How Proposed Changes to Family Businesses Could Raise Estate Tax Liability

Posted on: January 6th, 2017
Over the summer of 2016, the IRS released proposed changes to tax provisions (Section 2704) that apply to most business entities, including family businesses. These potential changes could have a major impact on tax planning, including estate tax implications....

3 Estate Planning Items to Consider When Selling a Business

Posted on: December 15th, 2015
With a growing number of entrepreneurs in North Carolina, combined with a reliable survival rate, small business owners might encounter an opportunity to sell their business. How will proceeds from the sale be managed, protected, and taxed?...

5 Estate Planning Items for Family Businesses in NC

Posted on: October 15th, 2015
Whether owners wish to transfer the business to the next generation, or ensure that the transition of the business into new hands is managed in a way that benefits family members, these goals are difficult if impossible to reach without having a plan in place....

Non-Tax Benefits of Family Limited Liability Companies

Posted on: April 28th, 2014
Family Limited Liability Companies (FLLC) are one of several asset protection tools used to preserve assets of family businesses. These assets may include real estate and investments....

GRATs and FLPs okay this year?

Posted on: January 25th, 2010
I’m at the University of Miami School of Law’s Heckerling Institute on Estate Planning this week. ...
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