Goodbye Easy Estate Valuation Discounts

If you’ve been putting off making gifts of your closely held business interests, you may want to kick start that process. Yesterday, the Treasury department announced its proposed regulations to curb taxpayers’ ability to take significant fractional interest discounts when valuing gifts of closely held business interests for estate and gift tax purposes.  These proposed regulations are targeting, […]

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ABLE Accounts Coming Soon to a Bank Near You

In 2014, Congress passed the Achieving Better Life Experience (“ABLE”) Act which authorizes the use of 529A accounts – or “ABLE accounts” – as an alternative/supplement to Special Needs Trusts.  The ABLE Act allows individuals to establish ABLE accounts similar to the college savings accounts you may recognize as “529 Accounts”. The ABLE accounts were […]

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