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Should I Create a Life Estate? | Lippes Mathias LLP - Vimarsana News

Should I Create a Life Estate? | Lippes Mathias LLP

What Is a Life Estate? Life estates are most commonly used with real estate and are created by the owner of the property. If you own your home, you are considered the lif...

Charitable Planning In the Year of a Business Sale – Part 2 of 2 | Foley & Lardner LLP - Vimarsana News

Charitable Planning In the Year of a Business Sale – Part 2 of 2 | Foley & Lardner LLP

To embed, copy and paste the code into your website or blog: Part 1 of our Article addressed why a charitably-inclined client should make a gift to charity in the year of business sale.  Having completed the analysis of when it is best to make a gift, some clients may hesitate to make a large charitable gift in the year of the liquidity event because it may not allow them to meet other objectives, such as providing for children or retaining funds for themselves.  These clients can meet these “split” objectives of providing benefits for themselves or family members with a “split-intere...