Transferring Wealth to Children: A Primer for Business Owners

Successful business owners often wrestle with the issue of how to pass wealth to children in a way that legally minimizes their tax bills. This white paper explains how such a transfer can be designed, why fixing their own financial objective precedes any transfer, and how to determine the amount to be transferred. This white paper also uses a case study to illustrate the plan design and includes an explanation of GRATs.