Who Gets the Iron Skillet? A Solution for Avoiding Family Conflict By: Stephany Pedigo The Chambliss estate planning team often helps families navigate the complexities of administering a loved one's estate. Challenges can arise in addressing the personal property in the estate. Wills commonly Continue Reading
Corporate Transparency Act Blocked Again by the Fifth Circuit
On December 26, 2024, three days after a Fifth Circuit panel lifted the nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA), a different panel of the same court vacated the stay order and reinstated the injunction. The court's decision to vacate its order Continue Reading
Corporate Transparency Act Enforcement Resumes with New Deadlines
On December 23, 2024, the Fifth Circuit lifted a nationwide preliminary injunction that had temporarily halted enforcement of the Corporate Transparency Act (CTA). The Fifth Circuit determined that the government made a strong showing in its defense of the CTA's constitutionality and that a Continue Reading
Federal Court Blocks Enforcement of Corporate Transparency Act
With the January 1, 2025, filing deadline less than a month away, a Texas federal court issued a nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) on December 3, 2024. The court held that the CTA and its reporting requirements are likely Continue Reading
Health Care Providers Win Record $2.8 Billion Settlement in Landmark Antitrust Case Against Blue Cross Blue Shield
On October 14, 2024, a class of hospitals, physicians, and other health care providers (Provider Plaintiffs) reached a proposed $2.8 billion settlement of antitrust claims against the Blue Cross Blue Shield Association and other Blue Cross Blue Shield entities (collectively, BCBS). Though still Continue Reading
Chambliss Estate Planning Newsletter – November 2024
Understanding Beneficiary Designations in Estate Planning By: Abby Sutton An essential aspect of estate planning is determining how your assets will be distributed after you pass away. Many people believe their will controls all aspects of their estate but this is not entirely the case. Continue Reading
Corporate Transparency Act — Are you Ready for the January 2025 Deadline?
As the end of the year approaches, the Corporate Transparency Act (CTA) remains in effect despite facing legal challenges questioning its validity and constitutionality. The CTA, which took effect on January 1, 2024, requires many different types of business entities to report their beneficial Continue Reading
Important Tax Compliance Update for Church Operations: New State Ruling Impacts Lodging and Food Services
Prior to this opinion, you might have assumed that funds your church charged for providing food, beverages, or lodging related to a religious activity were tax-exempt and not liable for state sales tax. We are writing to inform you and your leadership about a recent opinion issued by the Office of Continue Reading
Chambliss Estate Planning Newsletter – September 2024
How You Can Utilize Your Trusts to Protect Assets and Provide for Loved Ones Published in EDGE Magazine Shelton Swafford Chambers and Nick Nester were recently featured in Edge Magazine where they shared insights on how trusts can be a powerful planning tool for you and your loved Continue Reading
Chambliss Estate Planning Newsletter – July 2024
The Truth About Probate: Turning Fear Into Confidence By: Rebecca Miller Avoiding probate is a goal frequently stated by our estate planning clients. When "probate" is mentioned, it conjures images of conflict, time-consuming legal battles, exorbitant fees, and endless headaches. Clients may Continue Reading