On December 22, 2025, the FTC reopened and set aside the FTC’s 2024 consent order against the AI company Rytr LLC.[1] This move was made by the two active members, Chair Andrew Ferguson and Commissioner Mark Meador, leading the
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Governor Hochul Vetoes Proposed NYLTA Amendment
On December 19, Governor Hochul vetoed legislation that would have amended the definition of certain terms contained within the New York LLC Transparency Act (NYLTA). The governor’s veto means the terms “beneficial owner,” “reporting company,” and “exempt company” will continue
Ep. 59 – Elevating the Practice from Within: In Conversation with Dan Maloney Part II
In this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes back Dan Maloney, Senior Practice Manager, discussing the introduction of “Will Power,” an automation bot designed to streamline the drafting process from preparation of documents to
Private Client Services 2025 Year-End Advisory
As the new year approaches, we present our annual year-end advisory for 2025. This edition highlights noteworthy estate and gift tax changes and outlines planning opportunities for year-end and beyond. We also take a moment to recognize some of our
Abbott v. League of United Latin American Citizens (No. 25A608)
Yesterday, in Abbott v. League of United Latin American Citizens (No. 25A608), a presumably 6-3 Court issued a short order allowing Texas’s new, and explicitly gerrymandered, congressional map to go into effect for the 2026 congressional election. In doing so, it stayed a split three-judge District Court’s decision that
Ep. 58 – Navigating the Emotional Landscape of Probate Litigation with Matt Brown
In this episode, host Michael Clear is joined by Matt Brown, a Litigation Partner at Wiggin and Dana, to explore the human side of probate litigation. Their conversation sheds light on the emotional challenges that often accompany major life
Administration of Irrevocable Life Insurance Trusts
This memorandum is designed to outline some of the basic administrative steps to be followed by the Trustee of an irrevocable life insurance trust (hereinafter referred to as an “ILIT” or the “Trust”). When properly implemented and administered, an ILIT
Spousal Lifetime Access Trusts
Assets that you own at your death are included in your taxable estate. Lifetime gifting offers an excellent opportunity to remove assets from your taxable estate, yet it is often psychologically and economically difficult for people to make gifts and
Assisting Children with Residential Purchases
Many families wish to help their children take the important step of purchasing a first home. There is no single “best” approach—each method involves different tax, legal, practical, and emotional considerations, as discussed below.
Form 706 vs. Form 1041: What is Deductible?
Navigating the tax landscape during estate administration is like solving a complex puzzle with each piece representing opportunity and risk. One challenge is determining where key expenses can be deducted – on the estate tax return (Form 706) and/or the