Jennie Clark Stewart, a partner in Kutak Rock's Little Rock office, provides extensive commentary for an article titled "Planning Key For Passing On Illiquid Assets" which appeared in the September 7 edition of Arkansas Business.
The article disusses illiquid assets—such as real estate or ownership of companies—that often are more difficult to turn into cash and require extensive planning. Stewart warns that planning is needed in order for the property to be distributed according to parties' wishes. She explains how prior preparation can help avoid problems with probate, taxes, and irrational disposition of an inheritance.
To read the article, please click here.
Stewart focuses her practice on corporate and partnership taxation, estate planning, and tax issues for nonprofit organizations. She regularly provides tax-related advice to publicly traded, privately held, and various other types of REITs, real estate funds and publicly traded partnerships. Ms. Stewart also provides tax support to Kutak Rock’s corporate and mergers and acquisitions group.