate Planning For Owners, Investors And Creators Of Art (Part 1) When it comes to the world of art, its value goes beyond simple aesthetics or price. Art realizes a legacy for artists, collectors, investors, and dealers as well as for their loved ones. Stories of individuals such as James Gandolfini, James Brown, and Doris Duke serve as cautionary tales of what can happen when there […]
https://www.illinoisestateplan....ningandelderlawblog.

Charitably Inclined? Consider Pairing a Donor-Advised Fund with Your Estate Plan If you are prioritizing charitable giving in your estate plan, you may want to consider using something called a donor-advised fund (DAF) which has become more popular in recent years. The value of DAF grants made to qualified charitable organizations increased 9% to $52.16 billion in 2022, and the number of accounts increased 2.9% to […]
https://www.illinoisestateplan....ningandelderlawblog.

New York Estate Planning May Not Prevent Estate Litigation Estate planning in New York is essential for the efficient settlement of a decedent’s estate.  The New York Probate Lawyer Blog has published many articles regarding planning an estate.  The various documents which may be prepared as part of a plan include a Last Will and Testament, Living Will, Health Care Proxy, Power of Attorney […]
https://www.newyorkprobatelawy....erblog.com/new-york-