The Tax Implications of Divorce: Alimony, Child Support, IRAs and More
Divorce is a complex and emotionally charged process that also brings substantial financial considerations, with three of the most significant financial aspects of a divorce being alimony (spousal support), child support, and property division under Internal Revenue Code (“Code”)[1] Section 1041. Understanding the tax implications of these decisions is critical, as they can significantly impact…
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When Silence Is/Isn’t Golden in Commercial Real Estate P&S Agreements
While sellers typically initiate the first drafts of commercial real estate purchase and sale agreements, some larger buyers have the leverage to require use of their own form agreements. Sellers in these situations should be aware of the effect of omission of certain “standard” seller-favorable contract terms. Inclusion of these terms is critical for sellers…
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The ABCs of AIA Contracts: Legal Considerations
Whether you love them, hate them or this is your first-time hearing of them, the AIA form document set, created by the American Institute of Architects (AIA), are the most widely used forms in the construction industry today. AIA construction documents were intended to ease contract negotiations and the compliance process. The purpose was to…
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Injunction Halts Enforcement of Corporate Transparency Act: What’s Next?
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction temporarily blocking enforcement of the Corporate Transparency Act (CTA) and its reporting rule (Reporting Rule). This ruling effectively halts the requirement for reporting companies to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN)…
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The Future of U.S. Environmental Regulation: What to Expect in 2025
While still a newly minted lawyer early in 1977, I had the good fortune to land a job with the then brand-new Rhode Island Department of Environmental Management. This coincided with the 1976 election of Jimmy Carter as President, who was more favorable to environmental protection than his predecessors. State environmental agencies address many local…
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Trust Administration: Key Steps to Protecting Your Legacy
Estate planning is an essential process which can ensure that your wealth is distributed appropriately after you pass. Every estate planning attorney’s goal is to assist clients to protect their assets, instead of allowing the unpredictability of life to negatively impact their legacy. However, as an attorney with a wealth of experience representing trustees, I…
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Surrogacy, Adoption and Beyond: Your Parental Rights in Rhode Island
As the holidays approach, family is at the forefront in many people’s minds. Families come in every variety of size, color, age, gender and chaos. Some families look like the Cleavers or the Cosbys. Others look more like the Simpsons or the Tanners – and others are their own version of a Modern Family. Although…
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Predicting U.S. Labor & Employment Changes From New Administration
As with previous shifts between administrations, the upcoming transfer of power from the Biden administration to the return of the Trump administration promises to bring with it a myriad of changes, with labor and employment being among the more drastically affected landscapes. While we can only speculate as to the changes based on the Trump…
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Winning at M&A in 2025: The Insider’s Playbook
As an avid Red Sox fan and former Los Angeles resident who often attended Dodgers games, I may still be basking in the Yankees’ loss in the World Series. Whatever the reason, I can’t help but draw parallels between the game of baseball and the world of M&A. Both are games of strategy, requiring a…
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How Will New Congress Impact Tax and Estate Planning Strategies?
With the looming elections, tax planners have taken time to consider what the future of Estate and Gift Tax planning might be under the new Congress.[1] Every new Congress considers changes to the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury Regulations, which they will either propose or endorse. In general…
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