Family businesses statistically have only a 20% chance of being successfully transferred on to the next family generation. As I have mentioned before in other articles, the death tax owed on the death of the owner of the business is not the major factor for the loss of the business from one generation. To the […]
If you are like everyone else who has owned both stocks and real estate, the last few years have been terrible. Most individuals I have talked to have had their dreams changed. Some have been very dramatic. Younger individuals or couples have a much longer horizon to hopefully recoup their money, while the older generation […]
We are coming to the end of a two years period, through the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (“2010 Act”) that a couple could have transferred up to $10 million without having to worry about their estate paying any estate taxes on the death the surviving spouse ($5 million […]