Author Archive | Mark S. Balian

Family Business Succession Planning: Why You Should Revisit Your Estate Plan Today

Now is the time you should revisit your current estate plan! In August of this year, the U.S. Department of Treasury released proposed regulation designed to eliminate valuation discounts for transfer of interest in family-controlled entities. These proposed regulations, if passed, would mean increased estate taxes on the death of owners of family businesses, possibly […]

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How to Fix a Broken Estate Plan

How do you know if your estate plan needs fixing? Perhaps changes have occurred in your family, personal wealth, or maybe you are recently married or divorced. Unintended consequences may exist in your planning documents that require a revisit. Tax laws change or you may discover that a change to your plan is necessary, but […]

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Protecting Assets While Qualifying for Medicaid: Which Trust is Right for You?

A Special Needs Trust (“SNT”) is a trust created for a disabled beneficiary with the specific purpose of supplementing government benefits such as Medicaid rather than supplanting those benefits. While Medicaid Planning involves more than preparing a trust, it is a core planning step. Developing the most effective plan often requires implementing the right trust […]

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