Succession planning and family wealth transfer are major issues for the World War II generation and their “baby boomer” children. When it is time to transfer ownership interests to loved ones, it is important to minimize the tax impact, while also addressing the emotional issues attendant to a generational transition. Careful process must be followed to manage the tax impact and reduce the possibility of successful IRS challenges. We provide thorough, comprehensive appraisal reports which determine, substantiate and defend our value conclusions.
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