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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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Estate and Gift Tax Planning – Northbrook, IL
Posted October 22, 2014

Many people who are considering or have begun to draft an estate plan do not realize that Illinois and the federal government have different taxes for estates and gifts. This issue has caught many families unaware and the resulting tax bill can come at a major cost to heirs. It is important to understand the […]

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Only You Can Prevent Feuds Between Your Children
Posted February 27, 2014

Let’s talk about……Only You Can Prevent Feuds Between Your Children By Alan Orlowsky Hank and Betty, both in their eighties, each named their two adult children as co-trustees of their trusts. Hank died, leaving a $2 million estate. While Hank´s estate was still being administered, Betty died, leaving a $1.5 million estate. The two children, […]

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Baby Boomers: Do Your Parents Have an Estate Plan?
Posted January 08, 2014

Let’s Talk about…….Baby Boomers: Do your parents have an Estate Plan? By Alan Orlowsky Baby Boomer Joe McGill (not his real name) loved his parents, and when they died, Joe and his sister grieved. The fact that his parents left their estate in a chaotic mess didn’t diminish Joe’s affection for them, but it did […]

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