Avery Sinclair
Walter Teller is 68 and wants to hand the store to his daughter over the next five years. He asked what the tax-efficient way is.
4 waiting
Daniel Reyes
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October 8
October 10
Daniel Reyes
There are three routes and they are genuinely different, so I have outlined them rather than recommending one cold.
Gifting shares gradually uses the annual exclusion and moves future growth out of his estate. A sale to her is cleaner but she needs funding. An ESOP is almost certainly overkill at this size.
The point I would make first, though, is not about tax: the C-corp is holding appreciated real estate, and getting property out of a C-corp is expensive whichever route he takes. That constrains everything else, so it is worth deciding on before the rest.
October 11
Avery Sinclair
He will want to talk that through. I will set something up.
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