A trustee serves as manager of the assets in a trust. The grantor, the person who creates the trust, chooses the trustee. With a revocable living trust, the trustee is usually the same person as the grantor. With an irrevocable trust, the trustee is usually someone...
Month: February 2017
Estate Planning Cincinnati: What Is Net Unrealized Appreciation Of P&g Stock
An employee who has highly appreciated employer stock in their employer sponsored retirement plan and has either recently changed jobs, or otherwise separated from employment (i.e. retired), may be able to take advantage of the NUA strategy. Each share of employer...
BUSINESS PLANNING CINCINNATI: 7 Steps to Prepare Your Business for Sale
1. Get your books in order. A buyer evaluating your business will usually ask for at least three years’ worth of financial information. The more formal your statements, the better. In many situations, your income tax returns will be sufficient. 2. Understand your...