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  • Posts by Steven Wilson
    Partner

    Steve concentrates his practice in the area of trusts and estates, including planning, administration and dispute resolution.  He also has experience in business succession planning, commercial real estate transactions and ...

Posted in Estate Planning

With the incoming Trump administration having a Republican majority in Congress, one can expect attempts at significant tax reform. Among these reform efforts is a push to repeal the federal estate tax. While unexpected, the effort appears to have momentum.

In late January 2017, Senator John Thune and Representative Kristi Noem, both from South Dakota, introduced substantially ...

Posted in Estate Planning

In the new Legal Forum Column, Steven R. Wilson discussed new proposed IRS regulations. Read his advice below and don’t miss our monthly Legal Forum Column in Louisville Business First.

Question
How will the new proposed IRS regulations related to valuation discounts impact my business planning?

Answer
For decades, small business owners have utilized valuation discounts to ...

Posted in Estate Planning

For decades, small business owners have utilized valuation discounts in order to minimize estate and gift taxes while at the same time providing for an orderly transition of ownership and management to the next generation. The way it worked was simple; the business was placed into a family limited partnership or recapitalized with controlling and non-controlling interests. The ...

Posted in Estate Planning

If you are in the honeymoon phase of business ownership, you don’t want to think about the possibility of your perfect partnership fizzling in the future for reasons unknown. But protecting yourself and your family’s business interests through a buy-sell agreement is simply the smart thing to do.

Likewise, if you are eyeing retirement, you need to plan so that your business not only ...

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