Not a week goes by where this isn’t some communication about the estate tax; the good, the bad and the ugly. It is tied to deficit reduction, holiday giving, history, and how to correctly “soak the rich”.
This communication has a direct impact on us. During the next three to four weeks InKnowVision will receive, more than likely, ten or more calls from advisors whose clients want to do year-end planning. If history repeats itself, then at least three of those will be planned for and implemented.
When was the last time you heard a business owner say something like this,
“I owe it to my 200(+) employees to keep them employed. I’ve already made it. All I want is enough to support my current lifestyle so that my wife and I can enjoy our final years together. Help me to create a plan to make this transition so I can feel great about its outcome.”
Owner, $80M manufacturing company
InKnowVision Case 2011
Times like these do not lend themselves nicely to “discretionary” advanced planning. There is too much at stake.
Filed under: Advanced Estate Planning, advanced tax planning, Business Succession Planning, Business Transition Planning, Estate Planinng, High Net Worth, high net worth tax planning, Legacy Planning | Tagged: Advanced Estate Planning, advanced tax planning, Business, Business Succession Planning, Business Transition Planning, estate planning, high net worth, Inheritance, Inheritance tax, Legacy Planning, Tax Planning | Leave a Comment »