The IRS shouldn’t be your business’s biggest beneficiary
How to transfer wealth to your children with less tax burden
Business owners face the same fundamental questions as any parent when deciding how to transfer their wealth to their children. However, you have tools available to you as a business owner to minimize the amount your legacy will be taxed.
In this white paper, we’ll outline the questions to consider and how to put them in the context of your Exit Objective, as well as a three-step process to help you achieve the best outcome for you and your beneficiaries.
“Most parents would prefer to simply give the business to their children; however, the reality is oftentimes they can't afford to do that because the parents need to extract some value out of the company to be able to afford a comfortable retirement.”
Mike Benedict
Business Transition Advisor at BOK Financial