A way to get around this is to split the overall estate balance equally instead of divvying up individual assets, Snow recommended.
You can also liquidate the business, which will convert business assets into cash quickly.
AdvertisementSimilar to a family business, these assets might hold a lot of sentimental value but might not be easily passed down.
Donating collections can be an effective way to circumvent capital gains and estate taxes.
Confront potential disagreements over assets like a house early on, and make sure to provide details on complex assets like a family business.
Persons:
—, Snow, who's, They'll, Roth, We've
Organizations:
Service, Business, Cresset