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There’s Currently a “Stepped-up Basis” If You Inherit Property — But Will it Last?

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If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current rules Under the current fair market […]

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Family Business Owners Must Weave Together Succession And Estate Planning

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It’s been estimated that there are roughly 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions to both employment figures and the gross domestic product. […]

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Why it’s Important to Plan For Income Taxes as Part of Your Estate Plan

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As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much […]

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How to Plan For Succession: Preserving, Protecting, and Passing on Wealth

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The decisions made regarding ownership of the family office or closely held business may not necessarily be the same decisions that are required for leadership and management. It’s critical to […]

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