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Oklahoma City-based Acorn Growth has announced the merger of one of its portfolio companies, Aerospares 2000 Ltd., with Sentry Aerospace Corp.

/PRNewswire/ -- Aerospares 2000 Limited (Aerospares), an Acorn Growth Company, today announced the recent completion of its merger with Sentry Aerospace...

Who inherits this IRA after the beneficiary dies? Today 5:30 AM Q. My mother, 93, died on Sept. 1, 2020. She left in her will an IRA account with her three grandsons as beneficiaries. One grandson did not turn 18 until late December and we were advised by the financial institution that it would be better for the other two grandsons to wait until then to withdraw. My son, 47, was one of the beneficiaries and he died on Jan. 12, 2021 and he had not yet done anything with the IRA. A clause in mom’s will stating “the net proceeds of sale of house and other possessions to be divided among 5 c...

Will there be a step-up in basis for this inheritance? Posted May 10, 2021 Q. My sister, her husband, and I own an S Corporation with 25%, 25% and 50% ownership, respectively. The S Corporation invests in rental properties. My brother-in-law passed away earlier this year, so does my sister get a step-up in basis for her husband’s portion? — Family business A. We’re sorry to hear about your brother-in-law, and it’s kind of you to try to help your sister. This is also referred to as a step-up in basis, said Catherine Romania, an estate planning attorney with Witman Stadtmauer in Florha...

I’m buying a house for my daughter. How should I do it? Updated 5:30 AM; Q. I am buying a property that my daughter is going to reside with my two grandchildren. I am paying cash for the house. The house will be in my name, my wife’s name and my daughter’s name. Does this plan make sense? I am purchasing the house with a contract made for me and my wife. We are adding our daughter to the deed. We would gift her half of the house, then gift her cash that she will use to buy the other half of the house.