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Tax Law for the Closely Held Business

Legal Updates & Commentary for Tax & Estate Planning

Section 2055

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Succession Planning and Charitable Bequests: It Pays to Sweat the Details

By Farrell Fritz P.C. on March 25, 2019
Posted in Federal Tax Issues

After Me, Who Cares?

In the context of a family-owned business, managerial succession and the transfer of ownership – not necessarily the same thing – can turn into quite an adventure when they are not well-planned.

Let’s begin with the premise that the business is owned and managed by at least one parent. As is…

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