If you are transferring a business worth USD2 million, an intentionally defective trust will save you and your kids more than USD1.6 million. to your kids in the business. And of course, like it or not, you wear a hat as a taxpayer. How many hats do you wear? We are going to play a hat game - a fun but money-saving, tax-saving and sometimes family-saving game. To play this hat game, you must own all or part of a family business and be a parent -the business/parent hat. Grandma and grandpa can play, too. More hats if you are also a wife (or husband) and a boss
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