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Category: Estate Tax

Changing the Rules Mid-Game: What the Connelly v U.S. Decision Means for Closely Held Corporations

If you are a shareholder in a closely held corporation, you need to know about the June 2024 decision from the U.S. Supreme Court case Connelly v. United States (2024)....

The Unintended Consequences of Bad Estate Planning

We always advise people to get estate planning done. If you don’t decide what will happen to your assets upon your death, the state will decide for you. But sometimes,...

What to Know About Estate Taxes for Estate Planning

An estate tax is levied on an estate of a certain value. Because the tax rate is so high – up to 40% – it’s smart to do what you...
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