Now’s the time to review your estate and succession plans
Abstract: Every business owner needs an exit plan. In light of potential tax changes on the horizon, this fall is a good time to review exit plans. Perhaps most significant, the federal gift and estate tax exemption will be cut drastically at the end of 2025 — or much sooner if recent proposals become law. This article highlights proactive measures manufacturing owners can take today to help achieve their long-term estate and succession planning goals.