Transferring Wealth To Children

In their desire to pass wealth to children, business owners are no different than non-business-owning parents. Business owners are different, however, in the tools they can use to transfer wealth.

Whether you own a business or not, the fundamental questions are the same:

1. How much wealth do you want to keep?
2. How much wealth do you want the kids to have? How much is too much?
3. What tools minimize the Estate and Gift Tax consequences of transferring wealth?

Business owners have to put those questions in the context of their exit objective: “How much money do you wish to have after you exit your business?”

Once owners establish their financial exit objective, they can answer the universal questions above and design a transfer mechanism that will pass the wealth to the children with minimal tax impact.

This three-part process is the subject of this White Paper.