Aug 25, 2017 | Blog, Estate Tax Horror Stories, Family Businesses, Ohio
Mr. Goebel, the owner of the bus line and a hockey rink, currently has a “buy/sell” arrangement with his brothers regarding the business. They pay about $75,000 a year in insurance just to protect themselves should there be a death. Tom’s teenage...
Aug 24, 2017 | Blog, Estate Tax, Estate Tax Horror Stories, Family Businesses, Nebraska
My Mother in law recently passed away. She lived in Minden, Ne. all her life. She and her late husband worked their entire lives in Kearney County. They owned farms, feed lots, gas stations, implement dealerships, and rental properties. They have payed income taxes on...
Aug 22, 2017 | Blog, California, Estate Tax Horror Stories, Family Businesses
My family has almond land, rice land and cattle land in California. Our forefathers settled on the cattle land in the mid 1800’s. The problem I see is that land in California has increased in value so tremendously that he average land owner is going to be...
Aug 5, 2017 | Blog, Death Tax, Family Businesses
New Data On The Effects Of The Death Tax Almost twice as many family members sell their business or property early because of the death tax, and those who leave the business or property to their children to determine how to pay the 55% tax. This means that death taxes...
Jul 7, 2017 | Blog, Family Businesses, Family Enterprise USA
New Survey of Family Businesses Reveals Strengths and Challenges Ahead Family business are key drivers of economic development, but taxes and regulations hinder growth A new survey finds that family businesses across America, while optimistic about growth in 2017,...
Sep 10, 2010 | Blog, Death Tax, Family Businesses
By Douglas Holtz-Eakin and Cameron T. Smith September 2010 A Study by the American Family Business Foundation Executive Summary The United States economy has endured a severe recession and is currently growing too slowly. Accordingly, it is imperative that...
