The Financial Crimes Enforcement Network has issued an interim final rule that removes the obligation for U.S. companies and U.S. persons to report beneficial ownership information (BOI). Now, only foreign entities registered to do business in the U.S. must comply, but they are not required to report U.S. persons as beneficial owners.
What Every Pet Owner Should Know About Estate Planning
Companion animals are an important part of our lives. According to a recent study by the American Animal Hospital Association:
- 62% of households in the U.S. have companion animals.
- 85% of pet owners refer to themselves as their pets’ “mom” or “dad”
- 63% celebrate their pets’ birthdays
- 87% include their pets in holiday celebrations
- 65% have sung or danced with their pets
- 52% have cooked for their pets
- According to the Centers for Disease Control, 14-62% of dogs and cats in the U.S. sleep in the same bed as their human companions.
So, why do so few people consider their companion animals in their estate planning?
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