The establishment of a family office is an excellent way for an affluent family to manage their wealth and transfer it from one generation to the next. Wilmington Trust’s Brian Oard and Alvina Lo sat down with industry experts at the 2018 Hawaii Tax Institute Conference to discuss the factors to consider when establishing a family office.
Family Business
8 Results
Five Tax Reform Strategies for Business Owners
Make the increased federal transfer tax exemption work to your advantage. As a business owner, it’s important to understand how the new tax law changes can work to your advantage.The increased federal transfer tax exemption amount (the exemption) provides a unique opportunity for you to implement beneficial transfer tax strategies for your business interests.
When Family Business Owners Get Divorced
Valuation is key to the equitable distribution of your business. The inclusion of a family business in your divorce proceedings can make things a bit more complicated.Selling the business and splitting the assets, or one spouse buying out the other, are two options to consider.When a buyout is involved, it requires a business appraisal as well as a strategy to fund the buyout.Navigating the emotional and financial challenges of a divorce can be daunting enough.
