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Irrevocable Life Insurance Trusts (ILITs)

For families with assets in excess of $4,000,000 in 2007 (assuming wills have been properly prepared), although a Federal Estate tax will have to be paid upon the death of the survivor of the husband and wife, the use of an irrevocable trust can provide the needed liquidity to pay any estate taxes which may be due while the principal of the trust can be beyond the reach of the estate tax provisions itself.

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Should You Take Your Company Public?

Many successful businessmen ask “what factors should I consider in taking my company public?” Some companies benefit greatly from being publicly traded while others, after the proceeds of a public offering are gratefully received, languish in obscurity never able to tap the markets again for needed capital and burdened by the disclosure and other requirements of being a public company.

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Tribune Buys Real Estate Site

Tribune Interactive, a subsidiary of Newsday’s parent Tribune Co., has purchased a real estate Web site that helps homeowners to sell their properties on their own, the company said yesterday.

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