Carl and Mary have worked a lifetime and built a substantial estate. They are wealthy people who have substantial assets and these assets are expected to appreciate greatly during their lives. They would like to transfer some of these assets to their children and possibly their grandchild. They understand that they can be transferred in many ways. They’re confused as to the most advantageous way to do that and what the implications would be to them.
A Concentrix Wealth Advisor can help them decide whether to transfer the assets through a pass-through entity such as a family limited partnership or a limited liability company, or to make direct gifts implementing the annual exclusions and lifetime exclusions available to them under Internal Revenue codes. In doing so, they will avoid gift tax payments, reduce the size of their estates as well as the ultimate estate tax, and remove the appreciation of those assets from their estates. A Concentrix Wealth Advisor can help them to establish an annual gifting program.
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