Strategies to Reduce Estate Taxes
The estate tax exemption raised by the Tax Cuts and Jobs Act will sunset in five years—possibly sooner, as the new Congress gears up for a Biden tax overhaul.
May 20, 2021
Time to Consider Business Succession Planning
Studies have shown that the number of family businesses owned by second generations and third generations dramatically decline for a number of reasons. One large reason is the lack of business succession planning for the family business.
March 30, 2021
You have Options when Inheriting a House
Inheriting a residential property like a house marks the end of a life and the beginning of deciding what to do with the property and implementing that plan.
March 23, 2021
Donor Advised Fund is a Win-Win for All Concerned
Funded with cash or other assets, donor-advised funds give charitably minded investors control of when and where their funds are distributed.
March 3, 2021
The Generation-Skipping Tax Can Make A Big Impact
Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.
March 2, 2021
Creating a Successful Business Exit Plan
Robert Redford officially bought what was once the Timp Haven Resort (now known as the Sundance Mountain Resort) in 1969. This year, he’s stepped away, selling the resort to Broadreach Capital Partners and Cedar Capital Partners. While we don’t know how much the resort was sold for, the structure of the sale shows how this iconic real estate investor has built a successful exit strategy.
January 14, 2021
Should a GRAT Be Part of Your Estate Plan?
Low interest rates and looming potential tax changes make this a good time for high-net-worth clients to use a special tool to transfer wealth: the grantor-retained annuity trust (GRAT), a strategy to reduce future estate taxes, by transferring assets to beneficiaries without using the lifetime gift tax exclusion.
December 21, 2020
Implementing Succession Plans Before Year Ends
We currently have the highest estate tax exemption and the lowest intra-family interest rates in history. That combination alone is significant, but when mixed with the potential for lower estate and gift tax exemptions and depressed business valuations, you have a potent catalyst for transitioning ownership.
December 3, 2020
Brad Wiewel Talks About Estate Planning Tips
In today’s blog post, Brad Wiewel talks with NBC affiliate KXAN’s morning show, Studio 512, about estate planning tips for 2021. He and host Rosie
November 30, 2020
Creating a GRIT Could Have Some Benefits
Trusts can be useful in estate planning for passing on assets to your heirs. A grantor retained income trust (GRIT) is a specific type of trust that allows you to transfer assets, while still benefiting from the income they generate.
November 24, 2020