by ShuffieldLowman | Aug 17, 2016 | Blog, Estate Planning & Probate, Planning for High Net Worth Families with Closely Held Business
As you know, the Internal Revenue Service closely scrutinizes transfers between family members of stock, units, and partnership interests (“Stock”) in any corporation, limited liability company, or partnership that is family-owned (a “Family Business”). The Service...
by Alexander Douglas | Dec 23, 2013 | Blog, Estate Planning & Probate, Planning for High Net Worth Families with Closely Held Business
One of the most common errors parents can make when doing their estate planning is not making the hard choice as to who they want to serve as their fiduciary. Specifically, parents make the mistake of choosing among their children to serve as their fiduciary instead...
by Daniel Harris | Dec 3, 2013 | Blog, Estate Planning & Probate, Planning for High Net Worth Families with Closely Held Business
Orlando, FL – Often when a closely-held business (i.e. a non-publicly traded LLC, Partnership, or Corporation, hereinafter “Family Business”) is created there is a single shareholder who owns 100% of the voting units and thus makes all of the decisions...
by William Lowman Jr | Jul 25, 2013 | Blog, Planning for High Net Worth Families with Closely Held Business
To further expand on my blog post Planning for Succession in your Business dated June 26, 2013, I have outlined the seven steps to a successful business succession plan. I FAMILY RELATIONSHIP PLANNING Understanding family issues plays a key role in the...
by William Lowman Jr | Jun 26, 2013 | Blog, Planning for High Net Worth Families with Closely Held Business
Family businesses comprise approximately 90% of the businesses in the United States. Yet only about one in three survive to the next generation and one in ten to the third generation. Why? The closely-held family business often fails for the same reason that it...
by Mark Wisniewski | Feb 19, 2013 | Blog, Estate Planning & Probate, Planning for High Net Worth Families with Closely Held Business, Tax Advice & Controversy
In the wake of the media hype surrounding the fabled “fiscal cliff”, Congress and the President have passed the American Taxpayer Relief Act of 2012 (the “Act”). To assist you in understanding the implications of the Act, the following is a brief yet comprehensive...
