While for some children it is their fervent drive to outdo their parents that hinders their success, others face the opposite problem of diminished self-confidence. Outsiders often dismiss the rank…
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“It is like a magic sword: it gives the holder rare powers, but only the mightiest of warriors can keep from being nicked themselves by the blade.” – John Sedgwick,…
Given the fascination – and headlines – devoted to family shenanigans at companies like Adelphia, Imclone, and Martha Stewart Inc., it is no wonder that myths of family business continue…
Over the next 20 years, nearly $4.8 trillion of wealth is set to be transferred to the next generation of heirs. Much of that wealth will consist of the assets…
A popular national business magazine recently reported that “the late Richard Simplot’s 24% voting stake in Boise’s J.R. Simplot Co., started by billionaire dad J.R. Simplot, is worth only $54,450…
When selling a family business, one of the single greatest expenses will be taxes. That’s why careful planning is so important. Now, because of a new law that quietly took…
When pop musician David Bowie issued $55 million of ten-year bonds secured by royalties from his first 25 albums, institutional investors snapped them up immediately. Moody’s Investor Services gave the…
In addition, private closely-held companies have enjoyed a period of sustained prosperity since the 1980s. A generally favorable economy, combined with declining interest rates, has enabled hundreds of thousands of…
It’s derisively called the death tax, the vulture tax, the survivor’s tax, the exit tax, or the departure tax. But the federal estate tax is no laughing matter. For many…