News & Library


Potential Changes to Family Entity Valuation Rules and Implications for Your Estate Planning

Background On August 2, 2016, the Internal Revenue Service proposed changes that will potentially substantially limit applicability of discounting rules for valuation of family-owned entities, reducing the transfer tax savings available from commonly used estate-planning techniques. If implemented, the rule changes could dramatically increase the value of assets remaining inside your estate and exposed to the 40% federal wealth transfer tax. The changes could be effective as soon as December 31, 2016, so prompt action may be necessary. If you and your family own a business, are in a family-limited partnership, or otherwise own assets through a family-controlled legal entity, you should act quickly to become familiar with the current rules, how they may apply to your estate planning, and the implications of the proposed changes. If you decide to…

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Perspecta Investor Letter – July 2016

In his Second Quarter Investor Letter, Anthony J. Annino, Perspecta Trust’s Vice President of Investments, discusses applying “mindfulness” to find opportunity in a world of declining expected real returns from financial assets. Please click here to view the full investor letter.

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