Business Succession Planning through a GRAT

Andrew J. Horwitz, CFP® |
My Business
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If you own a business that you wish to pass on to your heirs, a Grantor Retained Annuity Trust (GRAT) can offer tax savings and other advantages.A GRAT is a popular method of transferring property tax -efficiently, such as stock in a closely held business, to a trust in exchange for an annual payment (or annuity) for a term of years.GRATs allow a business owner to maintain control of the business, while passing along appreciation to the beneficiaries in the form of closely held stock.

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Becoming a Philanthropist: It’s More than Just Writing Checks

Wealth Planning
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There are many factors to consider when becoming a philanthropist or starting a charity.   Establishing a new charity requires many important considerations.Adopting a strategic vision for the charity brings discipline and focus to philanthropy.Prudent investing and fundraising are key to a charity’s growth potential.Just as an individual goes through life cycles, so does a charity.

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Planning is Vital for Family Business Owners

Marguerite C. Weese |
My Business

Take steps now to secure your future while reducing taxes on your estate.A number of tools are available to help you ensure your firm’s future, reduce the size of your estate, and lessen your tax liability.Stock redemption, special-use valuation, and discounting stock can all help to ease the estate tax burden.Entities such as LLCs and charitable trusts also offer unique tax minimization benefits.

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