Valulation Discounts Disappear for Family Owned Business
Aug 11, 2016
The IRS has issued proposed regulations that will almost entirely eliminate discounted values for any family owned business interests sold, gifted or bequeathed next year. A window of opportunity exis...
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Family Partnership Discounts Lost Due to Poor Operations
Apr 08, 2016
Family Limited Partnerships require maintenance. Ignore them after formation, and you risk losing all the value you planned for. Regular collaborative reviews by accountants and attorneys of operation...
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Do I need an Estate Planning Attorney?
Feb 10, 2011
With the recent tax law changes that reunified the estate and gift tax exemptions and increased them to $5 million, with "portability" between spouses, only couples with more than $10 million in asset...
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Gifting to Grandchildren in 2010
Oct 20, 2010
Normally, a grandchild or more remote descendant is considered a "skip person" under Section 2613 of the Internal Revenue Code (the "Code"). Unrelated individuals and trusts can also be skip persons un...
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