Frequently you may see comments attacking the estate tax, and particularly the Washington estate tax, as applied to estates with family businesses. As pointed out by Steve Parrish in his recent article in Forbes, the preservation of your family business, and transfer of it to your beneficiaries, has more to do with your ESTATE PLANNING, and a lot less to do with the estate tax structure.
With a little planning and foresight, the estate tax system can be managed, and there are favorable provisions available, such as the specific exemption for family businesses in the Washington estate tax.
Read Steve Parrish's full article here.
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