Uncovers the emotional issues, testamentary plan structure, titling considerations and lifetime gifting issues around tangible property—and the high-level challenges when trying to plan for it.
Steps planners through requirements for quid pro quo (QPQ) gifts—payment made partly as a contribution and partly in consideration for goods or services—and the special rules regarding tax deductions.
Considers the latest best practices—as well as the family dynamics issues and tax considerations—for dealing with families who are thinking about selling their businesses.