Real estate business owners face unique challenges that many business owners in other industries do not experience. The real estate market climbs and falls, contractor fees and material costs rise with inflation, and high...more
7/23/2024
/ Estate Planning ,
Estate-Tax Exemption ,
Family Businesses ,
Gift-Tax Exemption ,
Holding Companies ,
Life Insurance ,
Liquidity ,
Real Estate Companies ,
Real Estate Holding Companies ,
Real Estate Transfers ,
SLAT ,
Succession Planning ,
Tax Planning
All U.S. closely held businesses just received a warning from the highest court in the land that they should review their succession plans (or else risk a higher tax bill for the estates of their owners). On June 6, 2024, the...more
6/17/2024
/ Business Ownership ,
Business Succession ,
Buy-Sell Agreements ,
Closely Held Businesses ,
Connelly v United States ,
Estate Planning ,
Estate Tax ,
Fair Market Value ,
IRS ,
Life Insurance ,
Redemption Agreement ,
SCOTUS ,
Shareholders ,
Small Business ,
Survivorship
Actor Will Rogers is widely credited with stating that “the only difference between death and taxes is that death doesn’t get worse every time Congress meets.” While most taxpayers fear tax laws changing for the worse, estate...more
5/25/2023
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Green Book ,
Inheritance Tax ,
Internal Revenue Code (IRC) ,
Legislative Agendas ,
Proposed Amendments ,
State and Local Government ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Relief ,
Trusts