Written by David J. Neuman, JD Tax & Legal Manager As the upcoming elections approach, many wealthy Americans are consulting estate planners and financial advisors to determine the best course of action to protect their assets from potential changes in estate tax laws. Significant changes were made…
Written by David J. Neuman, JD Tax & Legal Manager The recent developments in business succession planning have introduced new challenges that business owners must carefully navigate. Traditionally, many closely held businesses have relied on life insurance policies on their owners as a key component of their…
The recent IRS clarification on the rules governing inherited retirement accounts has significant implications for individuals who stand to inherit these assets. The updated guidance, stemming from a 2019 law, brings much-needed clarity but also introduces new challenges for those planning their financial future. The core of this…
