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In theory, a limited liability company (LLC) can last in perpetuity. However, the owners of an LLC should plan for the day when they are no longer there to run their business. This includes not only situations like retirement or career change, but also a decidedly grimmer scenario: death. While death and taxes may be […]

January 20, 2023

What Happens When an LLC Member Dies?

What happens when an LLC member dies
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Before gifting a holiday property, an individual or couple (who can gift up to $22.8 million against their lifetime estate-tax exclusion through 2025), should find out whether their children want it.

April 26, 2019

Vacation Home: What’s the Best Way to Pass to the Next Generation?

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