There is no simple answer as to when is the perfect time to sell your business. A variety of factors drive the equation – factors that fluctuate constantly and vary greatly in how they affect individual businesses and families. However, if you are on the fence about selling your business […]
Considering the nature of the outbreak, there are legitimate questions whether parties to commercial contracts may invoke force majeure provisions as a defense to non-performance.
GRATs can successfully transfer wealth to the next generation (an individual’s children) free of estate and gift taxes if the rate of return on the assets subject to the transfer exceed the Section 7520 Rate, a rate equal to 120% of the mid-term AFR (see my last post for an explanation on AFRs). The Section 7520 Rate for October 2019 is just 1.8%.
We are in a period of historically low interest rates so I’ve decided to write a series of posts that focus on estate tax reduction strategies that are favored in low interest rate environments.
Administered properly, Revocable Living Trusts can assist in the avoidance of costly and time consuming probate administration that can frustrate a person’s beneficiaries for many months, if not years, following death.
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