What’s New in Sensible Steering – December 2024 Updates

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In December 2024, Sensible Steering launched a spread of recent content material and updates throughout varied authorized observe areas, enhancing the sources out there to authorized professionals. This month’s updates span Chapter, Enterprise Entities, Civil Litigation, Building, Worker Advantages, Federal Authorities, Labor & Employment, Actual Property, Tax, and Trusts & Estates.

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Bankrupty

Within the Chapter sector, a number of new trackers and content material updates have been launched. Notably, the Mega Chapter 11 Filings Tracker has added 10 Megas, and the Third-Party Release Tracker has been up to date to replicate latest circumstances influenced by the Supreme Court docket’s ruling in Purdue Pharma. Moreover, new amendments to the Bankruptcy Rules have been documented, and worldwide content material has been expanded with a Cross-Border Chapter 11 Proceedings chart.

Enterprise Entities

Enterprise Entities have seen the addition of quite a few board resolutions associated to reverse inventory splits throughout varied states, together with Alabama, Arizona, and California. New useful resource kits for board and shareholder resolutions have been added for California and New York, offering complete instruments for company governance.

Civil Litigation

Civil Litigation updates embody new FOIA checklists, guiding customers by way of drafting requests and commencing litigation when requests are denied. A brand new Conflicts of Curiosity Checklist has been launched to assist determine potential conflicts in proposed representations. Moreover, new Civil Litigation Fundamentals Useful resource Kits have been made out there for a number of states, together with Missouri and Virginia.

Building

In Building, new content material addresses the Economic Loss Rule in development disputes and the Illinois Home Repair and Remodeling Act, offering important steering for contractors on residential initiatives. A Mechanic’s Lien Resource Kit for Oklahoma has additionally been launched, providing priceless sources for managing liens in development initiatives.

Worker Advantages

Worker Advantages content material has been enriched with new insights into abandoned individual account plans and potential shifts in employee benefits below the Trump administration. These updates present employers with essential info to navigate modifications in the advantages panorama.

Federal Authorities

Federal Authorities updates embody new content material on bargaining unit determinations below the Federal Service Labor-Administration Relations Statute and grievances and arbitration below the identical statute. Authorized developments spotlight the Tax Court’s application of the strict construction rule in deciphering Treasury rules and a brand new technique from the White House to ban single-use plastics in federal procurements.

Labor & Employment

Labor & Employment updates characteristic revisions to minimum wage state law surveys, overlaying all 50 states and a number of other cities, together with comparability charts and a state and local law survey. These updates present complete insights into wage rules throughout the nation.

Actual Property

In Actual Property, new content material notes tackle guaranties of commercial real estate loans and key issues for terminating business leases in Pennsylvania and Massachusetts. A brand new state regulation comparability device report on lien precedence of future advances has additionally been launched.

Tax

Tax updates embody new content material on the affiliation of medical professional corporations with consolidated teams of companies and a cost of living adjustments chart for Inside Income Code sections from 2023 to 2025. Authorized developments proceed to give attention to the Tax Court’s interpretation of Treasury regulations.

Trusts & Estates

Lastly, Trusts & Estates updates characteristic a brand new article on 2025 federal exemption amounts and their impact on estate and gift tax planning. New templates for Illinois and New Jersey, together with a Massachusetts observe be aware on funding revocable trusts, present priceless sources for property planning professionals.

Make sure you examine the full update for brand spanking new sources throughout different areas.

To view these sources, sign in or take a free trial of Sensible Steering right now!

General, the December 2024 updates to Sensible Steering supply a wealth of recent info and instruments throughout a number of authorized observe areas, supporting authorized professionals in staying knowledgeable and efficient of their observe. Keep tuned for what’s to come back subsequent month!