Category: Succession Planning

IRS Raises Limit of Lifetime Gifts for 2015
Posted January 02, 2015

IRS Raises Limit of Lifetime Gifts for 2015 By Alan G. Orlowsky Recently, the Internal Revenue Service announced an increase in the lifetime limit of tax-free transfers during life or at death. This year, the amount known as the basic exclusion was set at $5.34 million. For 2015, the basic exclusion will be increased to […]

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How to Create a Viable Business Succession Plan
Posted November 10, 2014

How to Create a Viable Business Succession Plan By: Alan Orlowsky Many people spend the majority of their lives creating and building a family business, but very few seriously consider how to pass that business on to the next generation. Family businesses account for over 50 percent of total gross domestic product in the United […]

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