The fiscal cliff. The fiscal cliff. Once more: the fiscal cliff. It's on everyone's lips lately, and political leaders in the U.S. are working to avoid it. As for a comprehensive solution, predictably Republicans and Democrats disagree. But there is one major aspect of President Obama's proposal that has some members of his own party bristling: the idea of raising the estate tax.
Estate planning is about more than leaving your belongings to loved ones; it is also about protecting the things you own for future generations. Nowhere is this more evident than in the case of small business owners seeking to keep the business in the family or ensure its survival.