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| Uses of Trusts in Estate Planning |
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This article addresses the different types of trusts that may be used in estate planning including Credit Shelter Trusts, Trusts for Children, Irrevocable Life Insurance Trusts and other more sophisticted trusts for special situations. Trusts.pdf
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| Business Valuation |
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One of the major considerations in dealing with a closely held business is its valuation for estate planning and business succession planning. Insofar as there is not a ready market for closely held businesses as there is with traded stocks and bonds, there are usually mulitple methods and techniques in arriving at a fair market value. Absent an arms length sale, a business valuation may be determined in a range of values rather than one absolute value. Business Valuation.pdf
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| A Family Buy Sell Gone Awry |
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This article discusses a true case regarding a family buy sell situation that resulted in unintended consequences in regard to both the business's dispositon and valuation. A Family Buy Sell Gone Awry.pdf |
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| Life Insurance Transfer for Value Issues |
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One of the primary benefits of life insurance is the income tax free receipt of the death benefit proceeds by the beneficiary. However, there are situations where due to transfers of the life insurance policy or one of its elements may cause the death benefit proceeds to be subject to income tax. Click here to read an article on this potential trap for the unwary. Understanding Transfer for Value.pdf |
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