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Gift values during a pandemic
February 16, 2021 / The Merrill Anderson Company
The value for federal gift tax purposes of a gift of $100,000 in cash is $100,000, and the same is true for the value of $100,000 worth of publicly traded stock. Those are the easy cases. The hard cases concern assets that are harder to value, such as real estate or interests in a closely held business.…
How to avoid the car wrap scam
February 10, 2021 / Ray Wills
With many people facing financial hardships during the coronavirus crisis, receiving a package in the mail with a check would probably make most folks happier than a kid at Disney World. Seemingly, all you have to do is put a decal on your car and that money is yours. Well, we hate to break it to you, but no, you’re not actually getting paid to put decals on your vehicle. Yep, it’s a scam.…
Read this before investing in an IPO
January 26, 2021 / Warren Hurt
With big-name private companies like Airbnb Inc. and DoorDash Inc. recently announcing plans to go public, many investors may be chomping at the bit to purchase the new stock. While such investments have the potential to deliver excellent returns, it’s important to understand how the IPO process works…
The perfect storm for estate planning
January 21, 2021 / The Merrill Anderson Company
According to estate planner Maurice R. Kassimir, Esq., the present moment has provided a “perfect storm” for wealthy families to meet with their estate planners and implement some wealth transfer strategies. In a November webinar, Mr. Kassimir pointed to three factors that make these times unique…
Planned giving in 2020
December 07, 2020 / The Merrill Anderson Company
The idea of “planning” a gift to charity may not spring as readily to mind as investment or retirement planning. Yet there are many ways to give, and many kinds of gifts to consider, especially when philanthropy is one of your core values…