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BREAKING NEWS

There’s no place like (a new) home This Spring, McClenaghan Law Group will be moving to our new home in Dublin, Ohio. We are excited to share more information about our new location soon!We want to extend thanks to our awesome clients and neighbors that have made our time on Brown Park Drive so wonderful.…

Restatements, Amendments and Codicils

Restatements, Amendments and Codicils No one should rely on an old, out-of-date Trust or Last Will and Testament (Will) as the foundation of their estate plan. In our“Don’t Set-it-And-Forget-It” Blog Post, we talked about how important estate planning updates are. Many life events, even small ones, can change your estate plan. Restatements, Amendments, and Codicils…

ALERT: Corporate Transparency Act Once Again Enforceable

ALERT: Corporate Transparency Act Once Again Enforceable Below is the latest update from FinCEN. However, this controversy is likely to continue as this matter winds its way through the appellate court process. We will continue to keep you updated. – Charles FinCEN Extends Beneficial Ownership Information Reporting Deadline by 30 Days; Announces Intention to Revise Reporting…

ALERT: Corporate Transparency Act Nationwide Injunction Restored

On December 26, 2024, the Fifth Circuit Court of Appeals reversed its December 23, 2024, decision, reinstating the district court’s injunction blocking enforcement of the Corporate Transparency Act (CTA) and its implementing regulations.  In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and…

ALERT: Corporate Transparency Act Nationwide Injunction Stayed

On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.), the U.S. District Court for the Eastern District of Texas, Sherman Division, issued an order granting a nationwide preliminary injunction. On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit…

Corporate Transparency Act’s (CTA) Update

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction blocking the enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements. These reports were due by December 31, 2024. This decision came from the case Texas Top Cop Shop, Inc., et al. v.…

How to Pick a Trustee, Executor, and Power of Attorney

While the term fiduciary is a legal term with a rich history, it generally means someone who is legally obligated to act in another person’s best interest. Trustees, executors, and agents are examples of fiduciaries. When you select people to fill these roles in your estate plan, you are picking one or more people to…

CORPORATE TRANSPARANCY ACT FILING DEADLINE TO REPORT BENEFICIAL OWNERSHIP INFORMATION

The purpose of this letter is to bring to your attention the filing requirements under the Corporate Transparency Act for certain taxpayers with a qualified reporting company. This law, passed in 2021, created a new requirement to report beneficial ownership information (BOI) about the individuals who ultimately own or control a company. Starting January of…

Estate Planning Is About Knowing Your Priorities

The first step in creating an estate plan is to consider your priorities. Your goals and wishes will be unique to your circumstances and the needs of your loved ones. Getting clear on your priorities is important to the estate planning process because we need to work together with your other advisors to ensure that…

Why You Want to Avoid Intestacy

About two out of three Americans will die without a will. This is known as dying intestate. While the reasons for not having a will vary, the end result is the same for everyone: they do not get to choose who receives their property when they die. Instead, their money and property are distributed according…
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