We regularly meet business owners at our M&A conferences who lament that they have been assuming for years that their children would eventually take over the family business—only to eventually learn, for a variety of […]
Do you trust the government enough… to do your estate planning? Lindsay Lohan in (and out of and back in) rehab, Charlie Sheen’s party life, the economy on the upswing, the economy on the downturn… […]
I often hear two misconceptions regarding trusts. First, many people believe that because their net worth is under $2,000,000 (the applicable exclusion amount in 2008), their estate plan does not require a trust. Second, many […]
Over 90 percent of the businesses in the United States are closely held (nonpublic). More than two-thirds of those are family owned and controlled. Unfortunately, approximately 70 percent of them will not survive past the […]
As a tax consultant, I have personally met with hundreds of business owners throughout the United States, from all walks of life, engaged in a wide variety of industries. While the differences between individual business […]
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