November 2015

Family Limited Partnerships for a High Net Worth Family Office

Family limited partnerships are often ideal for families with closely held businesses. Are your family members actively involved in your trade or business? Does it make sense to divide rights to income, appreciation, and control among the family members? A family limited partnership may provide immediate tax advantages, maximize estate value, and secure a smooth …read more

Intentionally Defective Grantor Trust

Advanced Estate Planning An Intentionally Defective Grantor Trust (IDGT) may be right for you when planning your estate and looking to maximize the assets that pass to your loved ones.An IDGT may be the best way to transfer assets to younger generations with the least possible transfer tax consequences. What is an IDGT? An IDGT …read more

2015 Tax Update

Because the tax rules for 2015 are in flux, taxpayers will face uncertainty when making business and investment decisions. Lawmakers chose to retroactively revive dozens of tax breaks for 2014, only to allow them to expire again as 2015 begins. We expect congress to renew all popular tax breaks again for 2015, although if the …read more