The annual gift tax exclusion allows you to transfer up to $15,000 per beneficiary gift-tax-free for 2020, without tapping your lifetime gift and estate tax exemption. And you can double the exclusion to $30,000…
Transferring a family business to the next generation requires a delicate balancing act. Estate and succession planning strategies aren’t always compatible, and family members often have conflicting interests. By starting early and planning carefully,…
On June 3, 2020, the Minnesota Supreme Court issued a much-awaited opinion concerning sexual harassment law. The court reaffirmed cases holding that sexually harassing behavior must be “severe or pervasive” in order to state…
Using a revocable trust — sometimes referred to as a “living trust” — is a common estate planning strategy to manage one’s assets during life and to avoid probate at death. For the trust…
1. Are there any new insurance policies or endorsements available that would protect business owners against claims made by patrons, guests, or employees alleging exposure to and/or infection of the virus at their properties?…
Some of the most effective estate planning strategies involve setting up irrevocable trusts. For a trust to be deemed irrevocable, you, the grantor, lose all incidents of ownership of the trust’s assets. In other…
On May 19, Tim Ring joined Rick Ormsby and Derek Ball of Unbridled Capital as a guest on a webinar discussing the traps and provisions of the PPP loan forgiveness program. See the presentation accompanying…
Many property insurance policies contain coverage for certain types of business interruption. Business interruption insurance usually operates as a safety net to compensate business owners for losses when their place of business must temporarily…
There are several tools you can use to build flexibility into your estate plan. Flexibility is especially important now because of an uncertain estate planning environment. The federal gift and estate tax exemption currently…
