Black, White and Grae(gin): Borrowing to Pay Estate Taxes MP#

    By Charles E Hodges II, Janine A Racanelli, Paul S Lee and Stephanie Loomis-Price

    Black, White and Grae(gin): Borrowing to Pay Estate Taxes MP#

    Black, White and Grae(gin): Borrowing to Pay Estate Taxes MP#

    By Charles E Hodges II, Janine A Racanelli, Paul S Lee and Stephanie Loomis-Price

    LOOKING FOR OPTIONS FOR ILLIQUID ESTATES TO RAISE CASH? HAVE YOU CONSIDERED A GRAEGIN LOAN? A Graegin loan is a popular option for estates that lack enough liquid assets to pay estate taxes and other expenses incurred during the administration of an estate. A Graegin loan is often utilized in estates of decedents whose major ...
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    LOOKING FOR OPTIONS FOR ILLIQUID ESTATES TO RAISE CASH?HAVE YOU CONSIDERED A GRAEGIN LOAN?A " Graegin loan" is a popular option for estates that lack enough liquid assets to pay estate taxes and other expenses incurred during the administration of an estate. A Graegin loan is often utilized in estates of decedents whose major asset was an interest in a closely-held business. Instead of selling the business interests, the estate can borrow cash from the business in exchange for a promissory note. There are several potential advantages to borrowing money to pay estate taxes and other expenses of administration. This program will address the economics and mathematics of Graegin loans including:
    • Financing and funding
    • Liability and litigation
    • Death and deductions
    • Use and usury
    • Administration and audit
    • Regulations and re-financing

    Product Details

    Sponsors

    Section of Real Property, Trust and Estate Law

    Product Code

    5430513MP3

    Publication Date

    12/1/2009 12:00:00 AM

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