A family business may grow to the point where you, the owner, are called upon to undergo a radical transformation and change from being the “doer” to being the manager.
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Lifestyle•Advocacy•Family•Finance Newsletter
THE PILOT MYSTERIES We’ve got a special treat for you this edition. It’s my pleasure to announce that our firm is releasing our very own serialized mystery series.
Using a Durable Power of Attorney
While an attorney is a licensed professional who is legally designated to conduct business on your behalf, did you know you have the right to grant this power to anyone you choose?
Guiding Light: The IRS and Letter Rulings
Although the federal Tax Code (the Code) and its accompanying regulations cover myriad topics, they do not address every possible financial transaction.
Wealth-Transfer Taxes Can Take a Toll on Small Businesses
Most business owners work long and hard to build their business and want to do all they can to help protect their heirs from a heavy estate tax burden.
Long Term Care: Tax Breaks Now and in the Future
Uncertainty and ambivalence shouldn’t prevent us from thinking about the future and preparing for it.
Keeping Taxes Low When Making Loans to Family Members
While small interest-free loans may be common in your family, you should be aware that all larger transfers of money between adult family members can have tax consequences.
Retirement Planning and the “One-Man Band”
If you’re an “owner-only” business, you may think your retirement planning options are rather limited. On the contrary, you can enjoy some of the same retirement plans available to larger businesses.
Benefit Trade-Offs in Property Titling
When it comes to property, many couples are unaware of the alternative methods of titling, as well as some of the trade-offs involved in selecting a particular form of holding property.
Keep Land in the Family with Conservation Easements
A conservation easement can be helpful as a means of reducing income taxes and lowering the value of estates for tax planning purposes.