THE BEST WAY TO CELEBRATE MYSTERY MONTH Host a Murder Mystery Dinner!
friends takes on the persona of a character in the story, and when one of them is “murdered,” you compete to uncover who dunnit. Step 1: Pick your kit. Planning a murder mystery dinner from scratch would take the ingenuity of Sir Arthur Conan Doyle. Luckily, you have several ready-made mysteries to choose from! You can find boxes from Masters of Mystery and My Mystery Party at your local board game store, but you can find many options available online, too. Night of Mystery (NightOfMystery.com), for example, sells both in-person and virtual kits with themes ranging from ‘80s prom to Christmas homicide. If your friends and family don’t like the idea of acting and dressing up, that’s okay — you can still solve a mystery over dinner! Look into kits available through Unsolved Case Files
(UnsolvedCaseFiles.com) or Hunt A Killer (Shop. HuntAKiller.com), which involve collaborative mystery-solving without the character work. Step 2: Curate your guest list. Most murder mystery dinners require at least four people, while some include characters for six, eight, or more! Check the number of players on your kit and invite your most creative, analytical, theatrical, and mystery-loving friends. Step 3: Decorate and plan the menu. If you choose a themed murder mystery, level up your event with a matching menu and decor! For games taking place in England, whip up a shepherd’s pie and make a cardboard cutout of Big Ben. For Havana Nights, plan a build-your- own Cubano bar and throw on an Afro-Cuban playlist. You can be as over-the-top as you like. Remember, it’s Mystery Month!
Did you know
May is Mystery Month? There are dozens of ways to celebrate this enigmatic occasion,
from playing Clue to rewatching “Glass Onion” — but why not bring those experiences to life and host your own murder mystery dinner at home? Thanks to a plethora of kits on the market, doing so is easier than ever! What is a murder mystery dinner? A murder mystery dinner is essentially a real-life game of Clue. You invite friends over for dinner and turn your home into the set of “Knives Out” — without the blood, of course. Each of your
This Strategy Could Save Your Family Business!
THE SMART WAY TO USE AN ESOP
If you own a business and want to pass it on to your kids, grandkids, or other family members one day, you should consider implementing an employee stock ownership plan (ESOP) as soon as possible. Not only will this qualified employee benefit plan save your family thousands (or even millions!) of dollars in capital gains taxes, gift taxes, and estate taxes when you pass away, but it will also secure your legacy and potentially save your business from falling apart. Is an ESOP right for you? ESOPs work best for businesses with 20 or more employees and at least $1 million in earnings before interest, taxes, depreciation, and amortization. You should consider one if you want to transition your business to your family, purchase minority family-owned interests, and/or keep your business in your community long-term. ESOPs work well for entrepreneurs who want to reward their employees, diversify their portfolios, and reduce or eliminate estate taxes. An ESOP may also be a good fit if you have considered a Wealth Replacement Trust with a second-to-die life insurance policy. This ESOP was a smashing success. To understand how an ESOP works, it is best to see one in action. So, imagine an older couple named Bob and Mary. They own a business called
JKM Industries with 150 employees, and three of their five children are actively involved in running the company. Their estate is valued at $40 million, the company is valued at $25 million, and they plan to leave it to the three children who work there.
Suppose Bob and Mary pass away without an ESOP. In that case, their estate will owe more than $7 million in estate taxes and their business will be divided between all five of their children. However, with an ESOP, they will save $1.6 million in capital gains tax, save $3.48 million in gift and estate tax, and ensure the business passes to the right children. That is just the tip of the benefits iceberg! To learn more about how an ESOP would benefit your business, reach out to our firm. We will answer your questions and help you get started.
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