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Employee stock ownership plans – Offering your staff the ultimate “buy in”
February / March 2016
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 1064
Abstract: With an employee stock ownership plan (ESOP), employee participants literally take part ownership of the business through a retirement savings arrangement. Meanwhile, employers aim to benefit from an extra-motivated workforce, some potential tax breaks and a relatively smooth path to succession planning. This article describes the practical benefits, implementation parameters, tax impact and considerable challenges of these plans. A sidebar serves up some interesting ESOP-related statistics.
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Decanting breathes new life into an old trust
August / September 2012
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 1064
Abstract: “Decanting” can breathe new life into an irrevocable trust. This process allows a trustee to use his or her distribution powers to “pour” funds from one trust into another trust with different terms, thereby providing the trustee with added flexibility to adapt a trust in light of changing tax laws or family circumstances. But decanting laws vary dramatically from state to state. This article describes some of these differences and their effect on estate planning goals. A sidebar mentions a few of the tax implications of decanting.