Leveraged Transfers of Business Assets
Probate and Property, November/December 2002, Volume 16, Number 6
By Richard B. Gregory and William S. Forsberg
A business owner who is considering transferring a business to younger-generation family members faces a series of daunting obstacles. One obstacle is control. As entrepreneurs, business owners generally want to be in control of their business. Another obstacle is sibling rivalry. Old grudges die hard. A third obstacle is transfer tax. This article highlights the two primary methods of overcoming transfer tax problems and discusses the advantages and disadvantages of each method.