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3rd Quarter, 2016
Life and Legacy Advisor
Due to the importance of the following topic, our newsletter will contain just one article this quarter.
New Estate Tax Law Changes Coming!
On August 4, the Treasury Department issued long-awaited Proposed Regulations on valuation discounts for family-owned businesses under §2704 of the Internal Revenue Code. The Proposed Regulations introduce significant changes that eliminate almost all valuation discounts in the family context.

The Proposed Regulations are out for comment until a public hearing on December 1, 2016, and will become effective on or after the date of publication of a Treasury decision adopting the Proposed Regulations as final regulations.

Clients that hold interests in family-controlled businesses should take action by year end if they want to achieve valuation discounts under the current rules. The Proposed Regulations will dramatically curtail and possibly eliminate discounted transfer opportunities for transfer tax purposes. Read more »

Did You Know?

If You've Waited 90 Seconds, You've Waited A....
  • Triminute
  • Moment
  • Interval
  • Midgling


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