- On August 4, 2016
Avoid Missing a 20-49% Estate Tax Savings Opportunity
The IRS is Acting; Are You?
Now is definitely the time for many business owners and high-net-worth families to take immediate action to potentially achieve 20-49% estate tax savings provided by valuation discount planning. Historically, valuation discounts have been allowed for non-controlling or minority interests in closely held businesses and real estate because such interests are harder to sell and worth less than more desirable controlling interests. The bad news is that earlier this week the IRS introduced new proposed anti-valuation discount regulations designed to make it more difficult for taxpayers to attain the 20-49% estate tax savings. The good news is that, if planning action is taken immediately, there is still a window of time to plan and take advantage of this potentially tremendous opportunity before the new anti-valuation discount regulations become effective.
The Estate Planning Group at Kelleher & Buckley, LLC is prepared and ready to assist. For more information, please immediately contact Andrew Kelleher, David Buckley, Linda Fine, Robert Holland or another one of Kelleher & Buckley, LLC’s 23 attorneys at (847) 382-9130