Practical Planning With Self-Canceling Installment Notes

Practical Planning With Self-Canceling Installment Notes

Self-canceling installment notes (SCINs) are often discussed, but rarely used by our clients, until now. A SCIN involves the sale of an asset (for example, a business interest or stock), typically to the seller's family members, in exchange for an installment note with a term shorter than the seller's life expectancy. It's structured so that all indebtedness is forgiven upon the death of the seller

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