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Category: Alerts

Warning! Your ILIT Could Become Subject to Estate Tax

Oct 18, 2021 - by

Warning! Your ILIT Could Become Subject to Estate Tax Death of the Irrevocable Life Insurance Trust (ILIT) The proposed tax legislation in Washington includes a lurking surprise for many who have used an irrevocable life insurance trust (ILIT) to shift the death benefit of life insurance policies out of their […]

New Legislation Updates Professional Liability Insurance Coverage Requirements for Healthcare Providers

Aug 9, 2021 - by

On May 19, 2021, Governor Kelly approved and signed S.B. 78, a lengthy insurance bill, into law. This law relates to various aspects of insurance requirements. Most importantly, however, this law amends the Healthcare Stabilization Fund (the “Fund”) minimum professional liability insurance coverage requirements for all health care providers. Considering […]

COBRA: New Required and Recommended Notices

Apr 15, 2021 - by

To read this Alert in PDF format, click here. In our recent Alert on March 25, 2021 (see here), we briefly addressed some of the latest COBRA developments regarding (i) how to calculate COBRA deadlines now that the COVID-19-inspired suspension of the original deadlines has been lifted, and (ii) who […]

COBRA: New Developments – Suspended Deadlines

Mar 25, 2021 - by

To read this Alert in PDF format, click here. If you’re an employer and you offer a group health plan to your employees that is subject to COBRA, you will be affected by two recent developments coming out of Washington: New Guidance Regarding Suspension of COBRA Deadlines. The Department of […]

Beware Potential 2021 Gift Tax Trap

Mar 24, 2021 - by

For 2021, the gift and estate tax exemption under current law is $11.7 million per person. Many pundits and articles have warned people about making gifts in 2021 that could become taxable if tax reform legislation is made retroactive to January 1, 2021. However, there is a trap lurking if […]

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