Russ Alan Prince writes on Forbes about the pervasive lack of up to date estate plans for business owners and the negative implications of that. His article begins as follows:
As long as there are estate taxes, as long as there are intergenerational considerations, and as long as there
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The NY Times is reporting that Michael R. Bloomberg has decided to reassume the leadership of his business empire only eight months after ending his final term as mayor of New York.
Late Wednesday, Mr. Bloomberg told close confidants and senior executives of Bloomberg L.P., a financial data and media … Continue reading
When it comes to estate planning, certain assets warrant additional attention. Four examples to keep in mind are:
Businesses: those that require special licenses or specific kinds of expertise will necessitate the appointment of an individual who is authorized to administer the asset.
Firearms: a licensed trustee will be needed … Continue reading
Fox + Mattson reports about a buy-sell among the Hardy Boys and Nancy Drew. Specifically, Nancy, Frank and Joe were getting a little long in the tooth. They still had a bunch of work — all was not peaceful in either Bayport or River Heights — but the commute … Continue reading
The American Bar Association Section of Taxation submitted a substantial number of recommendations to the IRS from the following committees:
Affiliated and Related Corporations
Bankruptcy and Workouts Corporate Tax
Civil and Criminal Tax Penalties Employee Benefits
Fiduciary Income Tax
Foreign Activities of U.S. Taxpayers Investment Management … Continue reading
R. Douglas Harmon, of Parker Poe Adams & Bernstein LLP notes that few things are more important to a company’s success than identifying, hiring and retaining an effective CEO, and yet many boards of directors pay scant attention to succession planning.
Mr. Douglas also notes that Stanford’s Rock Center for … Continue reading
“…but in this world nothing can be said to be certain, except death and taxes.”
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