The power of “no” As December draws to a close, we know with certainty the Build Back Better (BBB) legislation will not be enacted in 2021. Senator Manchin’s recent “This is a no” comment suggests the likelihood of dramatic changes to the income and transfer tax for 2022 are also remote. While 2021 saw advisors …Read More
Some donors do not wish to burden their co-owners with the obligation of a purchase or the entity with a redemption. Other donors are concerned that a business interest could be sold or gifted into the unfriendly hands of a former spouse or a spendthrift beneficiary. Could a limited liability company (LLC) be structured to …Read More