Family Wealth Update: Golden Age for Wealth Transfer Planning
This is the best opportunity in at least 25 years for affluent families to transfer wealth to junior generations. A combination of factors has created this favorable environment, including: (i) generous gift, estate and generation skipping transfer tax (“GST”) exemptions, (ii) unrestricted techniques (GRATs, QPRTs, loans and sales to family members and to grantor trusts f/b/o family members), (iii) low interest rates, (iv) valuation adjustments for inter-family transfers, and (v) still recovering values in closely held businesses and real estate.
