Transferring assets when values are low relative to other times and circumstances can save substantial gift and estate tax dollars for families. This is especially true as values rebound or increase significantly following the transfer. Seems pretty simple, right? Unfortunately, not so much so when it comes to convincing leery clients of that, especially in volatile market times like we’ve been experiencing.
Economic turmoil has created tremendous financial volatility and lots of fiscal challenges for business owners. But the downturn has an upside. A “perfect storm” consisting of a floundering economy, market volatility, and reduced values makes now the ideal time for many privately held companies, in particular, to transfer assets. Gifting when values are low can be the silver lining in this perfect storm’s cloud.
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