1. Business and real estate values may be down as much as 20% since last year at this time. This creates opportunities for transferring the business, stock or assets to children or key employees at
There are many other viable estate-planning tools and techniques that should be discussed with your tax adviser, but the key is to plan ahead.
Now is a particularly good time for business owners to think about estate tax planning.
President Obama wants to freeze the current estate tax level to $3.5 million which is the estate tax exemption amount for 2009.
The rate is the lowest it has been since the inception of the 7520 rate in May 1989.
