Intra-Family and Other Business Transfer Techniques

Free CFP Exam lesson in Estate Planning. 19 min read, ~2,912 words.

FLP discounts apply multiplicatively: lack of control times lack of marketability, never added together. Section 2036 claws back FLP assets if the transferor retains disproportionate income, commingles funds, or lacks a legitimate business purpose. IDGT sale produces zero income tax because the grantor trust is invisible for income tax purposes...