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Category: Latest News

Corporate Transparency Act Undermined: Legal Chaos and Its Implications

In early 2021, the United States Congress enacted the Corporate Transparency Act, introducing significant changes to corporate reporting requirements. The primary goal of the act is to enhance transparency in business ownership and combat illegal activities such as money laundering and tax evasion.[1] The law officially took effect on Jan. 1, 2024, mandating approximately 33 … Continued

AI’s Escalating Sophistication Presents New Legal Dilemmas

AI Agents and the Rise of Virtual Task Makers Artificial intelligence has evolved rapidly, progressing from simple automation tools to sophisticated systems capable of independent decision-making. At its core, AI refers to computer programs that mimic human intelligence by learning from data, recognizing patterns and performing tasks with minimal human intervention. A subset of AI, … Continued

How Tapping Can Help Lawyers Relieve Pain and Reduce Stress

The New York State Bar Association kicked off a free course on the calming technique known as emotional freedom in conjunction with Well-Being Week in Law and Mental Health Awareness month. Well-Being Week in Law was launched in 2020 to raise awareness about the special mental health needs of those in the legal profession. “Attorney … Continued

Are Santa Clauses in Estate Planning Documents Always a Welcome Gift?

It’s not the holiday season, but New York practitioners often have “Santa clauses” on their minds. These clauses, which are included in some New York estate planning documents, were introduced by practitioners several years ago to account for the New York “estate tax cliff” regime. Specifically, New York law provides a credit against estate tax … Continued