Intra-Family Business Transfer

Small business owners face many challenges when determining how to best transfer assets to their children. In some cases selling the business might not make sense if the family wants to retain the asset.

Due to the illiquidity associated with a closely held business a thoughtful strategy must be developed to transfer all, or a portion of the asset, out of the owner’s name to minimize potential estate taxes.

When selecting the appropriate strategy there are many questions to be considered to determine which transfer technique is most suitable. Some of the most important ones are:

  • Does the owner still need income?
  • Does the owner want to gift the asset but retain control?
  • Does the owner want to minimize estate taxes?
  • What are the owner’s age and health?
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