Estate Taxes Impact on Family Businesses and Heirs

July 2, 2020 | Real Estate

For taxpayers concerned about how estate taxes will impact their family businesses and heirs it may be the perfect time to plan your estate.

The majority of popular business succession/wealth transfer strategies thrive in environments where asset values have been decreased, and interest rates are low.

Both of these elements are present right now at historical levels.

Estate planning at this moment in time can dramatically reduce the estate taxes that could be owed in connection with your estate.

Plus, you don’t necessarily have to surrender control while planning the succession of your family businesses.

Additionally, some experts predict that estate taxes may be on their way up in years to come.

Chaves Perlowitz Luftig LLP