The 2012 Gifting Opportunity
Don't Let the Coming Logjam Affect Your Clients
by Z. Christopher Mercer, ASA, CFA, ABAR
"We anticipate being inundated by last minute planning, and it could become a real problem. When everyone's getting it done at once, it'll be one big logjam."
- Scott Farber, wealth strategist with U.S. Trust
During the 2012 calendar year, individuals can gift, or give away, as much as $5.12 million and pay no federal gift taxes on the gifts.
Many estate planners have already begun planning with clients and currently there is an expected crush of planning that will take place at year-end.
This article provides additional background and perspective about the 2012 gifting opportunity for individuals, couples, and smaller estates, as well as advice on what you should look for in a business valuation firm.
Wandry v. Commissioner
by James E. Graves, ASA, CFA
"The Wandry case is a boon not only for business owners but also wealthy families with 'family limited partnerships' or entities holding publicly traded stocks."
- The Wall Street Journal
Jim Graves reviews this important Tax Court decision.
Recap of 2012 NCEO Conference
by Wendy S. Ingalls, CPA/ABV, CBA, ASA
The 2012 Annual Conference of the National Center for Employee Ownership was held in Minneapolis, MN. Mercer Capital was there. Wendy Ingalls provides a short recap.
Other Resources of Note
| Chris Mercer's blog
Statutory Fair Value in New York
| Chris Mercer
Business Valuation Profession by the Numbers & Outlook
| Tim Lee
Non-Traditional Transaction Structures for Banks
Mercer Capital on the Road
July 20, 2012
"Buy-Sell Agreements In-Depth"
Wealth Counsel Annual Symposium
Z. Christopher Mercer, ASA, CFA, ABAR
August 9, 2012
"Errors, Challenges, & Solutions in Business Appraisal Reports "
BV Resources Webcast
Timothy R. Lee, ASA