As the year winds down, it’s the perfect opportunity to review your estate plans while spending time with family during the holidays. Founding partner, Dawn Hall Cunneen joined Roy Robertson on KUSI’s Good Business San Diego to discuss important topics like planning around significant life events and understanding the legal changes coming in 2025 that could impact your estate and business. These include a reduction in the federal basic exclusion amount for transfer taxes—cutting the amount individuals can transfer tax-free during their lifetime or at death by nearly half—and updates to the Corporate Transparency Act, which requires businesses to report beneficial ownership details to combat illicit activities. Currently, a federal court has temporarily blocked the Act’s reporting requirements, but this may change pending an appeal. Watch the full discussion here to stay informed and ready for the year ahead.
