In This Issue:

- Transitioning The Family Business to the Next Generation

- Charitable Trusts and Estate Planning

- Recent Tax Developments

- Excerpt from Transitioning The Family Business to the Next Generation:

The transition of a family owned business involves a variety of legal and tax issues. While most business owners plan to avoid taxes and develop creditor protection strategies, business owners also should be focused on preserving family harmony, furthering family values, and ensuring that future generations have the skills needed to be successful. The timing of a plan, establishing goals, and determining values must be incorporated for a plan to be successful.