Beginning on January 1, 2025, certain registered entities are now required to file an annual report to verify continued existence. Included are domestic non-profit corporations, which typically include community associations (condominium, homeowner, co-operatives).
What Happens to My Animals?
“There has to be a better way to do this. If you want to leave money for your animals, you don’t want it all to go to taxes,” long-time horse owner Bonnie Ollie tells equestrian magazine USDF Connection.
For insight on finding a better way, the publication turned to Gawthrop Greenwood attorney J. Stoddard Hayes, who practices in estate planning, trust and estate administration, personal and fiduciary income taxation, and equine law. With his wife, Hayes also operates a family-owned horse farm and boarding facility.
Read on, to learn Hayes’ top tips as well as 3 options for making provisions for horses in the estate planning process.
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