November 01, 2002

Leveraged Transfers of Business Assets (2002, 16:06)

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.  

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