Creating an estate strategy is all about helping ensure that your final wishes are carried out in the event of your death and your assets are transferred to your heirs with managing taxes in mind. How well do you know the fundamentals of estate management? Take our short quiz and see. 1. Probate is defined as:…

Most business owners are reactive when it comes to having their businesses valued. But it sometimes pays to be proactive. Sometimes valuations are necessities, such as for determining the value of the business interest in an estate. Others are obtained for more elective reasons but are helpful to business owners nevertheless. Buy-Sell Agreements Can Achieve Non-Tax ObjectivesBuy-sell agreements offer…

When selling a business, there are some buyers who would be willing to pay a premium above the fair market value of the business on a controlling basis. These strategic (or synergistic) buyers might include competitors looking to build market share, joint venture partners who already understand the business model or players that are vertically…