|
Nina Stillman: Posted on Wednesday, February 29, 2012 6:09 PM
 Whether you own a business or any other valuable
asset, it is important to have a succession plan to make sure that your assets
live on in safe hands. A Self Cancelling Installment Note (SCIN) can be a very
beneficial and creative way of setting up a succession plan. A SCIN works in a
similar fashion to an installment sale with some key differences. Under such a
succession framework, the party setting up the plan sells an asset to one or
more family members or buyers. The buyers pay for the asset in installments in
the same way that they would under an installment sale, but upon the death of
the seller, the remaining balance is canceled. |
|
|
Nina Stillman: Posted on Thursday, February 09, 2012 10:19 PM
 If you are like most people, you get into the
spirit of giving during the holiday season. Coupled with tax incentives, the
spirit of the holidays causes a much expected disproportion of charitable
donations during the end of every year. Since 2012 has just started, it’s a
good time to consider being generous now instead of next December.
There are a number of frequently forgotten
advantages to giving early in the year. Above all, if you start to plan your
donations now, you will get to spread the sum of the donation over several
months instead of having a large sum withdrawn from your account all at once. |
|
