Blog - "Altman Speaks"

Succession Planning is Key in a Family-Owned Business

Estate planning attorney, Gary Altman, Esq., tells The Business Monthly readers why "Succession Planning is Key in a Family-Owned Business." Read the article here!

The Answers to These Questions Might Change the Way You Think About Estate Planning

Estate planning is similar to the game of chess in that you need to be thinking one, two, sometimes three steps ahead. What are your answers to the questions below? Depending on your answers, you may need to create or update your existing Will and other estate planning documents. If your spouse survives you, to whom do you […]

D.C. Council Approves 2018 Budget, Estate Tax Exemption Will Increase As Planned

In 2014, the District of Columbia passed a significant tax reform bill that included gradually increasing its estate tax exemption amount of $1M to match the Federal exemption level ($5.49 million) as revenue targets were met. In 2017, the exemption doubled from $1M to $2M. On June 13, 2017, the Council voted to approve the 2018 budget which includes increasing the District’s […]

Holiday Hours

The Altman & Associates offices will be closing at 12:00 PM today and will re-open on Tuesday, December 27th. Wishing everyone a happy and safe holiday weekend! - The Altman Team

Tips to Successful Business Succession Planning

Tips to Successful Business Succession Planning As many Baby Boomers approach retirement age, the consideration of what will happen to the businesses older individuals own becomes more important. Many business owners have invested their personal funds and spent their entire lifetimes building the business. Some ways that business owners can create a more effective plan […]

"Moving North: Consider Tax Consequences"

In a contribution to the Howard County publication, Biz Monthly, Christopher Martin, Esq. offers sage advice to Americans who may be thinking about leaving the country in response to the Presidential election results. He cautions, " before learning the words to O Canada, potential expatriates should consider some of the tax consequences. Read: "Moving North: Consider Tax Consequences"

Preventing Elder Financial Exploitation

Victims of elder financial abuse lose $2.6 billion every year, according to published reports. One out of every 20 elderly individuals have admitted to being victimized through financial exploitation. However, statisticians estimate that this number may be even higher since it is believed that only one out of every 44 cases actually reports the financial […]

Don’t Wait Too Long for Business Succession Planning

In August 2016, the United States Treasury Department proposed new regulations that would limit the use of valuation discounting. This is a common planning technique that has assisted individuals in executing wealth transfers for years. The premise is that a person can transfer an interest in a family-owned business at a discount so that the […]

The Third Richest Man in the World Believes in Regular Estate Planning

With a net worth of roughly $70 billion dollars, Warren Buffet has very strong opinions about what he wants to happen with his fortune after he's gone. It's widely known that he intends to bequeath the majority of his wealth to charity, namely the Bill & Melinda Gates Foundation. (In fact, he's already gifted billions of dollars worth of Berkshire Hathaway stock […]

What Is the Difference between Asset Protection and Estate Planning?

Virginia residents who would like to protect their property often use two different channels to accomplish this goal: asset protection and estate planning. Asset protection seeks to find ways to protect assets in a proactive manner while estate planning is more focused on how assets are treated after a person’s demise. Asset protection strategies seek […]

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Recent Posts

Succession Planning is Key in a Family-Owned Business

The Answers to These Questions Might Change the Way You Think About Estate Planning

D.C. Council Approves 2018 Budget, Estate Tax Exemption Will Increase As Planned

Holiday Hours

Tips to Successful Business Succession Planning

"Moving North: Consider Tax Consequences"

Preventing Elder Financial Exploitation

Don’t Wait Too Long for Business Succession Planning

The Third Richest Man in the World Believes in Regular Estate Planning

What Is the Difference between Asset Protection and Estate Planning?

« Previous 1 … 30 31 32 33 34 … 77 Next »