Valuation Shell Game May Affect Foundation Estate Plans
Author: Staff Editors.
Source: Volume 06, Number 05, July/August 2007 , pp.12-12(1)
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Abstract:
It is not all uncommon for a business owner to leave part, but not all, of his or her interest in a family business to be family foundation. Excess business holdings issues are created in such a situation, but statutory exceptions provide a grace period of at least five years within which the foundation candivest itself of the interest in question.Keywords:
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