McNees Insights: Estate Planning - Summer 2014

McNees Wallace & Nurick LLC
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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.

Please see full issue below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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