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Essential Estate Planning Strategies for High Net Worth Real Estate Investors

Estate planning for clients with large real estate holdings requires a comprehensive approach that considers both tax implications and property management intricacies. Key factors to consider include challenges related to retained interest and estate inclusion, valuation discounts, estate liquidity, basis and capital account planning, passive loss rules, multigenerational planning and generation-skipping transfer tax (GSTT), carried interest gifting valuation issues, and the necessity for periodic estate plan reviews. Each aspect requires careful strategizing to mitigate potential tax liabilities, ensure estate liquidity, manage the basis and capital account, maintain compliance with passive loss rules, effectively handle GSTT, correctly value carried interests, and keep estate plans updated to reflect current circumstances and tax laws. Collaborative efforts involving attorneys, accountants, and financial advisers are crucial to navigate the complexities of wealth transfer and craft effective estate plans.

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Estate planning insights from America’s wealthiest families

Discover how America’s elite manage their vast fortunes to ensure their wealth endures across generations. This article breaks down the successful strategies and common pitfalls in estate planning, using examples from storied dynasties like the Rockefellers and Hearsts. Gain insights into how you can protect your financial legacy and avoid common estate planning mistakes.

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A Guide to Bank Reconciliation

Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary purpose of a bank reconciliation is to confirm that the transactions recorded in your bank statement match those shown

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