Creative carried interest transfer planning: When the “vertical slice” won't cut it
The vagaries and draconian nature of Internal Revenue Code Section 2701 have understandably led to widespread deference to the “vertical slice rule.” However, it is essential to bear in mind that the “vertical slice” isn't actually a rule, but rather one of a number of exceptions to the application of Section 2701. When adherence to the vertical slice exception isn't feasible or would produce an undesirable result for your client, you should consider alternative approaches. Background Over ...
All Access Premium Subscription
Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.