FamBizEx_Calculator

Use this family business interest percentage calculator to check out the 14 or so variables bearing on the FamBizEx_50PercentLiquidity test. Enter amounts in thousands (with 000 omitted) and without $ or commas. For example $1,000,000 would be entered as 1000

  Variable to be taken into account Numerator Denominator
1. Family business interests in estate + K  
2. Family business interests by gift + K  
3. Excess cash & marketable securities - K  
4. Passive assets in business - K  
5. Family business interests adjusted = K  
6. Other assets + K
7. Gross estate under other provisions = K
8. Gifts to spouse within 10 years + K
9. Other gifts within 3 yrs  excl annual excl gifts to family + K
10. Super gross estate = K
11. Debts deductible from gross estate   K
12. Qualified residence mortgage debt - K  
13. Educational and medical debts - K  
14. 10 K other debt adjustment - K  
15. Debts as adjusted = K  
16.      K      K
  Must exceed 50 percent to qualify   %  

Copyright 1997 by John DeBruyn, Denver, Colorado. The Java Script for the calculator form and program was written by John DeBruyn.

The calculator is available for use in conjunction with the http://www.c2.com:8000/FamilyBusinessExclusion continuing education and discussion forum at the BRIDGES Web site. The limitations and conditions of this use is posted at http://www.debruyn.com/FamilyBusinessExclusion/notice.html.

You are invited to join the on-line experiment in interactive, hyperlinked (three dimensional) publishing using read and write Web pages at the BRIDGES site. The site is a joint venture between Internet activists and technology buffs in the American Bar Association and the American Institute of CPAs. Check out the following additional pages at the site: