Deferred Sales Trust
A Deferred Sales Trust is a device to defer the taxable gain on the sale of appreciated real property or the like. Typically, when appreciated property is sold, the gain is taxable. The tax on this gain can generally be deferred or spread out with a sale on installment note. Such tax deferral is not…
Read MoreCorona Virus Emergency Documents
We have provided an on-line resource to help our clients and friends prepare for contingencies while we all “shelter in place” during an emergency such as the current corona virus / COVID-19 lock down. Any medical or financial crisis will be much worse if there are also legal complications. To be prepared during during the…
Read MoreWhat Is a Buy-Sell Agreement?
What Is a Buy-Sell Agreement What is a buy-sell agreement? A buy-sell agreement allows for the mandatory purchase of an owner’s interest in the business. Purchasers may include shareholders and/or the business itself. The 5 D’s The events that trigger a buy-sell agreement include the 5 D’s: 1) Death 2) Disability 3) Disagreement 3) Divorce…
Read MoreWHAT’S YOUR LEGACY?
What Legacy Will You Leave When You’re Gone? When you think about the legacy you’ll leave, what comes to mind? When you’re no longer on this earth, what kind of impact will you have on your Family? Community? Perhaps it’s security for your family or a monetary contribution to your community. It could also…
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