Where a private annuity is used as a business succession tool, the owner sells (transfers) his business to a family member in exchange for a lifetime income. |
Grantor retained annuity trusts (GRATS) are a complex method of transferring assets to the next generation with minimal gift or estate taxation. The are actually fixed annuities for a fixed number of ... |
Recapitalization, or the issuance of two classes of corporate stock, is another method used to transfer ownership at minimal tax cost. Stock is generally divided into voting and non-voting categories ... |
Many times where an operating business has been transferred down to the next generation, sold outright, or recapitalized, the family finds it useful to set up a family office for the administration ... |
