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***Court suspends enforcement of the Corporate Transparency Act and associated BOI reporting.***
Court suspends enforcement of the Corporate Transparency Act and associated BOI reporting.

On December 3, 2024 a federal district court in the Eastern District of Texas granted a nationwide injunction, enjoining government enforcement of both the Corporate Transparency Act and the associated reporting rule requirements (i.e. BOI or Beneficial Ownership Information reporting).

This temporary injunction will likely be appealed by the government to the US Court of Appeals, and beyond (if necessary). It would be well to be prepared to comply with the BOI reporting rule in the event the decision is overturned, but until further notice, the mandatory reporting to the Financial Crimes Enforcement Network by “Reporting Companies” is suspended.

See FINCEN's website for the latest Alert: https://fincen.gov/boi

If you have questions, please contact your attorney.

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When should you review your estate plan?

Jason R. Lee
Blog, Legal Updates
When to update your estate plan

When circumstances in your life changes, your estate plan should be reviewed.  Tax law changes, moving to a new state, births, marriage, divorce or a death in the family are all occurrences that should prompt you to review your estate plan.  Regardless of any significant changes in your life, most attorneys will recommend that you review your estate plan every 3 – 5 years.  Estate planning attorneys keep up to date on changes in law and will review with you any important changes that may have occurred that will affect your estate plan. Attorney Jason Lee discusses when you should review your estate plan in this interview on KDUZ 1260 AM’s show “Legal Update.”

Jason Lee is an attorney with Melchert Hubert Sjodin at the Hutchinson, Minnesota office.  Jason represents estate planning, estate administration, real estate, and business clients.  To discuss your specific situation, contact our estate planning team at Melchert Hubert Sjodin at 320.587.2046.

Jason R. Lee
Jason represents family law and litigation clients. Rated a Rising Star by SuperLawyers, Jason is recognized as an expert in his field. Schedule a consultation with Jason by email, [email protected], or phone, (952) 442-7700.
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