Suspension of required minimum distributions for qualified retirement plan accounts
Valuations
In general: Many estate and business succession planning tools require a valuation of a business or real property or other assets. The best valuations are done by independent third parties, and these take time.
Please plan ahead: it might already be too late for 2020. There are many reasons for valuations: succession planning, estate planning, stock and option programs, partnership splits, refinancing, recapitalization, divorce, etc. There is inherent tension on the reasons for the valuation and the use of the valuation. For example, for estate and succession planning purposes, lower valuations are desired. However, for stock redemption and option programs, the valuations often need to be at fair market value. Please keep these items in mind when securing and using a valuation.