by Jennifer Abelaj | Jan 14, 2026 | Governance, Liability, Non-Profits
Unilateral Silencing of Charities Deemed to be Terrorist Organizations: Pending Legislation Although it has not made much news, a proposed Bill titled Stop Terror-Financing and Tax Penalties on American Hostages has been making its way through Congress. As of...
by Jennifer Abelaj | Jan 14, 2026 | Estate Planning, Trusts, Wills, Women Estate Planning
Estate Planning When Your Spouse Isn’t On Board: What to Do If you are ready to begin estate planning, but are getting resistance from your spouse, you may be wondering if you should go it alone. Although addressing your combined estate and goals is helpful, you can...
by Jennifer Abelaj | Jan 14, 2026 | Closely-Held Businesses, Special Bulletin
Deadline for Registering with FinCEN Delayed Following Preliminary Injunction Court Decision Provides Temporary Reprieve on Filing On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against...
by Jennifer Abelaj | Jan 14, 2026 | Divorce, Estate Planning, Wills
Estate Planning For Embryos Under New York State Expanded Bill of Rights If you are a New York State resident and who has obtained medical care to expand your family via assisted reproductive technology, you should be aware of the revision of New York State’s Equal...
by Jennifer Abelaj | Jan 13, 2026 | Governance, Non-Profits, Proposed Legislation, Taxation
Tax-Exempt Organizations and Political Activity As the 2024 election nears, now is a good time for your tax-exempt organization to review the rules and regulations regarding political activity. A 501(c)(3) tax-exempt organization can engage in limited amounts of...
by Jennifer Abelaj | Jan 13, 2026 | Estate Planning, In the News
Announcement: Proud Member of PurseStrings! We are pleased to share that Jennifer V. Abelaj has been admitted to the membership of Purse Strings. With the motto “Be Financially Fearless,” Purse Strings focuses on giving women access to easy-to-use resources and...
by Jennifer Abelaj | Jan 13, 2026 | Closely-Held Businesses, Estate Planning, Special Bulletin
Federal and New York State Corporate Transparency Act; Act Now! The Corporate Transparency Act (“CTA”) is effective January 1, 2024. FinCEN now requires that all LLCs, corporations, limited partnerships, or other similar businesses file information about the company’s...
by Jennifer Abelaj | Jan 13, 2026 | Estate Planning, Taxation
Updated Estate and Gift Tax Values for 2024 Effective January 1, 2024, the applicable values for estate and gift tax purposes increased in accordance with inflation. Federal Lifetime Estate and Gift Tax Exemption The federal lifetime estate and gift tax exemption is...
by Jennifer Abelaj | Jan 13, 2026 | Closely-Held Businesses
January 2024 Bulletin: FinCEN Access to Private Information Corporate Transparency Act Authorizes Access to Government and Financial Institutions The United States Department of the Treasury along with the Financial Crimes Network (FinCEN) implemented the Corporate...
by Jennifer Abelaj | Jan 13, 2026 | Special Bulletin
December 2023 Bulletin: New Law Corporate Transparency Act Creates Trap for Unwary Starting January 1, 2024, small corporations, LLCs, and similar entities are required to report beneficial ownership information to the Treasury’s Financial Crime Enforcement Network...
