Most business owners and attorneys know the basics of the business valuation process. For example, you might know that there are three approaches to value: the cost, market and income approaches. You might even know some of the methods that fall under these approaches, including the: But experienced laypeople also understand that the process of…
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Act Now: 5 Tips to Cut Your 2024 Tax Bill
With the election behind us and the holiday season in full swing, you may not be thinking about taxes. But you still have time to take proactive steps to reduce your federal income tax liability for 2024. Here are five last-minute tax planning strategies to consider before year end. Important: Many Tax Cuts and Jobs…
A Health Care Directive Can Go By Many Different Names
A health care directive is a critical piece of your overall estate plan. Why? It allows you to communicate your preferences in advance for medical care in the event you’re incapacitated and cannot express your wishes. However, depending on your jurisdiction, a directive can go by several different names, including living wills, advance medical directives and directives…