Insights

Cameron Casey Speaking at MCLE Annual Nonprofit Law Conference

Cameron Casey will be speaking on the panel, "Choice of Entity," at Massachusetts Continuing Legal Education (MCLE) New England's 25th Annual Nonprofit Law Conference on Wednesday, May 15, 2024.

Marc Bloostein and Renat Lumpau Speaking at MCLE Estate Planning Conference

Renat Lumpau and Marc Bloostein are speaking at the Massachusetts Continuing Legal Education, Inc. (MCLE) New England's 25th Annual Estate Planning Conference on Tuesday, April 23rd.

Memo:
Corporate Transparency Act

A new set of federal disclosure requirements will come into effect on January 1, 2024. The Corporate Transparency Act (“CTA”) will require companies to identify their beneficial owners, unless the company falls within a list of exemptions.

Corporate Transparency Act:
LLCs and Other Entities Required to Report Ownership and Control Information to the Federal Government, Deadlines Vary

The new federal disclosure requirements under the Corporate Transparency Act (“CTA”) will come into effect on January 1, 2024, although only certain entities (those formed in 2024) will need to report next year.  For entities formed before 2024, the deadline for reporting will be later, on January 1, 2025.

Treasury Releases Proposed Donor Advised Fund Regulations Addressing Taxable Distributions and Key Definitions

Following more than 15 years of anticipation, Treasury and the IRS have issued proposed regulations interpreting certain Internal Revenue Code (Code) provisions applicable to donor advised funds (DAFs).

IRS Releases Annual Inflation Adjustments for Tax Year 2024

The Internal Revenue Service recently released annual inflation adjustments for 2024. They include increased gift, estate, and generation-skipping transfer (“GST”) tax exemptions and annual gift tax exclusions, increased retirement account limits, and new income tax brackets.

Lowell Blake Team Joins Choate

Choate Hall & Stewart LLP announced today that the team of professionals at Lowell Blake & Associates (LBA) will join Choate’s Wealth Management Group.

Utilizing ESG as Criteria in Investment Analysis

In this episode of the Family Office Services Podcast Series, Choate Investment Advisors’ Erin Kerr and Alison Svizzero discuss how environmental, social, and governance (ESG) criteria are used by investors in evaluating companies, in addition to traditional fundamental analysis, to determine long-term performance.

Massachusetts Tax Relief Bill Signed Into Law

On October 4, 2023, Governor Maura Healey signed into law “An Act to improve the Commonwealth’s competitiveness, affordability, and equity.”  The Act makes key tax changes to the Massachusetts estate tax and short-term capital gains, and closes the "millionaires tax" loophole for married couples, in addition to other provisions.