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A Symbiotic RelationshipA Symbiotic Relationship

Much of the wealth being transferred in the United States today is in the form of highly appreciated illiquid assets: family businesses, closely held stock, real estate and interests in limited liability companies (LLCs) and limited partnerships (LPs). For many financial advisors, illiquid assets are likely to represent 80 percent or more of a typical client-family's net worth.

Philip T. Tobin

April 1, 2011

11 Min Read
Wealth Management logo in a gray background | Wealth Management

Philip T. Tobin

Much of the wealth being transferred in the United States today is in the form of highly appreciated illiquid assets: family businesses, closely held stock, real estate and interests in limited liability companies (LLCs) and limited partnerships (LPs). For many financial advisors, illiquid assets are likely to represent 80 percent or more of a typical client-family's net worth. The repositioning of these special assets creates potential challenges for (1) the clients who are transferring them, and (2) their heirs and favorite charities that stand to benefit from this movement.

The owner of a highly appreciated illiquid asset who's philanthropically inclined has many gifting alternatives from which to choose. The two primary...

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