There is a concept in estate and tax planning called Discount for Lack of Marketability. Basically, it says that assets in a company are not as valuable as assets owned directly by a person. This can save a family a ton of money in estate taxes if
I was called personally by the “IRS” several weeks ago. The IRS folks left a message for me saying that the IRS was putting a lien on my property and issuing an arrest warrant for me, because I owed back taxes that had never been resolved. I
My cousin came into the office with a map of an elaborate business plan. It had layers of business entities outlined on a sheet. She described her business and then wanted todiscuss all the types of entities she wanted to use. She described how effective she thought
The question of how long a power of attorney lasts has two different answers–a legal one and a practical one. First, the legal answer is however long you set it up to last. If you set a date for a power of attorney to lapse, then it
