Understanding Estate Tax: What It is and What Your Family Business Needs to Know

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. Following are some aspects of estate tax planning that you should know in order to protect your family business and your family’s interests before it is too late. READ MORE