Late 2016, the IRS proposed measures that would effectively reduce, or outright eliminate, the possibility for valuation discounts on estate transfers. Businesses will have to seek a commercial attorney to help figure out just how to transfer their assets to family members without the gift tax claiming large portions of it. How Valuation Discounts Currently Work Valuation discounts serve to lower market value of privately held companies, or their stock, when transferring those assets to … [Read more...]
A Revocable Living Gun Trust May Be Right On Target
Firearms, including automatic weapons and gun collections, that are to be passed down to beneficiaries require special consideration and creating… READ MORE
