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Thumb of Michigan | One strategy that you can look at is a Family Limited Partnership. (FLP). Basically, a minority owner can retain management/profits, while valuation is discounted on the majority interests. C or S-corp is another option, where share value is discounted for lack of marketability.
I stressed that my client's need to look at what is most important to THEM. And then create/use strategies that fit THEIR desires/needs. Similar to a chess game, where sometimes you give up somethings to gain somethings that you determine are more important.
As my late dad would say "there's more than one way to skin a cat". | |
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Illinois estate tax
