Estate and Gift Valuation Planning in the 2020 Election Year

Executive Summary Recent estate planning articles are full of speculation about potential tax changes related to the upcoming 2020 US election. Here is the one consensus piece of advice observed from numerous articles by reputable tax planners and professional advisors: Use your lifetime gift tax exclusion now if you can afford it. Making gifts of … Continued

Appeals Case Highlights Critical Buy-Sell Agreement Issues

Executive Summary Business owners and their professional advisors should review corporate agreements to ensure buy-sell provisions are not out of date and will work as intended. Common traps related to the valuation process and buy-sell agreement language – which often lead to costly shareholder conflicts – are highlighted in a recent appellate court decision. Using … Continued