All too often business owners fail to consider the potential for selling their business or the financial implications of their retirement. We can clarify the tax implications of your retirement and identify circumstances where a deemed disposition of holdings may occur that would have otherwise occurred unexpectedly. In certain circumstances it is important to address these issues in advance; consider the widow who lost the use of her late husband’s capital gains exemption on qualified farm property because the proper election was not filed on time. Estate planning is an effective way to reduce a taxpayer’s burden and take the surprise out of your exit strategy.