Recent changes to the wealth transfer tax laws have enhanced the appeal of lifetime transfers to grandchildren. This newsletter discusses these new laws and the use of a family investment company as a vehicle for those transfers.
The recent national election results have created uncertainty, some may say new hope, regarding the repeal of the federal estate tax. Repeal has had political resonance for many years, even though very few taxpayers are affected. According to published government statistics, 11,917 estate tax returns were filed in year 2015 with only 4,918 of those showing a tax due.