Taxation with Representation

Much to the dismay of prospective parents, babies do not come with a handbook or road map to instruct parents on the journey of this new life. Prospective parents spend hours in classes regarding the birthing process and caring for a newborn. Growth and milestones of a child are measured and tracked. Prospective parents typically do all that is possible to prepare themselves for the new responsibility of caring for and protecting this new life. Most parents, new and seasoned, continue their involvement in the child’s life by making sure the child is active, nourished, emotionally ...

In the Spring/Summer 2023 edition of our firm’s award-winning Views & Visions magazine, Bowles Rice attorneys and tax team members Hannah French and Kathryn Gioia co-authored the article Preparing for the Future with Digital Assets. The article ends with a link to this blog.

What follows in this companion blog post are the real-world examples, considerations, and hypotheticals that Hannah and Kathryn alluded to at the end of their article (i.e., the legitimate issues and considerations that can have a major impact on an account holder and their beneficiaries, and the ...