BNY Mellon Wealth Management Tax and Estate Planning Strategist Jere Doyle joins Wealth! to break down how business owners can best navigate estate planning.
And here to weigh in on the stressors and tips for navigating state planning is Jerry Doyle, who is the BNY wealth tax and estate planning strategist, Jerry.
A lot of times the parent, the, uh, first generation has experience that grown the business, they know the business and the Children just think just because they're a relative that they have the competency to run that business. So, as a result, people are looking back at that now and they're saying, well, you know, I probably want to wait until, uh, next year, 2025 to see what's gonna happen before I pull the trigger and make it decision.Attorneys and appraisers may all be very busy and they may not have time to, um, do any work for you.A lot of closely held businesses are what we refer to as flow through entities.
So there's gonna be a big disparity between closely held businesses and how they're taxed and regular big C corporation businesses publicly traded stocks.George Conway Predicts Exactly When, Where And Why Support For Trump Will Start To Drop