My original goal for this article was to begin an analysis of the proposed overhaul of the Internal Revenue Code and how to beat the new tax monster at his own game. No luck. ...
Although Joe was a planner, after he went to the big business in the sky, his estate plan and business succession plan (for Success Co.) turned into an economic and tax tragedy...
About one out of every three business owners who call me to do their estate plans own 51 percent of their business Why 51 percent? Hey, the fear of losing control My job is to...
For ease of understanding the overall plan is explained in four steps Create a Family Limited Partnership (FLIP) Create an Intentionally Defective Trust (IDT) The IDT buys a ...
Your family corporation should never own or be the beneficiary of life insurance on the life of a major stockholder If you have a so-called "paid-up policy" you are guaranteed...
Some of these tax benefits are expiring at the end of 2016 All of these were part of the “PATH Act of 2015” signed into law by President Obama on December 18, 2015 There’s not...