What Is Family Business Succession Planning?
Studies have shown that the number of family businesses owned by second generations and third generations dramatically decline for a number of reasons. One large reason is the lack of business succession planning for the family business.
What Does SLAT Mean in Estate Planning?
These spousal trusts are garnering attention as estate and gift tax exemptions are poised for overhaul.
What Could Proposed Estate Tax Bill Mean to You?
The For the 99.5% Act reduces the estate tax exemption to $3.5 million per individual and $7 million per couple. The bill adds higher tax brackets for larger estates.
Should You Update Your Will When You Move?
State-by-state differences in matters around taxes, inheritance, marital property and more make a thorough review imperative.
COVID-19 UPDATE: IRS Postpones Gift and GST Tax Filing Deadline to July 15
The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15, 2020, because of the novel coronavirus pandemic.
