Nov 25, 2022 | Blog, Estate Tax, Estate Tax Horror Stories, Family Businesses, Generationally Owned Business, In The News
Join us in asking Congress to stop taking a lifetime of savings from multi generational businesses. New Family Business Videos Reveal Difficulties, Successes in Transitioning to Next Generation, Giving Back to Community Family Enterprise USA’s President Pat Soldano...
May 21, 2022 | Blog, In The News, Texas
Summary:Rep. Roger William’s dad started a car dealership in 1939 and when he died, the ownership of the business was passed along to him, and so was the death tax liability, which equaled a significant value of the business’ worth. Williams nearly declared bankruptcy...
May 19, 2022 | Blog, California, In The News
Andy JohnstonHis grandfather’s property was handed down to his grandmother when my grandfather passed, and more recently to him and his sister when his mom passed. Each time a member of the family passed, they had to sell a portion of the ranch to pay the inheritance...
May 12, 2022 | Blog, California, In The News
Jeff PageHis family was hit twice by the estate tax. The first tax forced his grandmother to lease out her land for cash flow and sell all our pasturelands except the home ranch in preparation for her own passing. Location: Youtville, CABusiness: Truboy Ranch...
May 11, 2022 | Blog, California, In The News
Wayne VineyardIf a single partner in their rice and beef cattle operation were to perish, they would have to sell a significant part of their assets in order to stay in business. The 55% tax would basically halve the operation and the ability to continue to have a...
Apr 27, 2022 | Blog, California, In The News
Marjie BartelsWhen both her parents died, not only were she and her sister dealing with the sudden loss of our parents, they were now faced with a huge estate and income tax burden we weren’t sure we could pay. Eliminating or reducing the estate tax will help...
