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Building a successful business takes resources and commitment. After pouring time, energy, and financial equity into a business, it’s rewarding when your child takes an interest in what you do and becomes a part of it. Family and closely-held business owners will often gift ownership interests to their child as […]
As published in Forbes, December 3, 2021. By Edward Segal HBO’s hit show, Succession follows a dysfunctional family as they navigate the complexities (and drama) of running a family-owned conglomerate headquartered in New York City. While the show is pure fiction, journalist Edward Segal draws parallels to real-life business owners […]
Taxation Blog , Wills, Trusts & Estates Blog
Understanding the Importance for Planning of your Future and your Beneficiaries’ Needs We all know the saying, “There are two things in life that are unavoidable: death and taxes.” But what about death taxes? Prior to 2018, New Jersey residents often used the terms “estate tax” and “inheritance tax” interchangeably […]
As published in the New Jersey Law Journal, April 29, 2021 Designing an estate plan to protect an inheritance should not be reserved just to the wealthiest clients. For most clients, the risk of a child’s divorce is far greater than the risk of a future estate tax. To ensure […]
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