Some people recognize that they are financially vulnerable at the beginning of a marriage. They may negotiate a prenuptial agreement before they have their wedding to protect themselves and their future spouses from the risks inherent in marriage. Many others allow...
Under Wyoming law a four-year statute of limitations is applicable to ordinary negligence claims. An open question existed under Wyoming law as to whether insurance agents malpractice claims were also subject to the four-year general statute of limitations. However,...
The Supreme Courts of Washington and South Carolina have rejected business interruption coverage for Covid-19 related lawsuits, as well as the 7th Circuit U.S. Court of Appeals. In Hill and Stout, PLLC v. Mutual of Eunumclaw Insurance Co., 515 P.3d 525 (Wash. 2022),...
When facing divorce as a high-net-worth individual in Arizona, you have much at stake. You’ve likely spent your entire life building your wealth, so it may seem unfair to have an unreasonable amount of that wealth given to your ex in your divorce decree. By arming...
One of the most frustrating things you may experience as you navigate the process of ending your marriage is having to move. In the midst of the transitions you are experiencing, the thought of having to find a new place to live for you and your children could be...
Several celebrities coined a new term that immediately went viral regarding post-divorce parenting. Rather than saying they were getting divorced, they told reporters they were “uncoupling.” They wanted to minimize stress for the whole family regarding child custody...
One of the most challenging aspects of the divorce process for many Arizona spouses is the division of marital property. These matters can especially become a source of contention if you and your soon-to-be ex are involved in a high-asset divorce, where the total...
The amount that can pass estate tax free has increased to $13.61 million per person. A married couple with the appropriate language in their trust can pass twice that amount. The annual gift tax exclusion has also increased and is now $18,000 per recipient per year....
New Federal Reporting Requirements for LLCs, Corporations and Business Entities. Congress has passed the Corporate Transparency Act (“CTA”), which went into effect on January 1, 2024. The purpose of the CTA is to prevent bad actors to hide funds through complex...
Businesses, just like individuals, need to pay income taxes. They file quarterly reports and then also an annual income tax return. That annual return helps reconcile prior tax contributions with the actual amount due based on end-of-year financial reports. Owners and...