It is not often that we have the ability to eliminate capital gains tax on the transfer of an appreciated asset, obtain income for life and the life of our spouse, and receive a charitable deduction against current income tax. A Charitable Remainder Trust (CRT) is one of those solutions that accomplishes all of those objectives.
Presented by: Doug W. Davis, Davis Law Group, and Robin W. Tull Jr., CFP, Tull Financial Group. The Chesapeake Regional Health Foundation will be hosting an educational seminar on Estate Planning. We invite you to join representatives from Davis Law Group and Tull Financial Group on Thursday, Apr. 25 from 6:00 – 7:30 p.m. at the Lifestyle Center.
Do you own a small business or plan to start a new business with a partner/co-owner? Have you considered what will happen in the event of your death or your business partner’s death? What if your business partner is sued for divorce or declares bankruptcy? All of these events (and more) may negatively impact the operation of your small business. It is important to plan ahead.