Warning: file_put_contents() [function.file-put-contents]: Only 0 of 307 bytes written, possibly out of free disk space in /home/afhe/public_html/libraries/joomla/filesystem/file.php on line 421
Featured Articles

afhe’s mission is to be the leading resource for the on-going advancement, collaboration and education of practicing attorneys and other professionals who provide intra-disciplinary counsel to family-held enterprises.

The Leading Source of Intra-Disciplinary Counsel

Inside-Out Succession:

Rethinking Estate Planning for Family Businesses

By: Amelia Renkert-Thomas & Roy Kozupsky

Estate planning for family business owners is big business for many wealth advisors. Fueling this area of work is a combination of factors, including the historically large (and at least for now increasing) federal estate tax exemptions. Congressional leaders perennially raise the possibility of changing the estate tax regime. This tumultuous political debate about rates and exemptions is wonderful fuel for those ever-present emotions of opportunity and fear, which seem to be the active ingredients in motivating families to consider transferring their wealth, including the family business, to their descendants.

Click here to view the Article - (PDF 0.68M)

 

 

Family Business & Philanthropic Planning:


Passing the family business with a Charitable Remainder Trust

By: Dana L. Mark

A question for our readers: A charitable remainder trust can (a) benefit family members, (b) benefit charity, (c) help di- versify assets in a tax efficient manner, or (d) all of the above? The answer is (d).
A charitable remainder trust (“CRT”) can provide you, your spouse, or other beneficiaries with lifetime income (annually either a fixed amount or a percentage of the trust’s value (which will increase or decrease as the value of the trust changes)). When your interest in the trust ends, the balance remaining passes to charity. At the time you set up the CRT, you receive a charitable income tax deduction for the value of the charity’s interest.
Significantly, a CRT is a tax exempt entity.

INSIDE OUT: RETHINKING ESTATE PLANNING FOR FAMILY BUSINESSES

By: Roy P. Kozupsky, Esq. & Amelia (“Amy”) Renkert-Thomas

Estate planning for family business owners is big business for many wealth advisors. Fueling this area of work is a combination of factors including the historically large (and at least for now increasing) federal estate tax exemptions. Congressional leaders, in their redundant debate, perennially raise the possibility of changing the estate tax regime. Both sides seem politically persuasive. The left argues that tax revenues are needed and warns that large amounts of wealth being transferred to future generations will create a dynastic social atmosphere that will weaken the entrepreneurial fabric of America’s culture. The right is less strident, but the Red States’ populist electorate and the ongoing need for tax revenues suggest that the estate tax will not be repealed any day soon. This tumultuous political debate about rates and exemptions is wonderful fuel for those ever-present human emotions of opportunity and fear, which seem to be the active ingredients in motivating families to consider trans- ferring their wealth, including the family business, to their descendants.

Click here to view these Articles - (PDF 0.88M)

 

 

The Real Work of Collaboration:
ARE WE KIDDING OURSELVES?

In any complex system, effective collaboration is essential toward achieving desired outcomes. It follows that if group dynamics are drivers of collaborative success or dysfunction, there is significant industry-wide work to be done toward enhancing wealth advisory collaboration on behalf of families.

Click here to view this Article - (PDF 0.3M)

A collaboration of G. Scott Budge PhD and Gregory T. Rogers with Brian Douglass

 

Unintended Consequences

Estate planning for family business owners is big business for many wealth advisors, not only because of the large (and increas- ing) federal estate tax exemption but also because Congressional leaders perennially raise the possibility of raising estate and gift tax rates or cutting exemptions. Those ever-present human emotions of opportu- nity and fear seem to be the active ingre- dients in motivating families to consider transferring their wealth, including the family business, to their descendants.

Click here to view this Article - (PDF 0.6M)

Submitted by By Roy  P.  Kozupsky,  Esq.  &  Amelia  (“Amy”)  Renkert-­Thomas

 

Pitfalls of the Family Business

The family business is as old as commerce itself. The first businesses were family businesses, and the great majority of businesses throughout history have been family businesses. Today, 92% of businesses are family-owned and 60% of the U.S. workforce is employed in a family-owned business.

Click here to view this Article - (PDF 1.6M)

Submitted by By Greg Cox

 

Page 1 of 6

Digital Media

afhe Headquarters

2800 W. Higgins Rd. Suite 440
Hoffman Estates, IL 60169

877.408.5357  Toll Free
847.885. 8393  Fax