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 (the note holder). While the SCIN is a great estate-planning vehicle, clients of
All access premium subscription
Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.