Succession Planning

Systematic Gifting

Systematic gifting is a way to slowly transfer parts of your business to family members in order to reduce its assets and minimize estate taxes. As of 2019, you can gift up to $15,000 per person during the year without incurring a federal gift tax. The IRS won't track gifts under this amount, and your family members don't have to claim the gifts as income. You can gift someone cash from your business, and you can also gift stock in your company.

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