Running a business comes with its own inherent list of challenges and rewards. On a daily basis, you are often faced with decision-making opportunities that can affect the future of the company, including current tax liability and financial health. However, there’s one decision that impacts the future in more far-reaching ways that is often overlooked […]
If you have a relative who recently died and left you in charge of his or her finances, you are not alone. You probably have colleagues at work in the same boat. A neighbor or two (or 10) and even your millennial yoga teacher might very well be working through a quagmire of wills, probates […]
While not common, boards can assist in succession planning for family businesses. This article discusses what type of boards have success, and what you should look for in independent directors. To view this article, click HERE to access the original content.
The longer people live, the greater the chance they will need assistance in old age. And today, people are living longer than ever. As if providing for one’s own retirement isn’t hard enough, now we must factor in the cost of providing long-term care. Health insurance – including Medicare – is designed to cover only […]
Many people are wondering how their estate taxes will be impacted under the new tax reform guidelines. This article explains certain tax ramifications that may be unintended, but will certainly influence your estate planning process. To view this article, click the following link to access the original content. http://www.cpapracticeadvisor.com/news/12414339/estate-planning-under-the-new-tax-reform-guidelines
by Matthew Bergman, CPA On August 7, 2011, the IRS issued guidance on the time and manner for making the election not to have estate tax apply to estates of decedents who died in 2010. The election must be made by November 15, 2011. The notice also discusses how donors can elect out of automatic […]