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Here are two common situations and innovative solutions that might help if you have no clue about effective tax strategies.

As a family business grows, the owner must ultimately consider how the business will prosper when he or she exits the company.

The following glossary provides a brief description of various types of trusts. Because trusts are complex, it is essential that you consult a professional.

Income tax laws are complex. Yet, many individuals do their own income tax returns. However, if your finances have become more complicated, hiring a professional might be less stressful.

In assessing the risk exposures particular to your business, consider what can go wrong and how such events might affect your business.

AMT may be affecting more and more middle-income taxpayers, but until Congress takes legislative action, your chances of paying the AMT may keep increasing.

When selecting a guardian, be sure to openly and honestly discuss these important issues. You may then feel assured, knowing a caring individual will raise your children in a loving, supportive environment.

A buy-sell agreement will ensure that your family, and those who depend on your business, will continue to benefit from the legacy of your business.

A lot of tax policy has changed from previous years, so you would be well-served by taking these tax-planning steps right now.

A monthly newsletter providing you insight into the law, finance and family matters (with an occasional dose of humor) from your friends and advocates at DuPont Wealth Solutions and the Law Offices of DuPont and Blumenstiel.