Progeny Law Firm

Although the Corporate Transparency Act’s Beneficial Ownership Information reports no longer apply to domestic entities due to their exemption, another FinCEN requirement is moving full steam ahead, and estate planning attorneys should not overlook it. Starting December 1, 2025, professionals involved in real estate closings and settlements will be required to submit reports to FinCEN for certain non-financed transfers of residential property to legal entities or trusts. The post Preparing for FinCEN Real Estate Reporting appeared first on Progeny Law Firm. http://dlvr.it/TNb7Jq

When Terry Bollea, aka “Hulk Hogan,” died on July 24 at age 71 in his Clearwater, Florida home, I wondered if I’d have another celebrity estate gone awry to discuss. I found something different but equally important for Estate Planning practitioners: disclaimers. The post Hulk Hogan and Disclaimers…? appeared first on Progeny Law Firm. http://dlvr.it/TNQK95

When Prince died over nine (9) years ago, he shocked his fans one last time. Turns out, his unexpected death wasn’t the last surprise. Prince died without an Estate Plan causing his siblings to spend the next six years fighting over his Estate. The post “Let’s Go Crazy” … Over Prince’s Estate appeared first on Progeny Law Firm. http://dlvr.it/TNH3G4

Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. The post How Specific Devises Impact Inheritance appeared first on Progeny Law Firm. http://dlvr.it/TMlCBy

Although many Estate Plans have a Revocable Trust as the foundation for the plan, Wills play an important role in a comprehensive Estate Plan. Alarmingly, most Americans don’t have a Will even though they know it’s important. As National Make a Will month comes to a close, let’s explore the often overlooked and neglected Estate Planning document, the Will. The post National Make-a-Will Month appeared first on Progeny Law Firm. http://dlvr.it/TMdcLZ

Jimmy Buffett’s brand of music inspired a way of life dedicated to relaxing. A trip to Key West, Florida embodies everything Jimmy held dear and serves as the backdrop to many of his songs. More than one city hosts a restaurant titled after his hit song, “Margaritaville.” While Buffett appeared to live a carefree lifestyle full of fun, his 2023 death alerted us that his passing left some issues unresolved. The post No More Cheeseburgers in Paradise appeared first on Progeny Law Firm. http://dlvr.it/TMTPXr