The Federal government is up in arms over dirty money. It says that cartels, foreign dictators and fraudsters are using cash to buy residential real estate as a method of laundering money. An all-cash purchase avoids scrutiny from financial institutions and evades mandatory reporting. Thus, your friendly government came up with the new Real Estate Report that must be filed with the Financial Crimes Enforcement Network, FinCEN, whenever certain residential real...

There is a new benefit available to families with minor children: a 530A account commonly referred to as the Trump account. Every parent owes it to their child to look into the possibilities.   What Is a Trump Account (530A Account)? The Trump account is a tax-advantaged IRA-like account that is designed specifically for children. Trump accounts become available July 5, 2026. Opening the account starts with filing Form 4537 or using...

Always finish the job. In this case, the job is completing your estate planning documents. You might think that you are finished once you sign the documents. You would be wrong. The final act is to talk to the agent you named about his or her duties under the documents. Today, we will focus on your Durable Power of Attorney. In this document, you designated an agent to handle your financial...