Insights

Choate Wealth Given Top Ranking in Chambers High Net Worth 2024

Choate Wealth is ranked as a Band 1 Massachusetts Private Wealth Law practice in the 2024 edition of Chambers High Net Worth (HNW), along with nine partners receiving local and national rankings.

Corporate Transparency Act:
LLCs and Other Entities Required to Report Ownership and Control Information to the Federal Government, Deadlines Vary

The new federal disclosure requirements under the Corporate Transparency Act (“CTA”) will come into effect on January 1, 2024, although only certain entities (those formed in 2024) will need to report next year.  For entities formed before 2024, the deadline for reporting will be later, on January 1, 2025.

IRS Releases Annual Inflation Adjustments for Tax Year 2024

The Internal Revenue Service recently released annual inflation adjustments for 2024. They include increased gift, estate, and generation-skipping transfer (“GST”) tax exemptions and annual gift tax exclusions, increased retirement account limits, and new income tax brackets.

Massachusetts Tax Relief Bill Signed Into Law

On October 4, 2023, Governor Maura Healey signed into law “An Act to improve the Commonwealth’s competitiveness, affordability, and equity.”  The Act makes key tax changes to the Massachusetts estate tax and short-term capital gains, and closes the "millionaires tax" loophole for married couples, in addition to other provisions.

Choate Attorneys Recognized in Best Lawyers in America® 2024

Best Lawyers in America® has recognized 43 Choate attorneys in its 2024 edition, including naming 4 partners as Lawyer of the Year in Boston for their respective practice areas.

Choate Private Wealth Practice Recognized in Chambers High Net Worth 2023

Choate is ranked as a Band 1 Massachusetts Private Wealth Law practice in the 2023 edition of Chambers High Net Worth (HNW), along with nine partners receiving local and national rankings.

Choate Welcomes Eighteen Attorneys and Business Professionals to Wealth Management Group

Today, Choate welcomes a comprehensive team of eighteen attorneys and business professionals to our Wealth Management Group. The team is led by partners Marc J. Bloostein, Cameron Casey, Kimberly E. Cohen, Jennifer S. Ewing and Geoffrey M. Mason.