Wilmington Trust and Family Business Magazine hosted a business valuation webinar on August 8, featuring our own Alvina Lo and Jonathan Fitzgerald. The webinar provided a comprehensive look at how the sweeping changes enacted under the Tax Cuts and Jobs Act of 2017 impact business owners, including strategies on how to optimize the new tax advantages. A video playback of the webinar is posted below.
Establish your trust in the right state, the First State.Changes in the federal tax laws have provided a renewed focus on state income taxes and strategies available to minimize these taxes.While personal trusts have been used most commonly as estate and gift tax planning vehicles, they now have increased importance as tools for minimizing a family’s federal and state income tax liability.
Implement tax-advantaged trust strategies post tax reform.Tax reform has created major changes and opportunities for high-net-worth taxpayers, particularly those who are real estate investors and developers.The creation of section 199A brings a new, advantageous deduction to those in the real estate business.From a strategic planning perspective, real estate investors, owners, and developers may want to consider targeted trust strategies.