By Andy Medici | Phoenix Business Journal The federal Opportunity Zone program is undergoing a major transition in 2026, leaving businesses only a few more months to prepare for what’s ahead. The Opportunity Zone program, introduced during President Trump’s first term as part of the Tax Cuts and Jobs Act of 2017, by definition aims to “spur economic growth and job creation in low-income communities while providing tax benefits to investors. …
“The article offers a timely reminder of the fleeting opportunity created by the Tax Cuts and Jobs Act to maximize wealth preservation before the current elevated estate and gift tax exemptions sunset in 2025. It effectively underscores the importance of acting early to capitalize on the temporary exemptions, which allow individuals and families to transfer significant wealth while minimizing future …
Private equity keeps inching closer to college sports, and now has a bit more certainty around its modeling. Driving the news: A federal judge on Friday approved a settlement that sets the stage for schools to pay their student-athletes. Each school will be allowed to share up to $20.5 million in revenue, mostly with football players. That cap is expected to …
By Julia Carpenter | Wall Street Journal Everyone in my family knows about my mother’s big blue binder. I jokingly refer to it as her “Book of Life.” The binder includes physical copies of important documents, directives for next of kin and information on various accounts, passwords and assets—all the paper makings of an estate plan. For years, I thought …
By Madelaine Braggs | Rose Law Group Reporter At a recent panel hosted by the USPTO at Arizona State University’s Sandra Day O’Connor College of Law, legal professionals gathered to discuss the increasingly complex landscape of Name, Image, and Likeness (NIL) rights for student athletes. Moderated by ASU second-year law student Keyerra Harfield, the panel featured: George Finn, Senior Transactions …
By Ralph Russo | New York Times Former Ohio State quarterback Terrelle Pryor sued his alma mater, the NCAA and the Big Ten over denied compensation for name, image and likeness during his college career, according to a lawsuit filed Friday in an Ohio federal court. Pryor’s lawsuit comes on the heels of former USC star and Heisman Trophy winner Reggie Bush filing a similar suit against his former school and the NCAA, and several former Michigan …
By Kaetlyn Liddy | InBusiness Phoenix When former gymnast Jordyn Wieber won the all-around world championship ahead of the 2012 London Olympics, she faced a difficult dilemma. She could gamble on Olympic success and become a professional athlete or refuse the financial opportunity of the fleeting Olympic spotlight and retain her NCAA eligibility. With no guarantee she would make the …
By David Weinstock | Kiplinger The new year has brought notable changes to federal gift, estate and generation-skipping transfer (GST) tax rules. Inflation adjustments for 2024 offer fairly substantial increases to gift and estate tax exemption amounts, along with increases to annual exclusion gifts, which individuals and families should be aware of in order to maximize the potential tax benefits. …
By Barbara Davies | Daily Mail Despite grieving her daughter Lisa Marie’s sudden death in January, Priscilla Presley will be pitching up at Glasgow’s City Halls next month at the start of a series of intimate UK talk shows about her extraordinary life. With tickets from £53.20 to £156.80 for a VIP package and ‘the chance to meet’ Priscilla herself, Elvis’s widow …
By Alessandra Malito | Market Watch Ultrawealthy families with millions of dollars to leave behind as inheritances will save a lot on taxes thanks to the Internal Revenue Service’s latest portability rule. Individuals can give up to $12.06 million tax-free to their children and other nonspousal beneficiaries during their lifetime or upon death, under limits for 2022. Anything above that …
