Net gifts are gifts of money, property or assets for which the giver agrees to pay the gift tax — thus reducing the value of the gift for tax purposes. It can be appealing if you’ve exhausted your lifetime gift tax exemption. Another option is the “net, net gift,” which can enable you to finance your…
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The Basics of Estate Planning
With the many changes in the estate tax in recent years, you could be confused about the need for estate planning. But estate planning was never just about reducing estate taxes. It is also about ensuring that your estate is distributed according to your wishes and that your heirs are properly provided for. At a minimum,…
What Is the Correct Standard of Value in Divorce?
Business valuation is an evolving discipline. In some jurisdictions, investment value — rather than fair market value — has emerged as the preferred standard of value in some divorce cases. This trend is important to monitor to ensure your valuation expert estimates the correct standard of value. If not, a court may disregard his or her conclusion. Investment…