No More Discounts

No More Discounts | Michael Fliegelman

{2:00 minutes to read} For years, estate planners have been using a strategy to avoid estate taxes wherein gifts to children or others are entitled to be discounted. The interest in the business or real estate entity is a minority interest and/or has a lack of marketability, therefore a reduction in the gift’s value is appropriate. The government has been promising to clamp down on these discounting strategies for some time, and according to the Wall Street Journal, push has finally come to shove. You can read the article using this link: U.S. Aims to Clamp Down on Tactic to Avoid Estate Tax .

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