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As a business owner, you know the importance of planning for your company’s future. But, have you thought about long-term care buyout planning?

AUTHORING THE FUTURE Another year gone by — and what a year it was.

The actual task of determining what is includable in your gross estate often requires in-depth analysis by a qualified professional.

The agency’s growing workload and declining resources has led to an overuse of automated processes to adjust tax liabilities and communicate with taxpayers.

When it comes to business owners and the impact a disability can have on their business, there are many issues to address. Consider the following hypothetical case.

If you are thinking about establishing a trust, you need to select a trustee—someone who is charged with administering the trust according to your wishes.

Today’s financial markets, economy, and banking industry hang on the decisions made by Federal Reserve Chairman Jerome Powell.

If you’re a business owner, you’ve most likely worked hard to build and manage a company that provides for you and your family. As a result, the income and wealth derived from your business success has become a significant portion of your estate.

Many estate planning practitioners view the irrevocable life insurance trust (ILIT) as a flexible and useful tool that can provide a number of benefits to their clients.

Therefore, to obtain the best tax treatment, taxpayers must time their expenditures and document how proceeds are spent.