Transferring Wealth To Children
In their desire to pass wealth to children, business owners are no different than non-business-owning parents. Business owners are different, however, in the tools they can use to transfer wealth.
Whether you own a business or not, the fundamental questions are the same:
- How much wealth do you want to keep?
- How much wealth do you want the kids to have? How much is too much?
- What tools minimize the Estate and Gift Tax consequences of transferring wealth?
Business owners have to put those questions in the context of their exit objective: ‘How much money do you wish to have after you exit your business?’
Once owners establish their financial exit objective, they can answer the universal questions above and design a transfer mechanism that will pass the wealth to the children with minimal tax impact.
This three-part process is the subject of this White Paper.
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