On August 2, 2016, the Treasury Department issued Proposed Regulations under Section 2704 of the Internal Revenue Code. This development has been reported as one of the most significant developments in the federal estate and gift tax law in the last 25 years. If you own stock in a family Subchapter S or Subchapter C corporation, a partnership interest in a family general or limited partnership, or a membership interest in a limited liability company, these regulations may affect you. Please join Doug Long, Shareholder at Hall, Render, Killian, Heath & Lyman, for this brief discussion by clicking the link below.
Be sure to watch for future issues of Hall Render’s Estate Planning Insights bringing you important developments that directly impact your personal and business planning goals.