Month: August 2016
On August 2, 2016 the Treasury issued long anticipated proposed regulations that, if adopted in their current form, are structured to eliminate almost all discounts for interests in closely held family entities (partnerships, corporations and LLCs). If valuation discounts are eliminated, gift tax and estate tax planning for families could be adversely impacted. A hearing…
Read MoreWe are saddened to announce the passing of our dear friend and colleague Patricia D. Elliott She passed away August 12, 2016 after a brief illness We remember Pat not only as an exceptional attorney but as a caring friend whose positivity and strength led those of us who worked with Pat to consider her…
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