A buy-sell agreement should be a critical part of your estate plan if you have an interest in a business that’s closely held or family owned. The agreement provides for the disposition of each owner’s interest after a...more
It’s true that because of the current record-high gift and estate tax exemption amount, most families don’t have to worry about transfer taxes. However, there are high net worth individuals who must continue to work to reduce...more
A buy-sell agreement provides for the disposition of each owner’s business interest after a “triggering event,” such as death, disability, divorce, termination of employment or withdrawal from the business. However, to be...more
It’s not uncommon for high-net-worth individuals to hold their assets in trusts, family limited partnerships or charitable foundations. If the assets held in this manner include interests in hedge funds or other...more
10/4/2018
/ Accredited Investors ,
Charitable Organizations ,
Estate Planning ,
Family Businesses ,
High Net-Worth ,
Investment Company Act of 1940 ,
Private Investment Funds ,
Qualified Purchaser ,
Regulation D ,
Rule 506 ,
Securities Act of 1933 ,
Securities Violations ,
Trusts ,
Unregistered Securities
In This Issue:
- Who needs an estate plan? Quick answer: Everyone
- NINGs, DINGs and WINGs: Understanding the tax angles of self-settled trusts
- Securities laws can derail your estate plan
- ESTATE PLANNING...more
10/1/2018
/ 401k ,
Accredited Investors ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Gift Tax ,
Individual Retirement Account (IRA) ,
Investment Funds ,
Nongrantor Trusts ,
Private Funds ,
Probate ,
Revocable Trusts ,
Tax Cuts and Jobs Act ,
Trusts ,
Unregistered Securities ,
Wills
If a person owns a business with one or more individuals, drafting a buy-sell agreement is smart estate planning, as the business interests likely represent a substantial part of his or her estate. This article explores the...more
In This Issue:
- Estate planning for your business: Use an ESOP to properly address your closely held company
- Are your assets protected from creditors?
- Preparing a parent for a nursing home
- ESTATE PLANNING...more
4/2/2018
/ Closely Held Businesses ,
Creditors ,
Elder Care ,
Elder Issues ,
ESOP ,
Estate Planning ,
Family Businesses ,
Liability Insurance ,
Life Insurance ,
Long Term Care Facilities ,
Nursing Homes ,
Popular ,
Retirement Funds ,
Transfer of Assets ,
Trust Assets ,
Trusts
In This Issue:
- When should you turn down an inheritance?
- Addressing intellectual property requires careful estate planning
- Year end is an ideal time to review your estate plan
- Estate planning pitfall: You’re...more
12/1/2017
/ Charitable Deductions ,
Disclaimers ,
Double Taxation ,
Estate Planning ,
Estate Tax ,
Expatriates ,
Family Businesses ,
Generation-Skipping Transfer ,
Inheritance ,
Intellectual Property Protection ,
Patents ,
Retirement ,
Trusts ,
Wills
In This Issue:
- An uncertain tax climate: An estate tax repeal might result in negative tax consequences for some families
- A 529 plan can benefit your estate plan
- Would a spendthrift trust help achieve your...more
Generally, trusts must have one or more human beneficiaries, but there’s an exception for certain “purpose” trusts. One popular type of purpose trust is a charitable trust. But don’t overlook the noncharitable purpose (NCP)...more
Protecting family assets in the event of a divorce is particularly significant for family business owners, who typically want to avoid sharing ownership with their ex-spouses or their children’s ex-spouses. A prenuptial...more
8/3/2015
/ Community Property ,
Divorce ,
Domestic Asset Protection Trust (DAPT) ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Foreign Asset Protection Trusts (FAPT) ,
Foreign Trusts ,
Gift Tax ,
Marital Assets ,
Prenuptial Agreements ,
Separate Property ,
Spouses ,
Trusts
If a substantial portion of a person’s wealth is tied up in a family or closely held business, he or she may be concerned that the estate will lack sufficient liquid assets to pay estate taxes. If that’s the case, heirs may...more
In This Issue:
- The basics of basis: Basis planning can result in significant tax savings
- Does a private annuity have a place in your estate plan?
- Estate tax relief for family businesses
- Estate Planning...more