As with all estate plans, there are many factors that must be considered to determine the options that are most beneficial to you, your business and your family.
Topics covered in this whitepaper include:
- Tax Consequences for Sole-Proprietorships
- Tax Consequences for S-Corporations
- What Can Proper Estate Planning Do to Reduce These Tax Consequences?
- Family Limited Partnerships and Limited Liability Companies
- Irrevocable Life Insurance Trusts
- Personal Residence Trusts
- Joint Accounts and Joint Ownership
Click here to read the whole article or download the PDF.
A graduate of Boston University School of Law, Scott P. Schomer is a frequent lecturer on estate planning and elder law issues, having discussed these important issues on local and national television. A seasoned courtroom advocate, Scott has obtained combined judgments and verdicts in excess of twenty-five million dollars for his clients. Scott has served as a member of the Los Angeles Superior Court Probate Volunteer Panel (PVP Attorney), Probate Settlement Panel and a Judge Pro Tempore. Scott's expertise has been recognized by his peers with such accolades as a life-time membership in the Multi-Million Dollar Advocates Forum, the Five Star Wealth Manager designation, and repeated nominations as California Super Lawyer.
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