Basswood Counsel is a boutique law firm providing hands-on, strategic corporate, mergers and acquisitions, tax, and transactional counsel—designed to navigate complexity with ease. Founded to prioritize meaningful client relationships over formalities, we collaborate with bold leaders across industries, tailoring our advice to support your unique goals and growth.
Navigating Legal
Complexities With Care
Our Mission
Our mission is to empower our clients to make informed decisions and achieve successful outcomes. We navigate legal complexities with clarity and precision to foster trust and understanding by breaking down legal jargon into easily comprehensible information. Our client-centric approach ensures a collaborative and productive partnership.
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US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective
Gina Lee and Christopher Klug break down the U.S. Exit Tax and what it means for citizens and long-term green card holders considering expatriation. They walk through the key tests that determine “covered expatriate” status, the mechanics of the mark-to-market regime, and strategies for mitigating unintended tax consequences.
News and Insights
The One Big Beautiful Bill Act and Its Impact on Estate and Gift Taxes
On July 4, 2025, the “One Big Beautiful Bill” (OBBB) was signed into law, which made permanent several provisions of
The One Big Beautiful Bill Act: What It Is and How It Affects Individuals
The One Big Beautiful Bill Act (the “OBBBA”) is landmark legislation passed on July 4, 2025 that has significant implications
The Critical Role of Distribution Advisors in Dynasty Trusts
Most dynasty trusts are now drafted as directed trusts. A directed trust is a trust that removes one or more
Delaware Trade, Business & Fictitious Name Change Registration Changes for February 2026
The administration of Trade, Business & Fictitious Names (“DBA”) registrations in Delaware will be transitioning as of February 2nd ,