Post–Election Insight: What Do Election Outcomes Mean for the Country, Your Industry, and Your Company?

Each year, the oil & gas industry gathers for the “North America Prospect Expo,” better known as NAPE. The conference began modestly in a…

The Trump Administration’s release of the 2025 National Security Strategy (the “2025 NSS”) reinforces what has already become evident through policy and enforcement trends: trade, supply chains, and economic leverage are no longer supporting elements of national security policy, but rather its central tools. The most recent National Security Strategy was issued by the Biden administration in 2022.

The Federal gift and estate tax exemption (also known as the “basic exclusion amount”) increased to $15,000,000 per individual for calendar year 2026. Taxpayers whose assets are subject to gift or estate tax despite the increased exclusion amount still have tax planning strategies to consider. A grantor retained annuity trust, or GRAT, allows individuals to implement an estate tax planning strategy even if they have already used their basic exclusion amount.