Thoughtful planning and careful implementation are essential to a successful estate plan that preserves wealth in the most tax-efficient manner and fulfills a family’s personal objectives....more
Family wineries face certain common issues when it comes to succession planning, and there are steps you can take to help ensure the longevity and success of your brand and business.
Step 1 – Develop a Plan -
Benjamin...more
9/6/2023
/ Asset Transfer ,
Corporate Governance ,
Estate Planning ,
Estate Tax ,
Fair Market Value ,
Financial Statements ,
Internal Revenue Code (IRC) ,
Personal Brands ,
Promissory Notes ,
Property Tax ,
Revocable Trusts ,
Shareholders' Agreements ,
Small Business ,
Succession Planning ,
Wineries
- Annual inflation-indexing continues to increase the historically high lifetime exemption amount for gift, estate, and generation-skipping transfer taxes. Those of considerable wealth who have not yet made gifts, such as...more
9/29/2020
/ Asset Management ,
Capital Gains Tax ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Gifts ,
Grantor Trusts ,
Income Taxes ,
Promissory Notes ,
Qualified Small Business Stock ,
Sale of Assets ,
Stocks ,
Tax Deferral ,
Tax Exemptions ,
Tax Planning ,
Transfer Taxes ,
Trusts ,
Wealth Management
Estate planning for vineyard and winery owners has come to the forefront during this unpredictable pandemic and in light of the upcoming general election. There may be things out of your control, but your estate plan isn’t...more
9/8/2020
/ Asset Valuations ,
Continuing Legal Education ,
Estate Planning ,
Financial Planning ,
Gift-Tax Exemption ,
Interest Rates ,
Intra-Family Loans ,
Property Tax ,
Reassessments ,
Tax Planning ,
Wealth Management ,
Webinars ,
Wine & Alcohol ,
Wineries
The Setting Every Community Up for Retirement Enhancement Act (or SECURE Act), signed into law on December 20, 2019, changes retirement planning significantly and unexpectedly. The bulk of the changes become effective as of...more
2/3/2020
/ 401k ,
Asset Management ,
Beneficiaries ,
Beneficiary Designations ,
Estate Planning ,
Individual Retirement Account (IRA) ,
Inherited IRA ,
New Legislation ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
SECURE Act ,
Tax Deductions ,
Tax Deferral ,
Tax Planning ,
Trustees ,
Trusts
Wineries and vineyards are unique assets to consider when crafting personal financial, estate and business succession plans for clients, both of which are crucial components of wealth management....more
2/26/2019
/ Estate Planning ,
Estate Tax ,
Family Businesses ,
Financial Planning ,
Gift Tax ,
Goodwill ,
Succession Planning ,
Transfer of Assets ,
Trusts ,
Vinyards ,
Wealth Management ,
Wineries
High net worth families often utilize family entity structures, such as limited partnerships or limited liability companies, in order to provide for the coordinated management of family assets and move wealth to younger...more