by Christine | Jun 22, 2012 | Asset Protection, Entity Structure, Partnership |
Charging Order Challenge Successful If a creditor’s remedy is restricted to a charging order, that means that the creditor cannot get at the assets of a partnership or LLC, right? Wrong. Most business owners seek to protect their personal assets from problems arising...
by Christine | Jun 21, 2012 | Charitable Giving, Taxes |
As the tax-code debate heats up this election season, one cherished break for taxpayers in upper brackets—the deduction for charitable contributions—is under fire. The bridge is out. As the current tax code barrels down the track there seems to be no one in the engine...
by Christine | Jun 20, 2012 | Charitable Giving, Real Estate |
A California entrepreneur got a harsh lesson on the rules of charitable contributions… when the U.S. Tax Court denied his $18.5 million deduction for real estate donations —not because he inflated their values, but because he didn't follow the rules. When it comes...
by Christine | Jun 19, 2012 | Estate Planning, High-Net-Worth, Inheritors |
The heads of ultra-high-net-worth families often have different views of how money should be bequeathed than those who will inherit it, according to a recent study. For every planner considering the inheritance to leave and the arrangements to make, there is also a...
by Christine | Jun 18, 2012 | Estate Planning, Farms, Succession Planning |
Farmers and ranchers are typically strapped for cash so when one of them dies leaving an estate large enough to be exposed to the federal estate tax the family can expect to have to sell something to cover the tax. That does not have to be the case. The estate tax has...
