In rapid fashion, the Fifth U.S. Circuit Court of Appeals has reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas that concluded the Corporate Transparency Act (CTA) was likely to be found unconstitutional.
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.