1. Dolly Parton is known for her philanthropy and has valuable lessons to teach about giving back.
2. Winning a court case and receiving a money judgment does not automatically provide funds, and there are steps to take to actually collect the money.
3. Non-citizens in the U.S. do not receive all the same tax benefits as citizens, especially when it comes to estate planning.
4. It’s important for all adults to have an estate plan in place, regardless of wealth or age, to ensure their wishes are implemented after their passing. 1. Congress is facing the decision of whether to address the sunset provisions of the Tax Cuts and Jobs Act in an election year.
2. There are concerns about whether Congress will extend the high estate tax exemption introduced in 2017 or allow it to expire in 2025.
3. It is unclear how much work Congress will be able to accomplish in 2024 amidst the upcoming elections.
https://smithlegacylaw.com/resources/insights/how-to-form-a-tax-exempt-organization/
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