by kkpatton | Feb 6, 2024 | Business Planning, Corporate Transparency Act, Estate Planning
Small business owners will have one more item on their compliance to-do list! The Corporate Transparency Act (“CTA”) reporting requirements went into effect on January 1, 2024. The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020 (AMLA),...
by kkpatton | Jan 11, 2023 | Estate Planning, Living Trust, Trust Administration, Trust Maintenance
Over the past several months, a number of our clients have received communications from their banks requesting additional information regarding their trusts. Specifically, we know of both USAA and Chase sending notices to clients requesting “trust beneficiary...
by kkpatton | Dec 24, 2022 | Estate Planning, Living Trust, Probate, Trust Administration
Last year we wrote about the popular investing app, Robinhood, and I think they must have heard us loud and clear when we said that they need to get on the ball and allow clients to name beneficiaries. Okay, maybe we can’t take ALL the credit for this update, but the...
by kkpatton | Nov 23, 2022 | Estate Planning, Trust Administration
There’s a lot to process when a loved one dies. Of principal importance is your personal grief and it is crucial that you gift yourself the time to attend to this need. Give yourself a moment (or two or three) to absorb the initial impact of this tremendous blow. Yes,...
by kkpatton | Nov 7, 2022 | Case Study, Estate Planning, Trust Administration
As humans, we spend a lot of time simplifying our lives. We declutter our desks and decline invitations to social events we’re not interested in attending. We pay down debt and eat whole foods. “Keep it simple” has become a mantra, and yet—when it comes to estate...
