Posted on: July 23, 2023
The “step-up” in basis has to do with the calculation of the capital gains on the sale of property.
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Posted on: July 20, 2023
An individual’s belongings—jewelry, furniture, photographs, and books—sometimes slip through the cracks of their estate plan. While a book lover could gift certain books to a beneficiary in a will, they may leave behind other books that the family must decide what to do with. The family’s first inclination when encountering piles of old books might […]
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Posted on: July 19, 2023
There are some significant benefits of creating a living trust.
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Posted on: July 18, 2023
The family’s attorney and family office advisors should exercise caution in a marriage in which there are children from a prior marriage or other nonstandard family situations.
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Posted on: July 17, 2023
This sunsetting creates a big imperative for business owners to take a closer look at tax planning, and not treat a grim fiscal inevitability like another unfortunate surprise.
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Posted on: July 16, 2023
All business owners will have to exit their business either through retirement or undertaking a new endeavor. Some will leave it to a successor, while others will sell. Regardless of what you choose to do, it is never too early to start planning.
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Posted on: July 13, 2023
If there’s one thing that’s certain, it’s life’s uncertainty. While we all hope for the best, as a business owner, it’s important to be prepared for anything. Having an answer to life’s curveballs can help you stay in business, ensure that your legacy lives on, and that your business partners and family are taken care of.
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Posted on: July 12, 2023
The modern blended family has far more needs when it comes to estate planning than a traditional family. Here are some challenges, tips and solutions.
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Posted on: July 11, 2023
In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give to any one person each year.
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