Estate Matters

Re:       Closed Co., Ltd.; Shareholder Agreement; Sale of Shares Summary of Facts This matter arises from a dispute between two brothers concerning enforcement of a shareholder agreement for a closed, family-owned corporation, Closed Co., Ltd, (“the Company”). The two brothers, Tim and Tom, are the last remaining family owners of…

  DRAFT The proposal to lower the exclusion amount subject to estate tax is misguided. Passing on wealth in amounts that are significant but not extreme (cf. 1% wealthy persons) is a good idea. The estate tax imposed on estates valued at several million dollars or more does not encourage parents to…