Articles written by DeWitt Law Firm
Articles written by
DeWitt Law Firm
Buy-Sell Agreements and Their Impact on Estate Taxes
With the anticipated sunset of the historically high estate tax exemption amounts at the end of 2025, many closely held business owners with buy-sell agreements may unknowingly be exposing themselves to relatively larger estate tax liabilities.
Lifetime Estate Tax Exemption Considerations
For some families, it is desirous to give money and/or assets to loved ones while still alive. Giving now can be a savvy tax move for families with significant wealth as both the present value and any potential growth of the transferred assets are removed from your taxable estate.