For many years the IRS has had in its crosshairs the valuation discount techniques used to reduce the gift tax value of transfers of interests in closely held businesses to family members. New regulations on this issue have been a high priority for the IRS and on August 2, 2016, the IRS released proposed regulations … Continue reading Estate Planning Alert: New IRS Proposed Regulations Target Gift Valuation Discounts
We all hear that everyone should have a Will, but why? And what happens if you don’t? A Last Will and Testament is a legal document which sets forth how your assets will be distributed upon your death. By executing a Will, you ensure that your beneficiaries inherit from you, in the amounts you want … Continue reading Do I Need a Will?