Grantor Retained Annuity Trusts

On September 13, 2021, the House Ways and Means Committee released the text of the proposed legislation to fund the Build Back Better Act. In addition to reducing the current lifetime gift/estate and generation-skipping transfer ("GST") tax exemptions by approximately...

A succession plan must be up to date

Many sources, including this blog, advise business owners on how important it is to begin succession planning early. After all, an effective succession plan is not only a plan for a business owner’s retirement. It is also a plan to protect the business’s assets and...