Use of Gift-Sale Transactions in Estate Planning
By: Joshua B. Glaser, Esq., LL.M. - October 23, 2017
Effective estate planning requires taxpayers (especially those subject to estate tax), to have a proper plan in place for all assets. Oftentimes, individuals fail to properly plan for the estate tax as it relates to business entities (corporations, LLC’s, etc.), thus missing out on substantial estate tax savings. A complex estate planning technique available to individuals who own entities with significant value is the gift-sale transaction.
If you are an individual that is worried about the inevitable estate tax so to the size and value of your business entities, please do not hesitate to contact Morris Law Group to discuss if a gift-sale transaction may be an appropriate course of action.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.