An Estate Plan Case Study: Making adjustments like these to your plan can help eliminate the potential estate tax liability

摘要

This tax victory story is about Joe. Our old friend is an interesting guy. He's 61 and married to Mary, age 60. He owns Success Co., a family business professionally valued at $5.6 million. He and Mary have three children and seven grandchildren. One son, Sam, manages Success Co. and will someday own it. But I believe the most interesting fact about Joe is that he is a member of a study group made up of 20 owners of closely held businesses. The group meets monthly and once a year invites an estate planning professional to talk about how to create the best estate plan.