How the Tax Cuts and Jobs Act of 2017 Impacts Estate PlanningJune 7, 2018
2018 brings several changes – and a few constants – to estate and gift tax law. At Curchin’s recent seminar on the key areas of change in the Tax Cuts and Jobs Act of 2017 (TCJA), I discussed the most noteworthy items relating to estate and gift tax, including: Basic Exclusion Increase Under the …
The Curchin Group Attends Heckerling Institute on Estate PlanningFebruary 12, 2016
Curchin partner Lynn Conover recently participated in the 50th Annual Heckerling Institute on Estate Planning, a premier continuing education program and networking platform hosted by the University of Miami School of Law in Coral Gables, Fl. 2016 marked Lynn’s 4th consecutive year attending the conference, which connects the full spectrum of estate planning professionals, including: Attorneys …
The Curchin Group’s Roy Kvalo Appointed President of the Estate and Financial Planning Council of Central New JerseySeptember 3, 2014
RED BANK, N.J. – (July 22, 2014) – The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J. announced that Roy H. Kvalo, CPA/ABV/CFF, CGMA, CVA, Director of Litigation & Valuation Services, has been installed as president of the Estate and Financial Planning Council of Central New Jersey. Kvalo, a member …
Financial Considerations for Family Businesses with Aging OwnershipJune 6, 2013
An issue that family businesses inevitably face is having an owner who is heading to retirement (or planning on working until “the end.”) At this time, the “what ifs” begin to surface. What if the owner passes unexpectedly? What if there is no successor already chosen? What if no one else in the family knows …
Understanding Estate Tax: What It is and What Your Family Business Needs to KnowMay 22, 2013
Estate taxes are levied on the fair market value of an estate passed to heirs upon the death of its owner. As they pertain to a business, ownership (title) of a family business is an asset of the estate and is included in the overall estate on which tax may be due. If there is …
Three Common Estate Planning Mistakes You Don’t Want to MakeMarch 28, 2013
No matter what your net worth, it’s wise to have a comprehensive estate plan in place, and the earlier you do this, the better. Although contemplating and discussing your death with family members and financial advisors can be difficult, it’s important to have these conversations to ensure that your family and financial goals are taken …
10 Ways to Ensure a Smooth Leadership TransitionMarch 20, 2013
The following is a guest post by Geoff Brown, CPA at Bond Beebe Accountants & Advisors in Bethesda, MD. There are a number of books written on succession planning and transitions in family businesses, and it is impossible to synthesize all of that information into a short blog. So, keep in mind …
Key Issues from the 47th Annual Heckerling Institute Conference on Estate PlanningMarch 6, 2013
During the week of January 14, 2013, I was fortunate to attend the Annual Heckerling Institute Conference on Estate Planning in Orlando, Florida. It is the nation’s leading conference for estate planners, including accountants, attorneys, trust officers, insurance advisors and wealth management professionals. The sessions offered a comprehensive coverage of the latest estate planning techniques …
Building the Future: Tips for Preparing the Next Generation of LeadershipFebruary 11, 2013
Transitioning your family business to the next generation can be a daunting process if you are unprepared. To ensure that your business survives and prospers over the long-run, there are several critical factors and key preparations you must consider. Before you even begin the business transition process, it is important to design an exit strategy …