The Biden Administration announced changes to the Paycheck Protection Program (PPP) to increase lending to smaller businesses and help ensure equitable distribution of loans to them. But qualified businesses may want to act fast because there is a two-week period when PPP loan applications will exclusively be accepted from businesses with fewer than 20 employees. PPP…

QPRT is a funny-looking acronym for an unusual, but often useful, estate planning strategy. The letters stand for qualified personal residence trust — and, as the name implies, trust owners transfer their homes to QPRTs to help avoid possible estate taxes and to benefit their heirs. Let’s take a closer look. Key Selling Points Probably the…

In her will, American businesswoman Leona Helmsley left $12 million in a trust fund to her dog Trouble (who died four years after she did). Helmsley’s four executors were responsible for seeing that her wishes were carried out. In the years after her death, they dealt with challenges from two disinherited grandchildren, oversaw scores of properties…