If you’re lucky enough to own a vacation home, you might wonder about the optimal ownership structure for the property. For rental real estate properties and real estate held for investment, such as raw land, good choices are single-member and multi-member limited liability companies (LLCs). But the LLC option isn’t always right for vacation homeowners. Here’s…

Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. For Richer or PoorerRegardless of your net worth, it’s critical to understand your choices when developing an estate strategy. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate…

The discount for lack of marketability (DLOM) is one of the most contentious issues in business valuation. One reason is that the DLOM can lower a business interest’s value by as much as 35 percent — or more. Another reason is that the DLOM varies significantly, depending on the rights and restrictions attached to the business…