Introduction Managing the financial affairs of a trust or estate can be complex and overwhelming – even for accomplished individuals. Trust and estate accounting requirements are designed to ensure transparency, accountability, and proper administration of assets. Whether you are a trustee, executor, or beneficiary, understanding these accountings is crucial. The following discusses the fundamentals of […]
As a business owner you may not be aware of a newly effective registration requirement imposed by the U.S. government (the “Reporting Rules”). Under Reporting Rules, the failure to completely, timely and accurately report Beneficial Ownership information may result in civil or criminal penalties including, but not limited to, civil penalties of up to $500.00 […]
Are you traveling abroad this summer and leaving your minor children in the care of family or friends? As of November 2021, New Jersey amended the Standby Guardianship Law. This change allows for caregivers—parents, custodians or guardians—to temporarily appoint another adult to exercise powers regarding the health, support, education, and maintenance of their children.[1] […]