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Situation: The rapid growth of the senior population, ever increasing life expectancy, and dismal retirement saving rate, along with the questionable stability of government programs like Medicaid, Medicare, and Social Security, put the United States on the verge of having more impoverished seniors than ever. Against this backdrop, states are exploring options to cover the […]
The Business Transition Process: Breaking it Down Into Easily Manageable Steps
Business transition planning for a closely held business is necessary because eventually, an owner will leave the business in one way or another. Regardless of the way in which an owner departs, a business faces the likelihood of liquidation without proper planning. Under such circumstances, the result is usually a forced sale at fire sale […]
Planning Opportunities to Explore with Introduction of DBS 2026 Projection Tax Guide
The “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4, 2025, combines permanent extension of many 2017 Tax Cut and Jobs Act (TCJA) provisions with new tax rules that will impact many taxpayers. Three groups of taxpayers poised to benefit the most from the tax law changes are age 65+ seniors, individuals […]
