In an effort to spur economic development a program called Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act. The goal is to attract long-term investments by giving tax incentives to those will re-invest their unrealized capital gains in a Qualified Opportunity Fund (QOF).
The Roman law of inheritance signifies important social changes. From their economic structures to their value systems, it echoed the society's progression. In this article, the law of succession revealed the tension between civil law and praetorian law.
Most business owners are so busy working that they don’t slow down and think about business succession and estate planning issues. That is one of the primary reasons that less than one-third of family businesses survive to the second generation; 65% of those fail to survive the second generation; and 90% of family businesses fail to survive the founder’s grandchildren.
For many pet owners, pets are members of the family. These individuals often say that if something happens to them, they are more concerned with what will happen to their pets than to their children or spouse.