Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, May 27, 2016

Two Ways to 'Leave' Your Business

Gifting agency stockGifting the business is a great way to transfer the ownership of a business. Based on the circumstance, there are options to change the tax burden and/or have the owner still receive some money from the business. 

In some cases, the Grantor Retained Annuity Trust (GRAT) may be a preferred vehicle to gifting, especially if the estate is large. Working with the firm’s CPA and a qualified attorney will provide the owners the answers they need to use one of these two vehicles properly.

See Bill Schoeffler & Catherine Oak, Gifting Agency Stock & Grantor Retained Annuity Trusts, Insurance Journal, May 23, 2016. 

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.


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