If you have questions about your business and tax laws, call us at (949) 482-3992 to discuss your situation.

What are the Differences Between a GRAT and an IDGT?

This video describes the differences between a Grantor Retained Annuity Trust (GRAT) and an Intentionally Defective Grantor Trust (IDGT).

How to Use an Intentionally Defective Grantor Trust (IDGT) to Transfer a Family Business

This video describes how to use an Intentionally Defective Grantor Trust (IDGT) to transfer a family business. It also discusses the advantages and disadvantages of an IDGT and includes an illustration of the wealth transfer technique.

How to Use a Grantor Retained Annuity Trust (GRAT) to Transfer a Family Business

This video discusses how to use a Grantor retained Annuity Trust (GRAT) to transfer a family business. It discusses the common goals for a family business owner and the advantages and disadvantages of using a GRAT to solve for these goals. An illustration is also provided to help visualize the workings of the family business transfer concept.

Benefits of Implementing a Leveraged ESOP

Learn about the benefits of implementing a leveraged Employee Stock Ownership Plan (ESOP).
Selling to an ESOP and how a selling shareholder can obtain tax-deferral in an ESOP transaction is discussed and illustrated.

Leveraging IRC Secs. 1202 and 1045 to Minimize Taxes

Learn how leveraging IRC Secs. 1202 and 1045 can help to exclude (or rollover) part of the gain on the sale of C corporation stock.

Selling Personal Goodwill

Selling personal goodwill in a C corporation asset sale.

Making the IRC Sec. 338(h)(10) Election

Making the IRC Sec. 338(h)(10) election when selling a S corporation. Why make the election and the mechanics of how to make the election are discussed.

Estate and Business Succession Planning for the Family Business

Family businesses often present special business succession planning problems. In fact, according to various studies, 70% of family businesses historically fail to transition from one generation to the next.

WTLG’s Business Succession Planning Process

Learn how leveraging WTLG’s 5-step business succession planning process can help you to maximize the value of the business and attain your long-term business transition goals and objectives.