Transferring Wealth to Children: A Primer for Business Owners

Both business owners and non-businessowning parents want to transfer a monetary legacy to their children, if possible. However, business owners are different in the tools they can use to transfer wealth.

Whether you own a business or not, the fundamental questions are the same:

1. How much wealth do you want to keep?
2. How much wealth do you want the kids to have, and how much is too much?
3. Which tools minimize the estate- and gifttax consequences of transferring wealth?