News & Insights
The Strategic Use of Directed Trusts in High-Net-Worth Estate Planning
Directed trusts offer high-net-worth individuals greater flexibility and control in estate planning by allowing trusted advisors to oversee investment and distribution decisions. This structure separates
Why Small to Midsize Businesses (SMBs) Need Specialized Tax Guidance
It has been our experience that business owners of SMBs do not get the attention required from their professionals and are confused as to their
Understanding U.S. Exit Tax
As the global landscape becomes more interconnected, the financial and political implications of renouncing U.S. citizenship or permanent resident status have taken on new significance.
2025 Tax Deadlines
Navigate tax season smoothly with our guide to the 2025 tax deadlines. Stay ahead and avoid unnecessary penalties.
Talking M&A Series
Welcome to the first article in our series on mergers and acquisitions (M&A). At Basswood Counsel, we aim to explain the M&A process in a
Basswood advises Military Widow with Wrongful Taxation pursuit by the IRS
Basswood Counsel is proud to have provided pro bono services to a widow with a child of a soldier who was killed in active duty
The Global Wait for the U.S. Beneficial Ownership Reporting Implementation
Since the adoption of the Corporate Transparency Act (the “CTA”) in 2021, there has been ongoing discourse around the constitutionality of the beneficial ownership information
SEC No-Action Letter Relaxes Burden for Verifying Accredited Investor Status in Rule 506(C) Offerings
On March 12, 2025, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter in response to a request seeking interpretative guidance on verifying
When to Appoint a Corporate Trustee
For any estate plan that includes a trust, the appointment of the trustee for the trust is of critical importance to the successful administration of