When’s the Right Time to Sell a Family Business?

WealthManagement.com
Nov 14, 2019

Martin M. Shenkman, Michael Richmond 

Estate planning too often focuses on minimizing the transfer taxes that might be
incurred on a family business when a founder passes, endeavoring to use powers of
appointment to increase basis or other strategies to reduce income taxes. But the
critical step to enhance overall family wealth may be properly timing the sale of that
business, if that’s ultimately the client’s succession plan.

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